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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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ICBA seeks more gradual increase of same-day ACH limits

ICBA said it supports Nacha's plan to raise the individual same-day ACH transaction limit from $100,000 to $1 million in 2022. However, ICBA urged Nacha to assess the impact of such an increase before proceeding with its plan to remove dollar limits altogether in 2024.
January 25, 2021 | ICBA NewsWatch Today   Compliance Payments 

FS-ISAC Coronavirus Update, Jan. 22, 2021

The US Centers for Disease Control and Prevention reported on Friday that 1.6 million more COVID-19 vaccines have been given out, the biggest single-day increase yet reported.
January 22, 2021 | News   Advocacy Operational Risk Crisis Preparedness Risk 

Biden names acting agency heads

President Joe Biden named agency heads serving in an acting capacity until permanent leadership is confirmed by the Senate.
January 22, 2021 | ICBA NewsWatch Today   Consumer Financial Protection Bureau Federal Reserve Department of Treasury 

ICBA urges OCC to rescind CRA survey

ICBA encouraged the OCC to rescind its proposal to require national banks over $2.5 billion in assets to complete an Information Collection Survey to establish benchmarks for its 2020 Community Reinvestment Act rule.
January 22, 2021 | ICBA NewsWatch Today   CRA OCC 

Biden expected to tap Michael Barr to head OCC

President Joe Biden is expected to nominate former Treasury Department official Michael Barr for comptroller of the currency, according to reports from Politico and other news outlets citing anonymous sources.
January 22, 2021 | ICBA NewsWatch Today   OCC 

IRS confirms SBA 7(a) payments no longer taxable income

The IRS this week issued guidance clarifying that SBA payments on existing 7(a) and 504 loans under Section 1122 of the CARES Act are no longer considered taxable income to the borrower.
January 22, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness 

Kraninger steps down from CFPB

Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration.
January 21, 2021 | ICBA NewsWatch Today   Consumer Financial Protection Bureau 

FS-ISAC Coronavirus Update, Jan. 21, 2021

The U.S. reported 4,409 COVID-related deaths on Wednesday, the highest number of daily fatalities on record, according to this latest coronavirus update from FS-ISAC.
January 21, 2021 | News   Advocacy Operational Risk Crisis Preparedness Risk 

PPP resources available directly from SBA

Community bankers have reported problems with NewsWatch Today links to the SBA's Paycheck Protection Program resources, including application forms and rules.
January 21, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA Welcomes President Joe Biden

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the inauguration of Joe Biden as the 46th president of the United States.
January 20, 2021 | Press Release   Advocacy 

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