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USDA asks lenders to suspend adverse actions against socially disadvantaged farmers

Mar 29, 2021 | NewsWatch Today
The USDA’s Farm Service Agency asked lenders to suspend adverse actions against guaranteed farm loan borrowers who are members of socially disadvantaged (SDA) groups while the agency develops a method to pay off SDA borrowers' direct and guaranteed loans.

IRS: PPE is tax deductible

Mar 29, 2021 | NewsWatch Today
The Internal Revenue Service clarified that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 are deductible medical expenses.

ICBA supports bill offering rural lending tax relief

Mar 26, 2021 | NewsWatch Today
ICBA thanked Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) for introducing legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

ICBA urges credit union capital parity

Mar 26, 2021 | NewsWatch Today
ICBA called on the NCUA to create a minimum regulatory capital framework that is no less stringent than the Basel III regulatory capital framework in effect for community banks.

ICBA offers Community Banking Month resources

Mar 25, 2021 | NewsWatch Today
April is Community Banking Month, and ICBA offers resources to help community banks get involved, including a toolkit to help tell the community banking story.

ICBA, Venture Center reveal new set of fintech solutions

Mar 25, 2021 | NewsWatch Today
ICBA and The Venture Center hosted the ICBA ThinkTECH Accelerator Virtual Demo Day to demonstrate the third Accelerator cohort's community bank-focused fintech solutions.

SBA increasing max EIDL amounts

Mar 25, 2021 | NewsWatch Today
The SBA said it is increasing maximum Economic Injury Disaster Loan amounts for small businesses from $150,000 over six months to $500,000 over 24 months.

State Association Ag Conferences Scheduled

Mar 25, 2021 | NewsWatch Today
ICBA's affiliated state community banking associations are hosting a series of live and virtual agriculture conferences in 2021.

Big week for PPP, credit union grassroots

Mar 24, 2021 | NewsWatch Today
With Paycheck Protection Program and credit union issues coming to a head this week in Washington, ICBA is urging community bankers to weigh in with policymakers via its Be Heard grassroots action center.

Cannabis banking bill reintroduced in Senate

Mar 24, 2021 | NewsWatch Today
ICBA-advocated legislation to establish a cannabis-banking safe harbor in states where cannabis is legal was reintroduced in the Senate following House introduction last week.

Large payments companies move to single exam

Mar 24, 2021 | NewsWatch Today
The Conference of State Bank Supervisors said 13 nationwide payments firms have undergone or are undergoing their single comprehensive exams during the first quarter as part of the "One Company, One Exam" program.

ICBA urges OCC to withdraw bank premises proposal

Mar 24, 2021 | NewsWatch Today
ICBA and other groups called on the OCC to withdraw a proposed rule to impose a rules-based approach to what national banks and federal savings associations can do with their buildings, land, and facilities.