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Agencies finalize call report threshold relief

Feb 22, 2021 | NewsWatch Today
Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.

Fed's Powell testifying this week

Feb 22, 2021 | NewsWatch Today
Federal Reserve Chairman Jerome Powell is slated to testify this week before the Senate Banking Committee and House Financial Services Committee on the agency's Semiannual Monetary Policy Report.

Minority bank webinar on evaluating capital opportunities

Feb 22, 2021 | NewsWatch Today
ICBA, ICBA Securities, and Vining Sparks are hosting a complimentary webinar for FDIC-designated Minority Depository Institutions on evaluating unsolicited interest from investors to provide capital and funding.

Community banks lead 2021 PPP lending

Feb 19, 2021 | NewsWatch Today
Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion, according to the latest SBA data issued this week.

Climate change poses risks to FIs: Fed's Brainard

Feb 19, 2021 | NewsWatch Today
Federal Reserve Governor Lael Brainard said climate change is already imposing substantial economic costs while presenting risks and opportunities to financial institutions.

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.