ICBA offers the following community bank takeaways on this week's SBA interim final rule, frequently asked questions, updated application forms, and webinar implementing Paycheck Protection Program changes for IRS Form 1040, Schedule C filers.
The Cybersecurity and Infrastructure Security Agency is hosting a conference call at noon (Eastern time) today on the active exploitation of a vulnerability in Microsoft Exchange Server 2013, 2016, and 2019
Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes effect on at 4:45 p.m. (Eastern time) Friday, March 19.
The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.
The average number of vaccine doses being administered across the US per day topped two million for the first time on Wednesday, according to data from the Centers for Disease Control and Prevention, up from an average of about 1.3 million a month ago.
The ICBA today announced that its Preferred Service Provider relationship with QwickRate LLC now includes its IntelliCredit loan review and credit intelligence solutions, which are designed to help community banks better detect and manage credit risk.
The SBA released its new interim final rule and new application forms implementing Paycheck Protection Program changes for sole proprietors and other borrowers that file IRS Form 1040, Schedule C. An SBA webinar on the updates is scheduled for today.
While Congress is fast-tracking the next stimulus package, problems with existing recovery programs remain unaddressed, ICBA President and CEO Rebeca Romero Rainey wrote in an op-ed this week.
The Consumer Financial Protection Bureau proposed delaying the mandatory compliance date of its general Qualified Mortgage final rule from July 1, 2021, to Oct. 1, 2022.
About 80.5 million doses of Covid-19 vaccine have been administered in the US, according to data published Wednesday by the US Centers for Disease Control and Prevention.
Ramped up vaccination rates and the arrival of a new vaccine from Johnson & Johnson are making economists optimistic about their forecast for a strong economic rebound in the summer.
The Independent Community Bankers of America announced a first-of-its kind team-focused virtual banking conference designed to address the unique challenges and opportunities facing the nation’s community banks.
Credit unions were created and granted a substantial tax exemption to serve “people of modest means.” However, fewer than 20 percent of credit unions are physically located in an economically distressed area and only 27 percent are in low- and moderate-income areas.
The SBA said it will "soon" publish a new Paycheck Protection Program interim final rule and issue a new application for Schedule C filers. Until then, it issued the following considerations:
The IRS issued guidance for employers claiming the employee retention tax credit under the CARES Act. The guidance includes clarifications and describes retroactive changes relating to expanded eligibility.
he $900 billion Covid relief bill passed in December with $600 stimulus checks and extra unemployment benefits, helped lift about 1.6 million Americans out of poverty in January, according to economists at the University of Chicago and the University of Notre Dame.
ICBA released a summary of the House version of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which the House passed Saturday on a nearly party-line vote.
