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Community banks with less than $100 million in assets are offering better overdraft pricing to consumers than "rival" credit unions, according to a Moebs Services report covered by CU Today.
ICBA is calling on community bankers to complete its State of Advocacy survey to help identify new and existing community banker relationships with members of Congress.
The number of new US coronavirus cases reported over the past seven days is 22% lower than a week ago and the seven-day average has been trending down for 10 days, according to an analysis of data from Johns Hopkins University.
The Government Accountability Office will be surveying a sample of Paycheck Protection Program lenders in the coming weeks to gather feedback about their experiences with the program.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following congratulatory statement on Janet Yellen's confirmation for Treasury secretary.
The latest coronavirus update from FS-ISAC reports that a bipartisan group of US lawmakers met virtually with Biden administration officials Sunday to push forward plans for vaccine distribution and another massive stimulus.
The SBA on Saturday said it is working to ensure the Paycheck Protection Program appropriately accounts for the changes that businesses may have undergone since the beginning of the pandemic.
The Treasury Department announced plans to help the up to 8 million households that have not yet been able to access either round of Economic Impact Payments.
The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the full Senate for a final confirmation vote, which is scheduled for tonight.
ICBA said it supports Nacha's plan to raise the individual same-day ACH transaction limit from $100,000 to $1 million in 2022. However, ICBA urged Nacha to assess the impact of such an increase before proceeding with its plan to remove dollar limits altogether in 2024.
The US Centers for Disease Control and Prevention reported on Friday that 1.6 million more COVID-19 vaccines have been given out, the biggest single-day increase yet reported.
The IRS this week issued guidance clarifying that SBA payments on existing 7(a) and 504 loans under Section 1122 of the CARES Act are no longer considered taxable income to the borrower.
ICBA encouraged the OCC to rescind its proposal to require national banks over $2.5 billion in assets to complete an Information Collection Survey to establish benchmarks for its 2020 Community Reinvestment Act rule.
President Joe Biden is expected to nominate former Treasury Department official Michael Barr for comptroller of the currency, according to reports from Politico and other news outlets citing anonymous sources.
The U.S. reported 4,409 COVID-related deaths on Wednesday, the highest number of daily fatalities on record, according to this latest coronavirus update from FS-ISAC.
Community bankers have reported problems with NewsWatch Today links to the SBA's Paycheck Protection Program resources, including application forms and rules.
Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the inauguration of Joe Biden as the 46th president of the United States.
