Covid-19

Latest News

FS-ISAC Coronavirus Update, April 14, 2021

Apr 14, 2021

Headlines

  • More than two dozen states reacted quickly to Tuesday’s announcement by the Food and Drug Administration and the Centers for Disease Control and Prevention regarding the Johnson & Johnson vaccine, pausing injections while officials review the reports of blood clots.
  • The US Centers for Disease Control and Prevention will hold an emergency meeting of its Advisory Committee on Immunization Practices from 1:30 to 4 p.m. ET Wednesday to review “rare and severe” blood clot cases among people who received the Johnson & Johnson Covid-19 vaccine.
  • Dr. Janet Woodcock, acting commissioner of the US Food and Drug Administration, said she expects the pause of the Johnson & Johnson’s Covid-19 vaccine to be “a matter of days.” 
  • Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Disease, said that people who took the Johnson & Johnson Covid-19 vaccine "a month or two ago" should not be concerned about the recommendation to pause production.
  • Dr. Carlos del Rio, executive associate dean at Emory University School of Medicine, said that people who have gotten the Johnson & Johnson Covid-19 vaccine will likely be OK, but they should be attuned to their body for possible symptoms.
  • Though the cases of severe blood clots after vaccination with Johnson & Johnson’s Covid-19 vaccine were among women, men who received the vaccine should also watch carefully for symptoms of adverse events, Dr. Peter Marks, director of the US Food and Drug Administration's Center for Biologics Evaluation and Research, said Tuesday.
  • Johnson & Johnson has decided to pause vaccinations in all of its clinical trials while they “update guidance for investigators and participants,” according to a statement from the company on Tuesday.
  • Vaccine maker Moderna said in a Twitter post on Tuesday that its Covid-19 shot does not appear to have an association with blood clots.
  • Moderna’s Covid-19 vaccine was more than 90% effective at protecting against Covid and more than 95% effective against severe disease up to six months after the second dose, the company said Tuesday, citing updated data from its phase three clinical trial.
  • A decision on whether to extend emergency use of the Pfizer/BioNTech Covid-19 vaccine to people ages 12 to 15 could be made in “a couple of weeks,” Dr. Peter Marks, director of the US Food and Drug Administration's Center for Biologics Evaluation and Research, said Tuesday.
  • The virus is again surging in parts of the US, but it’s a picture with dividing lines - ominous figures in the Northeast and Upper Midwest, but largely not in the South, and experts are unsure what explains the split, which doesn’t correspond to vaccination levels, with some pointing to warmer weather in the Sun Belt, while others suspect that decreased testing is muddying the virus’s true footprint.
  • At least 73,192 new child Covid-19 cases were identified through testing last week, according to the American Academy of Pediatrics, a slight increase in new reported cases from the week before, with children representing 13.5% of all cases in the US.
  • Nearly 37% of the US population - about 122 million people - have received at least one dose of vaccine, and nearly 23% - more than 75 million people - are fully vaccinated, Centers for Disease Control and Prevention data updated Tuesday showed.
  • The rollout of the Johnson & Johnson vaccine in Europe “has been paused by the company,” Stella Kyriakides, the European Union's health commissioner, tweeted Tuesday, shortly after US health authorities recommended halting distribution of the vaccine in the US.
  • The surging COVID-19 outbreak in Brazil is increasingly affecting younger people, with hospital data showing that last month the majority of those in intensive care were aged 40 or younger, according to a new report.
  • Hospitals in Canada’s most populous province are canceling surgeries, transferring patients and preparing for the possible need to ration care as they face a surge in Covid-19 variants that is putting more pressure on Ontario’s healthcare system than at any other time in recent history.
  • The German federal cabinet has agreed to amend the country's Infection Protection Act that enables the federal government to impose nationwide curfews and lockdowns during the pandemic, with the so-called "federal emergency brake" automatically overruling measures in the country’s 16 states if the seven-day-incidence of new infections surpasses 100 per 100,000 residents in an administrative district for three consecutive days.
  • The rate of new COVID-19 infections in Sweden has jumped to the second-highest in Europe after land-locked San Marino, data showed on Tuesday, as the Scandinavian country which has shunned lockdowns throughout the pandemic faced a third wave of cases.
  • The World Health Organization on Tuesday urged countries to suspend the sale of wild animals at so-called wet markets as an emergency measure, saying 70% of all emerging infectious diseases in humans have wildlife origins.
  • The IRS plans to begin sending monthly payments from the new $3,000 child tax credit in July, Commissioner Charles Rettig said Tuesday during a hearing with the Senate Finance Committee.
  • Overall, 55% of Americans say their financial circumstances are about the same now as a year earlier, and 30% say their finances have improved, according to a new poll from Impact Genome and The Associated Press-NORC Center for Public Affairs Research, but 15% say they are worse off.
  • Criminals are targeting a new federal program that pays up to $9,000 in funeral costs for a loved one who died of Covid-19, the Federal Trade Commission said Tuesday, with fraudsters contacting people and impersonating government agents, offering to register them for assistance.

