ICBA to OCC: Rescind charter policy shift

Jun 2, 2021 | NewsWatch Today
ICBA and other groups wrote to request the OCC rescind its interpretive letter expanding eligibility to apply for a national trust charter as well as the conditional charter approvals for Anchorage Digital Bank, Paxos National Trust and Protego Trust Bank.

GAO urges agency collaboration re: alternative data use

Jun 2, 2021 | NewsWatch Today
The Government Accountability Office reissued its recommendation to the FDIC for enhanced collaboration with other financial regulators concerning the use of alternative data in credit underwriting.

ICBA Offers Tips to Help Demystify the Home Buying Process

Jun 1, 2021 | Press Release
In recognition of National Homeownership Month in June, ICBA and the nation’s community banks are reminding consumers to consult their local community bank to learn about programs that can make homeownership easier and more affordable

ICBA, Independent Banker Spotlights Community Bank Emerging Leaders in Annual 40 under 40 List

Jun 1, 2021 | Press Release
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America, announced its 40 Under 40: Emerging Community Bank Leaders.

PPP funding exhausted as loan application deadline passes

Jun 1, 2021 | NewsWatch Today
The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was enacted.

Fed proposes changes to intraday credit policy

Jun 1, 2021 | NewsWatch Today
The Federal Reserve Board requested public comment on proposed changes to its policy governing the provision of intraday credit, or daylight overdrafts, to healthy institutions with accounts at the Federal Reserve Banks.

Event on LIBOR transition next week

Jun 1, 2021 | NewsWatch Today
The Alternative Reference Rates Committee said it is holding an event next week on the impact of the transition from LIBOR to the Secured Overnight Financing Rate on the derivatives market.

FS-ISAC Coronavirus Update, June 2, 2021

Jun 1, 2021 | Coronavirus Update
With about 34,500 new cases reported last week, the US saw the lowest number of weekly Covid-19 cases among children since early October, the American Academy of Pediatrics said Tuesday.

Remove GSE product restrictions: ICBA, minority bank council

May 28, 2021 | NewsWatch Today
ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen negotiations over the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac.

ICBA updates data privacy guide

May 28, 2021 | NewsWatch Today
ICBA this week released an updated guide for community banks on data privacy laws and regulations. The guide is available here and in the Cyber and Data Security Mitigation section of ICBA’s Operational Risk resource center.

CFPB: Manufactured housing borrowers have higher interest rates

May 28, 2021 | NewsWatch Today
Roughly 42 percent of loans for manufactured homes are secured by “chattel” loans secured by the home but not the land, according to a report from CFPB.

ICBA, Minority Bank Council: Housing Finance Amendments Hurt Low-Income, Minority Borrowers

May 27, 2021 | Press Release
ICBA and its Minority Bank Advisory Council urged the Treasury Department and Federal Housing Finance Agency to reopen negotiations over amendments to the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac that would limit purchases of certain types of loans.

ICBA releases new banklocally.org video

May 25, 2021 | NewsWatch Today
ICBA released its latest video in a series on how community banks have partnered with small businesses during the pandemic to help them navigate the Paycheck Protection Program.

ICBA urges House to oppose ‘true lender’ repeal

May 25, 2021 | NewsWatch Today
ICBA and other groups today are urging House members to oppose a Senate-passed resolution to repeal the OCC’s “true lender” rule.

FS-ISAC Coronavirus Update, May 24, 2021

May 24, 2021 | Coronavirus Update
A new study conducted between April and May led by Public Health England has found that two doses of either the Pfizer-BioNTech or AstraZeneca-University of Oxford vaccine gives effective protection against the Covid variant first discovered in India.

Voting open for People's Choice Award videos

May 24, 2021 | NewsWatch Today
Community bankers can now vote on ICBA’s National Community Bank Service Awards People's Choice Award videos.

OCC finalizes rule on collective investment funds

May 24, 2021 | NewsWatch Today
The OCC finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable.

USDA to begin paying off direct loans to minority farmers

May 24, 2021 | NewsWatch Today
The USDA announced the initial phase of plans to pay off USDA direct loans to socially disadvantaged (SDA) farmers and ranchers. It will subsequently announce its process for paying off guaranteed loans.

FS-ISAC Coronavirus Update, May 21, 2021

May 21, 2021 | Coronavirus Update
The Washington state Department of Health is announcing the closure of two of its four mass vaccination sites; coming as the state has vaccinated nearly 40% of its population.

Treasury proposes crypto tax reporting requirements

May 21, 2021 | NewsWatch Today
The Treasury Department proposed tax reporting requirements on cryptocurrencies in a new report on the administration’s American Families Plan.