Newsroom Graphic

NewsWatch Today

USDA announces dealer trust for livestock sellers

Feb 19, 2021 | NewsWatch Today
The USDA Agricultural Marketing Service announced a new Dealer Statutory Trust for livestock sellers, in accordance with the year-end appropriations law.

Fed extends netting protections

Feb 19, 2021 | NewsWatch Today
The Federal Reserve Board issued a final rule to apply netting protections to a broader range of financial institutions.

ICBA updates 'Return to the New Normal' guide

Feb 18, 2021 | NewsWatch Today
ICBA updated its "Return to the New Normal" guide featuring suggestions to help community banks resume more normal operations and person-to-person services amid the COVID-19 pandemic.

Government measures target North Korean cybercrime

Feb 18, 2021 | NewsWatch Today
The Justice Department indicted three North Korean computer programmers for participating in a series of cyberattacks designed to steal and extort more than $1.3 billion from financial institutions.

ICBA issues summary on new BSA/AML law

Feb 18, 2021 | NewsWatch Today
ICBA recently issued a summary on the defense spending law enacted at the beginning of the year that includes BSA/AML reforms.

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.

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.

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.