SPECIAL – US Johnson & Johnson Vaccine

  • One person who experienced a rare type of blood clot after receiving the Johnson & Johnson vaccine has died and another is in critical condition, Dr. Peter Marks, director of the US Food and Drug Administration's Center for Biologics Evaluation and Research, said during a virtual briefing on Tuesday.
  • Clotting events that may be linked to Johnson & Johnson’s vaccine could be a result of an immune response, Dr. Peter Marks, said on Tuesday, and acting Food and Drug Administration Director Janet Woodcock called this the “leading” theory on the clotting response right now.
  • There appears to be similarities between the rare blood clotting events possibly associated with Johnson & Johnson’s coronavirus vaccine and the AstraZeneca coronavirus vaccine, Dr. Peter Marks said today.
  • The US Food and Drug Administration and US Centers for Disease Control and Prevention quickly made the recommendation to pause the use of the Johnson & Johnson vaccine - even without giving states a heads up - because of concern that rare blood clot incidents might be treated inappropriately.
  • The rare blood clotting events among six people who have received the Johnson & Johnson vaccine do not appear to be connected to birth control, but the events are still being investigated, Dr. Peter Marks said Tuesday.
  • Dr. Peter Marks said the recommendation to pause the Johnson & Johnson vaccine over blood clot concerns is "not a mandate," but no governors pushed back urging the White House’s weekly call with governors on the pandemic, an official familiar with the call said.
  • The American College of Obstetricians and Gynecologists announced on Tuesday that pregnant and postpartum women who wish to get vaccinated are encouraged to receive either the Pfizer/BioNTech or Moderna vaccines rather than the Johnson & Johnson.
  • The new announcement on the pause of the Johnson & Johnson vaccine means all federal health channels - mass vaccination sites, community health centers and the like - that were previously administering the Johnson & Johnson vaccine will immediately stop for the time being, according to a federal health official.
  • CVS and Walgreens are pausing use of Johnson & Johnson's vaccine after the US Centers for Disease Control and Prevention and the US Food and Drug Administration recommended pausing use of the vaccine.
  • Walmart Inc. said it stopped administering the Johnson & Johnson vaccine after the Centers for Disease Control and Prevention and Food and Drug Administration said they would pause use of the shot.
  • Arkansas Governor Asa Hutchinson told reporters he has “confidence” in the Johnson & Johnson vaccine, but the state will pause its use of the vaccine to allow the medical community to better prepare for the rare reactions that have been documented.
  • New York state is pausing the use of the Johnson & Johnson vaccine statewide, New York’s top health official said Tuesday, with all prescheduled appointments scheduled for the Johnson & Johnson vaccine honored with the Pfizer vaccine.
  • The District of Columbia health department is canceling appointments for those scheduled to receive Johnson & Johnson’s vaccine from today until Saturday.
  • New York City Mayor Bill de Blasio, who received the Johnson & Johnson shot himself along with the city’s top health official, said all city-run sites will stop administering the vaccine in light of federal recommendations.
  • The Johnson & Johnson vaccine may return to being used in the US following the recommendation to pause production, but more investigation is needed, and it would be premature to comment, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said during a White House press briefing on Tuesday.
  • Reports of clotting cases potentially connected to Johnson & Johnson’s vaccine should not be overblown, former Food and Drug Administration Commissioner Dr. Scott Gottlieb said Tuesday, explaining “I want to be cautious not to over-interpret the report because it is an early report and we don’t have details about these six cases.”
  • The US Food and Drug Administration and US Centers for Disease Control and Prevention’s recommendation to pause the use of Johnson & Johnson's vaccine provides time to investigate the extremely rare cases of blood clots following vaccination, Dr. Anthony Fauci said today.
  • The risk of developing blood clots from Covid-19 is greater than the apparent likelihood of developing them from Johnson & Johnson’s coronavirus vaccine, Dr. Purvi Parikh, a New York-based allergist and immunologist, has worked as an investigator for other Covid vaccine trials, including Pfizer, said today.
  • The decision to recommend pausing the use of the Johnson & Johnson vaccine was done out of “an abundance of caution” and made by the US Food and Drug Administration and Centers for Disease Control and Prevention, Dr. Anthony Fauci said Tuesday.
  • White House economic adviser Jared Bernstein offered some of the Biden administration’s first on-camera reaction to news that the Johnson & Johnson vaccine would be paused following concerns regarding severe blood clot cases, saying the administration is taking it “extremely seriously” and largely declining to forecast what it means for reopening the economy.

