CISA call today on Microsoft vulnerability

Mar 5, 2021 | NewsWatch Today Article
The Cybersecurity and Infrastructure Security Agency is hosting a conference call at noon (Eastern time) today on the active exploitation of a vulnerability in Microsoft Exchange Server 2013, 2016, and 2019

New Same Day ACH window in effect this month

Mar 5, 2021 | NewsWatch Today Article
Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes effect on at 4:45 p.m. (Eastern time) Friday, March 19.

Treasury launches $9B CDFI, MDI program

Mar 5, 2021 | NewsWatch Today Article
The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.

FS-ISAC Coronavirus Update, March 5, 2021

Mar 5, 2021 | Coronavirus Update
The average number of vaccine doses being administered across the US per day topped two million for the first time on Wednesday, according to data from the Centers for Disease Control and Prevention, up from an average of about 1.3 million a month ago.

ICBA Expands Preferred Service Provider Relationship with QwickRate to include its IntelliCredit Offering

Mar 4, 2021 | Press Release
The ICBA today announced that its Preferred Service Provider relationship with QwickRate LLC now includes its IntelliCredit loan review and credit intelligence solutions, which are designed to help community banks better detect and manage credit risk.

SBA issues new PPP rule, applications

Mar 4, 2021 | NewsWatch Today Article
The SBA released its new interim final rule and new application forms implementing Paycheck Protection Program changes for sole proprietors and other borrowers that file IRS Form 1040, Schedule C. An SBA webinar on the updates is scheduled for today.

Romero Rainey: ICBA pressing PPP reforms

Mar 4, 2021 | NewsWatch Today Article
While Congress is fast-tracking the next stimulus package, problems with existing recovery programs remain unaddressed, ICBA President and CEO Rebeca Romero Rainey wrote in an op-ed this week.

CFPB proposes delaying new QM rule

Mar 4, 2021 | NewsWatch Today Article
The Consumer Financial Protection Bureau proposed delaying the mandatory compliance date of its general Qualified Mortgage final rule from July 1, 2021, to Oct. 1, 2022.

FS-ISAC Coronavirus Update, March 4, 2021

Mar 4, 2021 | Coronavirus Update
About 80.5 million doses of Covid-19 vaccine have been administered in the US, according to data published Wednesday by the US Centers for Disease Control and Prevention.

FS-ISAC Coronavirus Update, March 3, 2021

Mar 3, 2021 | Coronavirus Update
Ramped up vaccination rates and the arrival of a new vaccine from Johnson & Johnson are making economists optimistic about their forecast for a strong economic rebound in the summer.

Community Bankers to Convene for ICBA Connect

Mar 2, 2021 | Press Release
The Independent Community Bankers of America announced a first-of-its kind team-focused virtual banking conference designed to address the unique challenges and opportunities facing the nation’s community banks.

Meeting with constituents during CUNA’s virtual GAC? Here are some things to consider.

Mar 2, 2021 | News
Credit unions were created and granted a substantial tax exemption to serve “people of modest means.” However, fewer than 20 percent of credit unions are physically located in an economically distressed area and only 27 percent are in low- and moderate-income areas.

SBA: New PPP rule coming soon

Mar 2, 2021 | NewsWatch Today Article
The SBA said it will "soon" publish a new Paycheck Protection Program interim final rule and issue a new application for Schedule C filers. Until then, it issued the following considerations:

Romero Rainey named one of Washington's most influential

Mar 2, 2021 | NewsWatch Today Article
ICBA President and CEO Rebeca Romero Rainey was named one of Washington's most influential people by Washingtonian magazine.

Fed issues continuity tips for storm season

Mar 2, 2021 | NewsWatch Today Article
In a new post, the Federal Reserve provided resources on pre-storm planning, storm watching, and post-storm procedures

IRS issues guidance on employee retention credit

Mar 2, 2021 | NewsWatch Today Article
The IRS issued guidance for employers claiming the employee retention tax credit under the CARES Act. The guidance includes clarifications and describes retroactive changes relating to expanded eligibility.

FS-ISAC Coronavirus Update, March 2, 2021

Mar 2, 2021 | Coronavirus Update
he $900 billion Covid relief bill passed in December with $600 stimulus checks and extra unemployment benefits, helped lift about 1.6 million Americans out of poverty in January, according to economists at the University of Chicago and the University of Notre Dame.

SBA: PPP changes effective this week

Mar 1, 2021 | NewsWatch Today Article
The SBA this week plans to issue an interim final rule detailing and implementing pending changes to the Paycheck Protection Program.

ICBA summarizes new House-passed stimulus plan

Mar 1, 2021 | NewsWatch Today Article
ICBA released a summary of the House version of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which the House passed Saturday on a nearly party-line vote.

Bill would expand farm partnership access to PPP

Mar 1, 2021 | NewsWatch Today Article
ICBA-supported legislation allowing farmers and ranchers categorized as partnerships to use gross income to calculate maximum Paycheck Protection Program loan amounts was introduced in the House.