90M EIPs disbursed this week

Mar 18, 2021 | NewsWatch Today Article
The Treasury Department and IRS said they disbursed roughly 90 million Economic Impact Payments this week.

ICBA backs bill offering rural lending tax relief

Mar 18, 2021 | NewsWatch Today Article
ICBA expressed support for legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.

ICBA urging grassroots outreach on PPP reform

Mar 18, 2021 | NewsWatch Today Article
ICBA is urging community bankers to use its Be Heard grassroots action center to urge their members of Congress to make needed changes to the Paycheck Protection Program if it is extended beyond March 31.

FS-ISAC Coronavirus Update, March 18, 2021

Mar 18, 2021 | Coronavirus Update
Approximately 90 million stimulus checks have been disbursed to Americans, the Department of Treasury, Internal Revenue Service, and the Bureau of the Fiscal Service announced Wednesday, totaling over $242 billion in payments.

ICBA Supports Bill Offering Tax Relief for Rural Lending

Mar 17, 2021 | Press Release
The Independent Community Bankers of America today said it strongly supports the Enhancing Credit Opportunities in Rural America Act to support farmers, ranchers and rural homeowners.

House passes PPP extension with Senate outlook in question

Mar 17, 2021 | NewsWatch Today Article
The House voted 415-3 to pass ICBA-supported legislation to extend the Paycheck Protection Program, though the Senate outlook remains unclear.

EIPs start depositing today

Mar 17, 2021 | NewsWatch Today Article
The first tranche of new Economic Impact Payments sent through the ACH Network is effective today. In a joint statement, ICBA and other financial services groups clarified that the March 17 payment date was chosen by the IRS—not the banking industry.

FS-ISAC Coronavirus Update, March 17, 2021

Mar 17, 2021 | Coronavirus Update
Nearly 111 million doses of Covid-19 vaccine have been administered in the US, according to data published Tuesday by the US Centers for Disease Control and Prevention.

PPP loans reaching smallest borrowers: SBA data

Mar 16, 2021 | NewsWatch Today Article
The current round of the Paycheck Protection Program is successfully reaching smaller borrowers, according to recent data from the SBA.

Farm banks remain strong amid ag challenges: FDIC

Mar 16, 2021 | NewsWatch Today Article
Farm banks are vital to U.S. agricultural producers and rural communities, holding 44 percent of bank-held agricultural loans despite holding just 2 percent of U.S. bank loans, according to a new FDIC report.

ICBA ThinkTECH Innovation Showcase today

Mar 16, 2021 | NewsWatch Today Article
ICBA today is hosting a showcase of 2021 ICBA ThinkTECH Accelerator participants and their new technologies available to community banks.

FBI warns of cryptocurrency theft threat

Mar 15, 2021 | NewsWatch Today Article
The FBI said federal charges against three computer programmers linked to the North Korean government illustrate the appeal of cryptocurrency markets and exchanges for theft and fraud.

ICBA: Two-tiered deadline will ensure SBA clears PPP loans on hold

Mar 15, 2021 | NewsWatch Today Article
ICBA thanked policymakers for introducing The PPP Extension Act of 2021, which pushes the application deadline until May 31 and creates a second deadline of June 30 for the Small Business Administration to clear the thousands of Paycheck Protection Program loan applications in process.

SBA updates PPP guidance

Mar 15, 2021 | NewsWatch Today Article
The Small Business Administration on Friday updated its frequently asked questions as well as its guidance concerning how to calculate revenue reduction and maximum loan amounts for first- and second-draw Paycheck Protection Program loans.

Agencies propose private flood insurance Q&As

Mar 12, 2021 | NewsWatch Today Article
Federal regulators requested comments on 24 proposed interagency questions and answers regarding private flood insurance.

CFPB rescinds abusiveness policy statement

Mar 12, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau said it is rescinding its January 2020 “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”

ICBA ThinkTECH Showcase Spotlights Innovative Community Bank Solutions

Mar 12, 2021 | Press Release
ICBA, in partnership with The Venture Center, will host the ICBA ThinkTECH Showcase — a virtual event to unveil the latest technological solutions of the 2021 ThinkTECH Accelerator cohort.

New round of EIPs starts today

Mar 12, 2021 | NewsWatch Today Article
The IRS said it will begin distributing the third round of Economic Impact Payments today, with an effective entry date of this Wednesday, March 17.

Congress approves stimulus plan

Mar 11, 2021 | NewsWatch Today Article
ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress passed and President Joe Biden is expected to sign into law soon.

ICBA testifies: Don't leave PPP applicants stranded

Mar 11, 2021 | NewsWatch Today Article
The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, ICBA community banker Alice P. Frazier told the House Small Business Committee