US Outbreak

  1. Nationally, reported cases in the US are growing again after a steep fall from the post-holiday peak in January, and in the past two weeks, new confirmed cases have jumped about 11 percent.
  2. New case reports have fallen by about 11 percent in Georgia over the past two weeks, and in Alabama, new cases are down roughly 29 percent, with a 17 percent decline in hospitalizations.
  3. Michigan hospitalizations reached 3,953 on Monday, surpassing the state's November/December spike, and among the biggest drivers of infections in the state, health officials have said, are outbreaks among youth athletes and those associated with K-12 schools, with 312 ongoing or new school outbreaks reported this week, which includes infections linked to classrooms, after-school activities and sports.
  4. New York City will spend $120 million to expand its summer-school program this year by launching a free five-day in-person enrichment program open to all K-12 public-school students to help with learning loss during the pandemic, city officials said Tuesday.
  5. The interruption of the Johnson & Johnson vaccination could have a significant impact on college students, who were key targets for getting one shot before leaving school at the end of the spring semester.

Latest Compliance and Deposit Insurance FAQs

Compliance-Vault

An additional 2,500 compliance Q&As can be found in ICBA's Compliance Vault - Complimentary access for all ICBA members


  • Through the Fire and Flames: The Road Ahead for Community Banks

    Feb 01, 2021
    Economic security rapidly evaporated for many households in 2020 as the coronavirus imposed an indelible mark on our nation’s economy. While the consequences were unprecedented, data continues to affirm the vitality of community banks.
  • Budgeting for a 2021 Innovation Agenda

    Oct 02, 2020
    With so many unknowns, budgeting is difficult, but there is a bright spot. With uncertainty comes the opportunity to look at what we do in a different light using the experiences of the pandemic to explore new ideas.

Service Providers Are Here To Help

    MK Decision

    MK Decision helps community banks to offer banking services digitally via remote implementation.

    Visit Partner Site

    FINSYNC

    Members of ICBA can use FINSYNC's online loan application to support the PPP Loan with no upfront costs and same day implementation, which comes complete with a portal for processing PPP loans more efficiently and tools to help you track loan forgiveness eligibility, among other benefits.

    Visit Partner Site

    NXTSoft

    NXTsoft Launches solution to resolve the many headaches associated with SBA E-Tran system: OmniConnect CARES Queue Streamlines the PPP Loan Submission Process for Financial Institutions

    Visit Partner Site

    Abrigo

    With two-day implementation, Abrigo enables banks to serve their communities using our automated PPP loan origination system that is integrated into E-Tran, providing them with software to handle the inundation of loan requests and help small businesses and the self-employed pay their employees during the coronavirus crisis.

    Visit Partner Site

    ProfitStars Lending Network

    The Jack Henry Lending Paycheck Protection Program Portal is a quick and easy solution for connecting Small Business borrowers to SBA certified banks.

    Visit Partner Site

    Wolters Kluwer

    With Paycheck Protection Program supported by TSoftPlus, you can immediately start processing compliant PPP loans, with no upfront costs.

    Visit Partner Site

    NewTek

    Newtek Business Finance Solutions is now offering Paycheck Protection Program loans to small business owners.

    Visit Partner Site

    Lendsmart

    At this time we are happy to offer our solution free of charge for 3 months and deferred payments, and we will also offer our solution at a substantially discounted rate.

    Visit Partner Site

    Q2

    Help small businesses get the loan assistance they need with a fast, easy, mobile-first application.

    Visit Partner Site

    Holtmeyer & Monson

    H&M will submit the completed loan application to the SBA for approval and guarantee issuance and provide loan closing services with detailed documentation instructions.

    Visit Partner Site

    Teslar

    The free Teslar Unite – PPP module assists community bankers with the SBA CARES Act PPP loan application process via an integrated web portal that allows small business customers to easily download the PPP loan application, fill it out, upload it and track the status of the loan.

    Visit Partner Site

    OnDeck

    ODX enables banks to digitally originate business credit and deposit products - allowing business owners to open accounts and apply for loans without physically coming into a branch.

    Visit Partner Site

    Fundation

    Fundation's white-labeled SBA Paycheck Protection Plan application for your community banks small business customers (use code 4242 for mobile verification).

    Visit Partner Site

    StreetShares

    Community banks can now launch Business Lending-as-a-Service, in 7 days or less with all fees waived.

    Visit Partner Site

    Botdoc

    Botdoc is allowing up to 15 users to use Botdoc for free for 60 days to help community bankers begin securely exchanging documents within 15 minutes, even when working remotely.

