Cannabis banking bill reintroduced in Senate

Mar 24, 2021 | NewsWatch Today Article
ICBA-advocated legislation to establish a cannabis-banking safe harbor in states where cannabis is legal was reintroduced in the Senate following House introduction last week.

Large payments companies move to single exam

Mar 24, 2021 | NewsWatch Today Article
The Conference of State Bank Supervisors said 13 nationwide payments firms have undergone or are undergoing their single comprehensive exams during the first quarter as part of the "One Company, One Exam" program.

ICBA urges OCC to withdraw bank premises proposal

Mar 24, 2021 | NewsWatch Today Article
ICBA and other groups called on the OCC to withdraw a proposed rule to impose a rules-based approach to what national banks and federal savings associations can do with their buildings, land, and facilities.

FS-ISAC Coronavirus Update, March 24, 2021

Mar 24, 2021 | Coronavirus Update
Treasury Secretary Janet Yellen painted an optimistic picture of the economy Tuesday, saying that while 10 million people still remain jobless, "we may see a return to full employment next year."

Visa Prepaid Manual Cash Advances (March 2021)

Mar 23, 2021 | News
Visa requires that all U.S. Visa bank branches must honor and enable cash disbursements for all valid Visa Prepaid cards, whether or not the card is embossed or personalized with the cardholder’s name.

Senate taking up PPP extension this week

Mar 23, 2021 | NewsWatch Today Article
With the Senate expected to vote this week on House-passed legislation to extend the Paycheck Protection Program, ICBA is urging community bankers to contact their senators in support

SBA updates PPP forms to implement changes

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

FS-ISAC Coronavirus Update, March 23, 2021

Mar 23, 2021 | Coronavirus Update
The second batch of Covid-19 stimulus checks will be issued this week, the Biden administration announced Monday, with many of the payments expected to come via paper check or prepaid debit card and additional batches will be made weekly going forward.

ICBA: Community Banks Proudly Serve Rural America

Mar 23, 2021 | Press Release
The Independent Community Bankers of America (ICBA) and the nation’s community banks are celebrating the contributions of America’s local farmers, ranchers and agricultural enterprises during National Ag Day.

BPI, ABA, ICBA Urge OCC to Withdraw Bank Premises Proposal Amid Uncertain Post-Pandemic Office Reality

Mar 23, 2021 | Press Release
BPI, the American Bankers Association and the Independent Community Bankers of America sent a joint comment letter calling on the OCC to withdraw its Notice of Proposed Rulemaking on National Bank and Federal Savings Association Premises.

ICBA urging grassroots on rural lending tax relief

Mar 22, 2021 | NewsWatch Today Article
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 Article
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 Article
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 Article
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 Article
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 Article
Two new Nacha rules take effect today on Same Day ACH and account validation.

FS-ISAC Coronavirus Update, March 19, 2021

Mar 19, 2021 | Coronavirus Update
Covid-19 cases are rising by more than 10% in 14 states this week compared to last week, with half of those states rising by more than 20%, and while nationally the number of new cases has continued to decline the trend is not down for all states.

ICBA Supports Bill to Establish Cannabis Banking Safe Harbor

Mar 18, 2021 | Press Release
The Independent Community Bankers of America today expressed support for bipartisan legislation that would establish a safe harbor from federal sanctions for financial institutions that serve cannabis-related businesses in states where cannabis is legal.