CFPB reports on debt-collection rule

Mar 23, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its 2020 annual report to Congress on the Fair Debt Collection Practices Act, including public enforcement action details.

FS-ISAC Coronavirus Update, March 23, 2021

Mar 23, 2021 | Coronavirus Update
The second batch of Covid-19 stimulus checks will be issued this week, the Biden administration announced Monday, with many of the payments expected to come via paper check or prepaid debit card and additional batches will be made weekly going forward.

ICBA: Community Banks Proudly Serve Rural America

Mar 23, 2021 | Press Release
The Independent Community Bankers of America (ICBA) and the nation’s community banks are celebrating the contributions of America’s local farmers, ranchers and agricultural enterprises during National Ag Day.

BPI, ABA, ICBA Urge OCC to Withdraw Bank Premises Proposal Amid Uncertain Post-Pandemic Office Reality

Mar 23, 2021 | Press Release
BPI, the American Bankers Association and the Independent Community Bankers of America sent a joint comment letter calling on the OCC to withdraw its Notice of Proposed Rulemaking on National Bank and Federal Savings Association Premises.

ICBA urging grassroots on rural lending tax relief

Mar 22, 2021 | NewsWatch Today
With National Agriculture Week running through Friday, ICBA is calling on community bankers to advocate support for newly reintroduced legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

SBA opening shuttered venue grant applications April 8

Mar 22, 2021 | NewsWatch Today
The SBA launched an online portal to receive Shuttered Venue Operators Grant applications when the application period begins April 8. The program offers $16 billion in grants for eligible live venues.

ICBA-backed cannabis banking safe harbor reintroduced

Mar 19, 2021 | NewsWatch Today
ICBA expressed support for newly reintroduced bipartisan legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in states where cannabis is legal.

Senate bill would expand credit union lending authority

Mar 19, 2021 | NewsWatch Today
ICBA-opposed legislation designed to expand credit union lending authority was introduced in the Senate.

CISA issues tool for detecting threat activity

Mar 19, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency released a forensics collection capability to help detect activity related to the supply chain compromises affecting SolarWinds and Active Directory/Microsoft 365.

New Nacha rules take effect today

Mar 19, 2021 | NewsWatch Today
Two new Nacha rules take effect today on Same Day ACH and account validation.

FS-ISAC Coronavirus Update, March 19, 2021

Mar 19, 2021 | Coronavirus Update
Covid-19 cases are rising by more than 10% in 14 states this week compared to last week, with half of those states rising by more than 20%, and while nationally the number of new cases has continued to decline the trend is not down for all states.

ICBA Supports Bill to Establish Cannabis Banking Safe Harbor

Mar 18, 2021 | Press Release
The Independent Community Bankers of America today expressed support for bipartisan legislation that would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related businesses in states where cannabis is legal.

90M EIPs disbursed this week

Mar 18, 2021 | NewsWatch Today
The Treasury Department and IRS said they disbursed roughly 90 million Economic Impact Payments this week.

ICBA backs bill offering rural lending tax relief

Mar 18, 2021 | NewsWatch Today
ICBA expressed support for legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

ICBA urging grassroots outreach on PPP reform

Mar 18, 2021 | NewsWatch Today
ICBA is urging community bankers to use its Be Heard grassroots action center to urge their members of Congress to make needed changes to the Paycheck Protection Program if it is extended beyond March 31.

FS-ISAC Coronavirus Update, March 18, 2021

Mar 18, 2021 | Coronavirus Update
Approximately 90 million stimulus checks have been disbursed to Americans, the Department of Treasury, Internal Revenue Service, and the Bureau of the Fiscal Service announced Wednesday, totaling over $242 billion in payments.

ICBA Supports Bill Offering Tax Relief for Rural Lending

Mar 17, 2021 | Press Release
The Independent Community Bankers of America today said it strongly supports the Enhancing Credit Opportunities in Rural America Act to support farmers, ranchers and rural homeowners.

House passes PPP extension with Senate outlook in question

Mar 17, 2021 | NewsWatch Today
The House voted 415-3 to pass ICBA-supported legislation to extend the Paycheck Protection Program, though the Senate outlook remains unclear.

EIPs start depositing today

Mar 17, 2021 | NewsWatch Today
The first tranche of new Economic Impact Payments sent through the ACH Network is effective today. In a joint statement, ICBA and other financial services groups clarified that the March 17 payment date was chosen by the IRS—not the banking industry.

FS-ISAC Coronavirus Update, March 17, 2021

Mar 17, 2021 | Coronavirus Update
Nearly 111 million doses of Covid-19 vaccine have been administered in the US, according to data published Tuesday by the US Centers for Disease Control and Prevention.