IRS makes new reporting requirement for qualified charitable deductions optional for 2025

Eleven new sample documents were released, covering franchise sales and loan pools, including purchase and assumption agreements, confidentiality agreements and financing terms.

FOMC members agreed further cuts of federal funds rate in the near future “would likely be appropriate" if inflation declines as expected, while some members recommended keeping the target range “unchanged for some time” to allow policymakers to...

The Federal Reserve and FDIC today released the updated Community Reinvestment Act “small-bank” and “intermediate small-bank” asset-size thresholds for 2026. The thresholds, which ticked up slightly for the coming year, are adjusted annually.

ABA suggested changes for the agencies' proposed rule regarding unsafe or unsound practices, as well as revisions to the supervisory framework for issuing matters requiring attention and other supervisory communications.

The OCC is proposing two rules to clarify that national banks are exempt from state laws regulating real estate escrow accounts. ABA welcomed the proposals.

A coalition of 22 Democratic state attorneys general filed a lawsuit against the Trump administration to stop what they said was the “complete defunding” of the CFPB.