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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 comments on computer security incident notification requirement

ICBA submitted a comment letter in response to a notice of proposed rulemaking requiring banks to notify their primary federal regulator within 36 hours of a computer-security incident.
April 13, 2021 | ICBA NewsWatch Today   Cybersecurity 

Powell talks economy, digital currencies

Federal Reserve Chairman Jerome Powell said the economy is at an “inflection point” and could experience rapid growth upwards of 6 percent or 7 percent this year in an interview on CBS’ 60 Minutes.
April 13, 2021 | ICBA NewsWatch Today   Digital Assets Payments 

Biden to nominate national cyber director and CISA director

President Joe Biden announced his intent to nominate Chris Inglis as National Cyber Director and Jen Easterly as the Director of the Cybersecurity and Infrastructure Agency.
April 13, 2021 | ICBA NewsWatch Today   Cybersecurity 

FS-ISAC Coronavirus Update, April 13, 2021

The US reported an 8% rise in new cases to 490,000 last week, the fourth week in a row that infections have increased, according to a Reuters analysis of state and county data released Monday.
April 13, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

Visa U.S. Economic Outlook (April 2021)

Over the last month, the contours of growth for 2021 came into sharper focus. Nonfarm employment rose by 916,000 in March, while consumer confidence hit its highest mark since the start of the pandemic.
April 13, 2021 | News  

FDIC seeks input on modernizing sign, ad rules

The FDIC said it is seeking input on potentially modernizing its sign and advertising requirements related to FDIC deposit insurance to better reflect how banks and consumers operate.
April 12, 2021 | ICBA NewsWatch Today   Compliance 

Agencies issue joint statement on BSA/AML compliance

Federal regulators issued a joint statement addressing how risk management principles in “Supervisory Guidance on Model Risk Management” relate to banking systems or models designed for Bank Secrecy Act compliance.
April 12, 2021 | ICBA NewsWatch Today   BSA/AML Compliance 

ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers

ICBA called on the USDA to ensure lenders are compensated for lost income as it prepares to pay off direct and guaranteed farm loans held by Socially Disadvantaged Farmers and Ranchers.
April 12, 2021 | ICBA NewsWatch Today   Agriculture 

Fed issues ‘synthetic identity fraud’ definition

The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group.
April 09, 2021 | ICBA NewsWatch Today   Cybersecurity 

ICBA urges improvements to EIP delivery

ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments.
April 09, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

FS-ISAC Coronavirus Update, April 9, 2021

About a quarter of adults in the US - more than 66 million people - are now fully vaccinated against Covid-19, according to data published Thursday by the Centers for Disease Control and Prevention.
April 09, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

IRS disburses another 25M EIPs

The IRS and Treasury Department said they are disbursing more than 25 million payments in the fourth batch of Economic Impact Payments under the American Rescue Plan.
April 08, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA expands Financial Literacy Month resources

ICBA added more Financial Literacy Month resources to its "Tell Your Story" marketing and communications toolkit to help community banks celebrate in April.
April 08, 2021 | ICBA NewsWatch Today  

CFPB proposes delaying debt collection rules

The Consumer Financial Protection Bureau proposed delaying the effective date of two recent debt collection rules to provide more time to comply.
April 08, 2021 | ICBA NewsWatch Today   Compliance Compliance 

FS-ISAC Coronavirus Update, April 8, 2021

The US is currently averaging 785 daily deaths over the last seven days - down 21% since last week, according to data compiled by Johns Hopkins University, and the country is reporting 64,766 average daily cases over the last week – which was down 3%.
April 08, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

FS-ISAC Coronavirus Update, April 7, 2021

Following a dip in daily case numbers due to Easter Sunday, when many states did not report coronavirus data, a Johns Hopkins University tracker shows the US recorded about 79,000 new Covid-19 cases on Monday, with the seven-day average currently at 64,600.
April 07, 2021 | News   Advocacy Operational Risk Crisis Preparedness 

ICBA, