FS-ISAC Coronavirus Update, Feb. 26, 2021

Feb 26, 2021 | Coronavirus Update
ollowing are today’s major Headlines, US Snapshots, US Vaccinations, US Variant Cases, key Highlights, the “Good Stuff” as well as key Statistics, Vaccine and Treatment information, US Restrictions and the Back to Normal Index related to the novel coronavirus pandemic.

COVID Relief Package Should Include USDA Business & Industry (B&I) Funding

Feb 25, 2021 | Letters to Regulators
The B&I program is expected to exhaust current funding in the next few months and faces a projected $1 billion shortfall in loan authority this fiscal year. This program is vital to sustaining rural businesses and job creation.

Oconee State Bank Taps FINBOA to Automate Back-Office Workflows

Feb 25, 2021 | Industry News From Corporate Members

Fed payment services back up following disruption

Feb 25, 2021 | NewsWatch Today Article
Federal Reserve payment services are back online following a three-hour disruption yesterday that the Fed attributed to "operational error."

PPP small borrower window opens, other reforms effective next week

Feb 25, 2021 | NewsWatch Today Article
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.

ICBA urges crop insurance support

Feb 25, 2021 | NewsWatch Today Article
ICBA and other groups urged policymakers to protect crop insurance from harmful cuts as they develop the fiscal 2022 budget.

FinCEN issues advisory on EIP fraud

Feb 25, 2021 | NewsWatch Today Article
The Financial Crimes Enforcement Network issued an advisory to alert financial institutions to fraud and other financial crimes related to Economic Impact Payments.

What I Have in Common with Matthew McConaughey: We Both Reinvented Our Careers

Feb 24, 2021 | ICBA Connect Articles
ICBA Connect is a virtual experience that is designed to energize, inspire and bring community banking teams together. And to magnify that energy, our goal has been to engage community bankers at every level.

Community banks again outperform industry: FDIC

Feb 24, 2021 | NewsWatch Today Article
Community banks reported net income growth of 21.2 percent in the fourth quarter from a year ago and a 3.6 percent increase in 2020 from the year before, according to the FDIC's Quarterly Banking Profile.

CFPB announces plans to rethink QM rules

Feb 24, 2021 | NewsWatch Today Article
​The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance date.

ICBA urges garnishment exemption for EIPs

Feb 24, 2021 | NewsWatch Today Article
ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.

FS-ISAC Coronavirus Update, Feb. 23, 2021

Feb 24, 2021 | Coronavirus Update
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.

ICBA Encourages Americans to Celebrate Saving

Feb 23, 2021 | Press Release
During America Saves Week, the Independent Community Bankers of America reminds consumers that building a nest egg can help alleviate stress and provide additional financial security during times of uncertainty.

PPP reforms target smallest businesses

Feb 23, 2021 | NewsWatch Today Article
The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.

ICBA urges funding for rural development programs

Feb 23, 2021 | NewsWatch Today Article
ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill.

Agencies announce relief for Texas winter storms

Feb 23, 2021 | NewsWatch Today Article
Federal and state agencies announced relief to institutions and taxpayers affected by this month's winter storms in Texas and other states.

FS-ISAC Coronavirus Update, Feb. 22, 2021

Feb 23, 2021 | Coronavirus Update
President Joe Biden on Monday criticized the Paycheck Protection Program because small businesses struggled to get loans that instead went to larger companies, and announced a 14-day exclusive loan program using PPP funds for businesses with under 20 employees to apply for financial assistance.

Agencies finalize call report threshold relief

Feb 22, 2021 | NewsWatch Today Article
Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.

Fed's Powell testifying this week

Feb 22, 2021 | NewsWatch Today Article
Federal Reserve Chairman Jerome Powell is slated to testify this week before the Senate Banking Committee and House Financial Services Committee on the agency's Semiannual Monetary Policy Report.

Minority bank webinar on evaluating capital opportunities

Feb 22, 2021 | NewsWatch Today Article
ICBA, ICBA Securities, and Vining Sparks are hosting a complimentary webinar for FDIC-designated Minority Depository Institutions on evaluating unsolicited interest from investors to provide capital and funding.