    Visit Partner Site

    Finastra

    Finastra is taking action to optimize business lending platforms for the CARES Act and PPP funding.

    Visit Partner Site

    Qcash Financial

    QCash Financial is waiving fees and implementation costs to get our digital small dollar lending solution broadly distributed.

    Visit Partner Site

    Cirrus Secure

    Our secure loan document collection platform enables collaboration and workflow automation to support dispersed teams.

    Visit Partner Site

    Botdoc

    Botdoc is allowing up to 15 users to use Botdoc for free for 60 days to help community bankers begin securely exchanging documents within 15 minutes, even when working remotely.

    Visit Partner Site

    Lendsmart

    At this time we are happy to offer our solution free of charge for 3 months and deferred payments, and we will also offer our solution at a substantially discounted rate.

    Visit Partner Site

    Credit Plus Inc.

    Business and personal credit reports, account monitoring, and portfolio monitoring are a few of our main services.

    Visit Partner Site

    Intellicredit by QwickRate

    Now is the time to adopt aggressive new approaches to discover and monitor portfolio credit quality—both in aggregate and transactionally—including loans affected by COVID-19.

    Visit Partner Site

    nCino

    The cloud-based nCino Bank Operating System incorporates government-defined requirements into loan decision workflows and provides critical insights and analytics to help institutions better understand exposure, manage risk and ensure compliance.

    Visit Partner Site

    Fraud.net

    To help manage risks, Fraud.net is offering its Email Authentication tool-free for three months to community banks and their commercial banking customers.

    Visit Partner Site

    Botdoc

    Botdoc is allowing up to 15 users to use Botdoc for free for 60 days to help community bankers begin securely exchanging documents within 15 minutes, even when working remotely.

    Visit Partner Site

    Venminder

    COVID-19 and TPRM Consideration Resources website offers a wide range of resources including webinars, articles, checklists, and more.

    Visit Partner Site

    CRiskCo

    ICBA member banks may white-label and deploy the system in under a week to support virtual meetings with free access from March 1 through June 30.

    Visit Partner Site

    DefenseStorm

    Cybersecurity services provide monitoring and proactive KnowBe4 training tools to protect against phishing attempts to ensure safety and soundness is maintained.

    Visit Partner Site

    Ncontracts

    Ncontracts's pandemic/business continuity resource page contains educational materials and Ncontinuity, the comprehensive Business Continuity Management tool, has been updated with workflow tools specific to the pandemic.

    Visit Partner Site

    Quantivate

    Quantivate has developed a Pandemic Plan Template that includes a plan structure overview, pandemic planning phases, planning checklists for executive, operations, and more.

    Visit Partner Site

    Iron Mountain

    Digital document management and timely destruction.

    Visit Partner Site

    Deluxe

    Provides content from experienced community bank C-suite members to help community banks prepare for and navigate what is on the near-term horizon.

    Visit Partner Site

    Griffin Technologies

    Via behavioral insights and search keyword re-targeting, Griffin Technologies provides community banks an affordable option to reach small business owners searching for small business loans and similar services.

    Visit Partner Site

    In/Pact

    White labeled, our platform can be branded by the ICBA member bank and they can feature specific local charities such as food banks that are helping those most affected by COVID-19.

    Visit Partner Site

    KapitalWise

    KapitalWise artificial intelligence (AI) platform analyzes data from a variety of sources with the goal of detecting changes in their financial condition, predicting their characteristics and preferences.

    Visit Partner Site

    Kasasa

    Kasasa will waive monthly licensing fees on website and online account opening solutions for new banks joining through June 1, 2020.

    Visit Partner Site

    Avannis

    With the COVID-19 crisis, banks currently utilizing their ICBA membership benefit receive programs including sensitive and understanding verbiage, followed by a commitment and desire to keep the lines of communication open.

    Visit Partner Site

    Main Street Inc.

    Sample social post copy, downloadable imges, and resource links to communicate with account holders.

    Visit Partner Site

    Dell

    Dell offers “Work From Home Bundle Specials” that include 5% discounts on commonly used telecommuting equipment.

    Visit Partner Site

    VGM Forbin

    Ringcentral communication platform allows remote phone systems and video conferencing capabilities with remote roll-outs within 24-48 hours.

    Visit Partner Site

    Agora Services

    To help community banks during COVID-19, we have waited our setup fee and will defer billing for three months.

    Visit Partner Site

    Fintel Connect

    We work with the banks to acquire new customers for the digital account opening products on a performance basis.

    Visit Partner Site

    Finzly

    Finzly is offering a free account opening solution for community banks to enable customers to continue receiving their banking services.

    Visit Partner Site

Contact Us