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.
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.
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.
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.
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.
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.
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.
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.
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.
ICBA today is advancing its recommendations for the pandemic relief package before Congress. Developed with community bankers, the ICBA recommendations in today's letter to Congress include, among other things, expanding support for the PPP.
The Federal Trade Commission said it received more than 2.1 million fraud reports from consumers in 2020. Consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, predicted Sunday that vaccine supplies would improve by March, with increased doses of approved vaccines from Pfizer-BioNTech and Moderna and a new vaccine candidate from Johnson & Johnson.
ICBA called on the Consumer Financial Protection Bureau to ensure nonbanks that access customer financial information take the same care in protecting consumer privacy and data as community banks.
Johnson & Johnson on Thursday submitted to the Food and Drug Administration an application for emergency authorization for its one-dose coronavirus vaccine, putting the company on track to potentially begin shipping it by early March.
Community banks were the most common source for Paycheck Protection Program loans among employer firms, and they were the source from which applicants were most successful in obtaining PPP funding, the Federal Reserve Banks said.
ICBA continues calling on community bankers to complete its State of Advocacy survey to help identify new and existing community banker relationships with members of Congress.
ICBA-supported legislation to prevent avoidable foreclosures, evictions, and utility shut-offs was introduced by Sen. Jack Reed (D-R.I.), Senate Banking Committee Chairman Sherrod Brown (D-Ohio), and Senate Appropriations Committee Chairman Patrick Leahy (D-Vt.).
At the current rate of 1.32 million shots a day, every adult in the US could be fully vaccinated in about a year, and assuming 75% of adults must be fully vaccinated to achieve herd immunity, the country could reach the threshold around Halloween.
Academy Award-winning actor Matthew McConaughey joins community bankers at ICBA Connect, providing an inspiring, resonant, encouraging, and ultimately useful talk helping us “build our way into a better and more true tomorrow.”
