ICBA called on the USDA to ensure lenders are compensated for lost income as it prepares to pay off direct and guaranteed farm loans held by Socially Disadvantaged Farmers and Ranchers.
About a quarter of adults in the US - more than 66 million people - are now fully vaccinated against Covid-19, according to data published Thursday by the Centers for Disease Control and Prevention.
The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan.
ICBA added more Financial Literacy Month resources to its "Tell Your Story" marketing and communications toolkit to help community banks celebrate in April.
The US is currently averaging 785 daily deaths over the last seven days - down 21% since last week, according to data compiled by Johns Hopkins University, and the country is reporting 64,766 average daily cases over the last week – which was down 3%.
The Independent Community Bankers of America (ICBA) and other financial, mortgage, and civil rights groups today are calling on the Treasury Department and Federal Housing Finance Agency to delay and withdraw new product restrictions on Fannie Mae and Freddie Mac.
The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to apply.
ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae and Freddie Mac.
ICBA expressed support for legislation to raise the currency transaction reporting and Suspicious Activity Reporting thresholds to $30,000 and $10,000, respectively.
Following a dip in daily case numbers due to Easter Sunday, when many states did not report coronavirus data, a Johns Hopkins University tracker shows the US recorded about 79,000 new Covid-19 cases on Monday, with the seven-day average currently at 64,600.
ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America, today announced Malallai “Mal” Zalmai as vice president, project manager.
The April issue of Independent Banker magazine profiles ICBA's 2021-2022 executive committee. The interviews with ICBA leadership bankers cover the pandemic’s permanent changes to banking, evolving customer needs and expectations, community bank advocacy priorities, and more.
Senate Banking Committee Republicans led by Sen. Mike Crapo (R-Idaho) called on federal regulators to use their authority to extend the 8 percent Community Bank Leverage Ratio through Dec. 31.
Last year as millions sheltered at home, e-commerce proved crucial to keeping retail sales flowing. Now, as outbreaks begin to subside and mobility returns, e-commerce’s share of total sales has fallen from its 2020 peak, raising questions about the lasting impact of the abrupt shift to e-commerce.
