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SBA reopens shuttered venue grant program

Apr 26, 2021 | NewsWatch Today
The SBA reopened the Shuttered Venue Operators Grant application portal after technology issues scuttled its April 8 launch.

OCC conditionally approves Paxos bank charter

Apr 26, 2021 | NewsWatch Today
The OCC conditionally approved the ICBA-opposed trust bank charter application from Paxos, a cryptocurrency platform.

Three days of grassroots at next week’s Capital Summit

Apr 22, 2021 | NewsWatch Today
Community bankers who can’t participate in next week’s virtual ICBA Capital Summit will still be able to join in the grassroots outreach.

VPN compromise illustrates growing malware trend

Apr 22, 2021 | NewsWatch Today
Cybersecurity firm FireEye said it is tracking 12 malware families associated with the exploitation of Pulse Secure VPN devices.

Taxpayer group urges credit union reforms

Apr 22, 2021 | NewsWatch Today
Congress should examine how the tax code is contributing to acquisitions of taxpaying community banks by tax-exempt credit unions, the National Taxpayers Union wrote in a new op-ed.

ICBA opposes Calif. public banking bill

Apr 22, 2021 | NewsWatch Today
ICBA and other groups expressed opposition to a bill in the California legislature that would establish a government banking system in the state.

House passes cannabis banking safe harbor

Apr 20, 2021 | NewsWatch Today
The House voted 321-101 to pass ICBA-advocated legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in states where cannabis is legal.

Lawmakers seek SBA feedback on PPP backlog

Apr 20, 2021 | NewsWatch Today
A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications.

ICBA: Climate risk study should preserve housing stability

Apr 20, 2021 | NewsWatch Today
Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in their portfolios without disrupting the housing finance system, ICBA told the Federal Housing Finance Agency.

ICBA backs bill promoting de novo bank formation

Apr 16, 2021 | NewsWatch Today
ICBA voiced its support for new legislation by Rep. Andy Barr (R-Ky.) to kickstart the economic recovery in underserved areas by easing regulations that hinder de novo bank formation.

FDIC launches campaign promoting financial inclusion

Apr 16, 2021 | NewsWatch Today
The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account to gain access to safe, low-cost financial products.

Same Day ACH volume increased 88%, passes 1 billion mark

Apr 16, 2021 | NewsWatch Today
ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020 and setting two new records, Nacha reported.