FS-ISAC Coronavirus Update, Feb. 17, 2021

Feb 18, 2021 | Coronavirus Update
A new report published in the New England Journal of Medicine on Wednesday suggests that Pfizer-BioNTech’s Covid-19 vaccine can protect people against concerning new coronavirus variants, including one first seen in South Africa called B.1.351.

Policymakers to Participate in ICBA ThinkTECH Accelerator Event

Feb 17, 2021 | Press Release
ICBA, in partnership with The Venture Center and the State of Arkansas, will host a one-day virtual summit for policymakers and the 2021 ICBA ThinkTECH Accelerator fintech cohort, to tackle barriers and discuss solutions for enhanced community bank innovation.

SBA shortens period for relief payments

Feb 17, 2021 | NewsWatch Today
The SBA issued new guidance adjusting the number of months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES Act, as amended by Section 325 of the Economic Aid Act.

OCC allows closures due to Winter Storm Uri

Feb 17, 2021 | NewsWatch Today
The OCC issued a proclamation allowing national banks and federal savings associations to close offices affected by Winter Storm Uri at their discretion.

White House extends forbearance, foreclosure protections

Feb 17, 2021 | NewsWatch Today
The Biden administration extended the foreclosure moratorium and mortgage forbearance on certain loans through the end of June.

FS-ISAC Coronavirus Update, Feb. 16, 2021

Feb 16, 2021 | Coronavirus Update
The rate of new US coronavirus cases continued to decline Monday and Tuesday, as the country’s rolling average of daily infections fell below 90,000 for the first time in more than 100 days.

ICBA Continues Call for Joint CRA Rulemaking

Feb 16, 2021 | Press Release
The Independent Community Bankers of America today reiterated its call for federal regulators to work together on updated Community Reinvestment Act regulations in a comment letter to the Federal Reserve.

FS-ISAC Coronavirus Update, Feb. 15, 2021

Feb 16, 2021 | Coronavirus Update
The seven-day average of new COVID-19 cases in the US has declined in 40 states and territories, remained the same in eight, and increased in three states, South Dakota, Nebraska and Alaska, according to COVID Tracking Project data

SBA issues new loan program guidance

Feb 16, 2021 | NewsWatch Today
The SBA on Friday night issued two notices on its lending programs. Further PPP information and resources are available on the SBA and Treasury sites and ICBA's PPP and EIP News page.

ICBA continues opposition to Rakuten ILC application

Feb 16, 2021 | NewsWatch Today
Rakuten Bank America’s resubmitted deposit insurance application continues to pose risks of mixing banking and commerce due to Rakuten Inc.’s diverse and global commercial activities, ICBA told the FDIC.

ICBA to OCC: Rescind unvetted charter policy shift

Feb 16, 2021 | NewsWatch Today
ICBA and other groups asked the OCC to rescind an interpretive letter expanding eligibility to apply for a national trust charter as well as the conditional charter approvals for Anchorage Digital Bank and Protego Trust Bank.

FS-ISAC Coronavirus Update, Feb. 12, 2021

Feb 12, 2021 | Coronavirus Update
The US Centers for Disease Control and Prevention said Friday that schools can safely open as long as a range of precautions are in place, offering a comprehensive and science-based road map for a return to classrooms.

Letter to Banking Agencies Regarding Community Bank Leverage Ratio

Feb 12, 2021 | Letters to Regulators
The Independent Community Bankers of America commends the Federal Deposit Insurance Corporation, the Federal Reserve Board and the Office of the Comptroller of the Currency for their efforts to mitigate the strain placed on community banks as a result of the global COVID-19 pandemic.

ICBA Renews Preferred Service Provider Relationship with Travelers

Feb 12, 2021 | Press Release
The Independent Community Bankers of America today announced it has extended its Preferred Service Provider relationship with Travelers to continue providing insurance and risk mitigation services specifically designed for community banks.

FS-ISAC Coronavirus Update, Feb. 9, 2021

Feb 10, 2021 | Coronavirus Update
In this latest update from FS-ISAC, experts warn the U.S. could be in the calm before the storm ahead of another possible surge in Covid-19 cases fueled by variants, and urge local and state leaders not to ditch their safety measures and restrictions.

Five Tips to Make the Most of the ICBA Connect Team Experience

Feb 10, 2021 | ICBA Connect Articles
ICBA Connect is a virtual experience that is designed to energize, inspire and bring community banking teams together. And to magnify that energy, our goal has been to engage community bankers at every level.

Fed extends rule allowing PPP loans to directors

Feb 10, 2021 | NewsWatch Today
The Federal Reserve Board again extended its rule allowing certain bank directors and shareholders to apply to their banks for Paycheck Protection Program loans for their small businesses.

OCC rescinds CRA benchmarking survey

Feb 10, 2021 | NewsWatch Today
The OCC said national banks over $2.5 billion in assets are not required to respond to a Community Reinvestment Act benchmarking survey, as advocated by ICBA.

Smaller lenders continue leading PPP lending

Feb 10, 2021 | NewsWatch Today
Insured depository institutions under $10 billion in assets in 2021 have approved more than 608,000 Paycheck Protection Program loans worth $39.4 billion, according to the latest SBA data.

SBA begins EIDL repayments today

Feb 9, 2021 | NewsWatch Today
The SBA today will begin remitting reconciliation payments for Paycheck Protection Program loans with a forgiveness payment that was reduced by the amount of an Economic Injury Disaster Loan advance.