NewsWatch Today

The USDA announced the initial phase of plans to pay off USDA direct loans to socially disadvantaged (SDA) farmers and ranchers. It will subsequently announce its process for paying off guaranteed loans.

The Treasury Department proposed tax reporting requirements on cryptocurrencies in a new report on the administration’s American Families Plan.

Federal Reserve Board Chair Jerome Powell said the Fed is planning a discussion paper for this summer on the possibility of issuing a U.S. central bank digital currency.

ICBA expressed support for an OCC announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection.

The head of the National Credit Union Administration is scheduled to testify today on behalf of ICBA-supported legislation to expand oversight of third-party vendors, including credit union service organizations (CUSOs).

The Small Business Administration said there is approximately $5 billion remaining in Paycheck Protection Program funds set aside for certain community financial institutions.

ICBA continues to offer a customizable op-ed and updated talking points that community bankers can use to raise awareness of credit union acquisitions of community banks.

The FDIC requested comments within 60 days about insured depository institutions’ current and potential digital asset activities.

The Consumer Financial Protection Bureau issued additional frequently asked questions on its TILA-RESPA integrated disclosure rule.

ICBA released a customizable op-ed that community bankers can use to spread the word about the risks posed by proposals to establish taxpayer-funded public banks.

The Federal Reserve Board for the third time extended its rule allowing certain bank directors and shareholders to apply to their banks for Paycheck Protection Program loans for their small businesses.

ICBA's Mutual Council and America’s Mutual Banks urged the OCC to suspend the sale of Brainerd Savings and Loan Association assets to Wings Financial Credit Union until all freedom of information requests have been considered.