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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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CFPB proposes servicing changes to prevent foreclosures

The Consumer Financial Protection Bureau proposed a set of rules changes to prevent foreclosures as emergency protections expire.
April 06, 2021 | ICBA NewsWatch Today   Compliance 

Credit union hearing push intensifies

ICBA is encouraging community bankers to call on Congress to hold hearings on credit union acquisitions of taxpaying community banks.
April 05, 2021 | ICBA NewsWatch Today   Credit Unions 

IRS issues Employee Retention Credit guidance

The IRS issued guidance for employers claiming the Employee Retention Credit for the first and second quarters of 2021.
April 05, 2021 | ICBA NewsWatch Today   Taxes & Budget 

ICBA backs estate tax repeal bill

ICBA and other groups thanked Sen. John Thune (R-S.D.) and Reps. Jason Smith (R-Mo.) and Sanford Bishop (D-Ga.) for introducing legislation to permanently repeal the estate tax, which taxes the value of an estate at the time of death.
April 05, 2021 | ICBA NewsWatch Today   Taxes & Budget 

Visa Global Economic Insights (March 2021)

Last year as millions sheltered at home, e-commerce proved crucial to keeping retail sales flowing. Now, as outbreaks begin to subside and mobility returns, e-commerce’s share of total sales has fallen from its 2020 peak, raising questions about the lasting impact of the abrupt shift to e-commerce.
April 05, 2021 | News  

ICBA urges hearings following major credit union acquisition

Following the announcement of the largest-ever credit union purchase of a community bank, ICBA renewed its call for policymakers to investigate credit union acquisitions of community banks.
April 03, 2021 | ICBA NewsWatch Today   Credit Unions 

CFPB ‘warns’ mortgage servicers about foreclosure wave

The Consumer Financial Protection Bureau “warned” mortgage servicers to take all necessary steps to prevent a wave of foreclosures this fall.
April 02, 2021 | ICBA NewsWatch Today   Compliance 

Senate bill would tax capital gains at time of death

Sen. Chris Van Hollen (D-Md.) and several other Democratic senators this week introduced legislation that would require estates to pay capital gains tax before assets are distributed to heirs, with an exemption for the first $1 million of capital gains.
April 02, 2021 | ICBA NewsWatch Today   Taxes & Budget 

FinCEN begins implementing new reporting provisions

The Financial Crimes Enforcement Network is seeking public comment by May 5 on implementing new beneficial ownership information requirements.
April 02, 2021 | ICBA NewsWatch Today   Compliance 

FS-ISAC Coronavirus Update, April 2, 2021

While some sectors are back to their pre-pandemic employment levels, the overall US economy still has more than 8 million fewer jobs than it did before Covid-19 related job losses started a year ago.
April 02, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

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