FS-ISAC Coronavirus Update, Jan. 15, 2021

Jan 15, 2021 | Coronavirus Update
In today's coronavirus update from FS-ISAC, the Centers for Disease Control and Prevention says more than 11 million received their first coronavirus shots – representing an increase of about 1 million administered in the U.S. since Wednesday.

PPP reopening for more lenders today

Jan 15, 2021 | NewsWatch Today Article
The SBA will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time) today. The reopening applies to both first- and second-draw applications.

FBI alert, webinar offer threat update

Jan 15, 2021 | NewsWatch Today Article
The FBI issued an alert on violence related to the electoral certification and inauguration of President-elect Joe Biden. The alert recaps investigative activity and provides a national threat picture through next week's inauguration.

NCUA seeks expanded powers for CUSOs

Jan 15, 2021 | NewsWatch Today Article
The National Credit Union Administration issued a proposed rule that would expand credit union service organizations' permissible services and activities to include anything federal credit unions can currently do.

FHFA, Treasury allow GSEs to continue retaining earnings

Jan 15, 2021 | NewsWatch Today Article
The Federal Housing Finance Agency and Treasury Department updated the Preferred Stock Purchase Agreements allowing Fannie Mae and Freddie Mac to continue to retain earnings until they satisfy the requirements of the 2020 GSE capital rule.

FS-ISAC Coronavirus Update, Jan. 14, 2021

Jan 14, 2021 | Coronavirus Update
Today's COVID-19 update from FS-ISAC has the latest from the Centers for Disease Control and Prevention, up-to-date information on the vaccine rollout, and considerations that affect businesses here in the U.S.

PPP reopening for more lenders tomorrow

Jan 14, 2021 | NewsWatch Today Article
The SBA said it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time) tomorrow, Jan. 15.

ICBA backs efforts to recapitalize GSEs

Jan 14, 2021 | NewsWatch Today Article
ICBA said it strongly supports Federal Housing Finance Agency Director Mark Calabria’s efforts to fully recapitalize Fannie Mae and Freddie Mac.

ICBA urges OCC to withdraw CRA survey

Jan 14, 2021 | NewsWatch Today Article
ICBA and other groups called on the OCC to withdraw the CRA Information Collection Survey that was published in the Federal Register in December.

CFPB issues guidance on Limited English Proficiency consumers

Jan 14, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau issued guidance that encourages financial institutions to better serve Limited English Proficiency consumers.

SBA reopening for more lenders Friday

Jan 13, 2021 | NewsWatch Today Article
The Small Business Administration just announced that it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets this Friday, Jan. 15.

ICBA: GMAC Collapse Shows Risk of GM Bank Application

Jan 13, 2021 | Press Release
ICBA today called on the FDIC to reject GM Financial Bank's deposit insurance application as an industrial loan company, which would allow the company to skirt regulatory oversight and violate U.S. policy separating banking and commerce.

ICBA Statement on Conservatorship of Fannie Mae, Freddie Mac

Jan 13, 2021 | NewsWatch Today Article
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the conservatorship of Fannie Mae and Freddie Mac.

MK Decision Introduces Digital Account Opening

Jan 11, 2021 | Industry News From Corporate Members

SBA issues PPP resources ahead of launch

Jan 11, 2021 | NewsWatch Today Article
The SBA on Friday and over the weekend released a series of forms and guidance for the next round of Paycheck Protection Program lending starting for certain lenders today.

IRS redirecting, reissuing some EIP2s

Jan 11, 2021 | NewsWatch Today Article
The IRS said it is working with the tax-preparation industry to redirect second Economic Impact Payments that for some recipients went to temporary bank accounts established when their 2019 tax returns were filed.

ICBA: FHFA approval process should expand GSE transparency

Jan 11, 2021 | NewsWatch Today Article
ICBA submitted a comment letter to the Federal Housing Finance Agency on its proposed rule that outlines the process of prior approval for Fannie Mae and Freddie Mac products

Community Banks: The Road to Bipartisan Solutions

Jan 8, 2021 | NewsWatch Today Article
The Independent Community Bankers of America congratulates members of the 117th Congress for serving the nation at this critical time.

ICBA's Open Letter to the 117th Congress

Jan 8, 2021 | NewsWatch Today Article
ICBA believes that the policy recommendations outlined in this letter will play a critical role in creating a robust post-pandemic recovery and charting a course for inclusive growth and a more competitive economy that serves small businesses and consumers.

SBA begins implementing next round of PPP

Jan 7, 2021 | NewsWatch Today Article
The Small Business Administration last night issued several documents on the next round of the Paycheck Protection Program authorized by the end-of-year stimulus package. Here's the latest.