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SBA updates PPP forms to implement changes

Mar 23, 2021 | NewsWatch Today
The SBA issued updated Paycheck Protection Program application forms that incorporate last week's interim final rule implementing American Rescue Plan Act changes.

Quarles: Focus on ceasing LIBOR use

Mar 23, 2021 | NewsWatch Today
While policymakers continue planning for the end of LIBOR, financial firms should focus this year on ending new uses of the benchmark interest rate, Fed Vice Chair for Supervision Randal Quarles said in a speech.

CFPB reports on debt-collection rule

Mar 23, 2021 | NewsWatch Today
The Consumer Financial Protection Bureau released its 2020 annual report to Congress on the Fair Debt Collection Practices Act, including public enforcement action details.

ICBA urging grassroots on rural lending tax relief

Mar 22, 2021 | NewsWatch Today
With National Agriculture Week running through Friday, ICBA is calling on community bankers to advocate support for newly reintroduced legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

SBA opening shuttered venue grant applications April 8

Mar 22, 2021 | NewsWatch Today
The SBA launched an online portal to receive Shuttered Venue Operators Grant applications when the application period begins April 8. The program offers $16 billion in grants for eligible live venues.

ICBA-backed cannabis banking safe harbor reintroduced

Mar 19, 2021 | NewsWatch Today
ICBA expressed support for newly reintroduced bipartisan legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in states where cannabis is legal.

Senate bill would expand credit union lending authority

Mar 19, 2021 | NewsWatch Today
ICBA-opposed legislation designed to expand credit union lending authority was introduced in the Senate.

CISA issues tool for detecting threat activity

Mar 19, 2021 | NewsWatch Today
The Cybersecurity and Infrastructure Security Agency released a forensics collection capability to help detect activity related to the supply chain compromises affecting SolarWinds and Active Directory/Microsoft 365.

New Nacha rules take effect today

Mar 19, 2021 | NewsWatch Today
Two new Nacha rules take effect today on Same Day ACH and account validation.

90M EIPs disbursed this week

Mar 18, 2021 | NewsWatch Today
The Treasury Department and IRS said they disbursed roughly 90 million Economic Impact Payments this week.

ICBA backs bill offering rural lending tax relief

Mar 18, 2021 | NewsWatch Today
ICBA expressed support for legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

ICBA urging grassroots outreach on PPP reform

Mar 18, 2021 | NewsWatch Today
ICBA is urging community bankers to use its Be Heard grassroots action center to urge their members of Congress to make needed changes to the Paycheck Protection Program if it is extended beyond March 31.