08/21/2026 On August 21, 2026, the IRS and the Treasury Department published a notice of proposed rulemaking interpreting the statutory limits on how Trump account funds may be invested and prescribing operational procedures for account trustees. |
08/14/2026 The Kentucky Bankers Association is proud to throw its full support behind the Safe Access to Cash Act, federal legislation that would give ATMs the same protections as bank branches, no matter where they sit. From gas stations to grocery stores to Main Street, Kentuckians deserve safe, reliable access to their cash. |
08/07/2026 On July 31, 2026, the FDIC and the OCC jointly issued a 407-page notice of proposed rulemaking that would substantially alter their Community Reinvestment Act regulations. If adopted as proposed, this would be the most consequential CRA development for banks in twenty years. Beyond the widely reported asset-threshold increases, the proposal rewrites the entire community development definition, imposes a documentation regime on charitable grants, creates a new opt-in framework for community devel |
08/07/2026 On August 4, 2026, the Federal Reserve Board published a proposed rule that would comprehensively update Regulation O (12 C.F.R. Part 215), which governs extensions of credit to bank “insiders” — directors, executive officers, principal shareholders, and their related interests. Two days later, the FDIC published a companion proposal amending its own rule at 12 C.F.R. § 337.3 to keep the thresholds for FDIC-supervised institutions aligned. Together, the proposals would: |
05/18/2026 Despite the united and repeated efforts of KBA and banking groups representing every state, and those of national banking trades representing banks of every size, the US Senate’s Banking Committee sided with the crypto industry over thousands of community bankers last Thursday in passing a market structure bill that will allow digital asset platforms to pay rewards for stablecoin trading, transactions, and staking. |
05/14/2026 Bills that impact the banking industry are summarized below. If a bill contains more than one subject, only the portion that impacts banks is summarized. Each bill, unless it contains an emergency clause, will go into effect July 15, 2026 unless it contains an emergency clause. If you need more information on any of these bills, please contact Timothy Schenk. |
01/15/2026 We told you it was coming and now it is here!! Yesterday the Kentucky credit unions filed Senate Bill 87 sponsored by Senator Greg Elkins. |