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One of the Biden administration's Paycheck Protection Program reforms announced earlier this week started yesterday, with the rest set to be implemented next week.
The Financial Crimes Enforcement Network issued an advisory to alert financial institutions to fraud and other financial crimes related to Economic Impact Payments.
ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.
A new report out Tuesday warns that a more transmissible variant of coronavirus threatens to start a renewed surge of infections in March, and suggests the US speed up vaccination by skipping second doses for now.
The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.
ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill.