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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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FS-ISAC Coronavirus Update, June 11, 2021

As the G7 summit kicks off, the US has pledged 500 million doses of vaccine to be given to lower-income countries to help combat the coronavirus pandemic.
June 11, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

Fed outlines instant payments fraud considerations

The Federal Reserve released an article on fraud management considerations to evaluate when preparing for instant payments
June 10, 2021 | ICBA NewsWatch Today   Data Security/Fraud Payments 

IRS issues another 2.3M EIPs

The IRS said it disbursed more than 2.3 million additional Economic Impact Payments over the past two weeks. The latest batch includes those with official payment dates through June 9.
June 10, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA to Congress: Postal banking not the answer

ICBA told Congress that postal banking is not the solution to reaching more unbanked Americans and lawmakers should reject such proposals.
June 10, 2021 | ICBA NewsWatch Today   Government Banks Postal Service Banking 

FS-ISAC Coronavirus Update, June 10, 2021

The seven-day average of daily US infections held below 15,000 as of Tuesday, according to data compiled by Johns Hopkins University, down 17% from a week ago and a level not seen since the early days of the pandemic.
June 10, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

FS-ISAC Coronavirus Update, June 9, 2021

Declines in US Covid-19 cases, emergency department visits, hospital admissions and deaths were largest in age groups that were most vaccinated. according to a new CDC-published study.
June 09, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

Crapo challenges new bank IRS reporting proposal

Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) pushed back against a Biden administration proposal that would require financial institutions to report information on account flows to the IRS.
June 09, 2021 | ICBA NewsWatch Today   Lending 

ICBA continues push against House ‘true lender’ repeal

ICBA and other groups again urged in a joint letter to House members their opposition to a Senate-passed resolution to repeal the OCC’s “true lender” rule.
June 09, 2021 | ICBA NewsWatch Today   Lending 

Swap guidance continues LIBOR transition

A Commodity Futures Trading Commission panel recommended best practices for switching interdealer trading conventions from LIBOR to the Secured Overnight Financing Rate in U.S. dollar interest rate swaps.
June 09, 2021 | ICBA NewsWatch Today   Lending LIBOR 

CFPB issues FAQ on EFT and Reg E

The Consumer Financial Protection Bureau issued frequently asked questions on unauthorized transfer and error resolution provisions under the Electronic Fund Transfer Act and Regulation E.
June 08, 2021 | ICBA NewsWatch Today   Compliance Compliance 

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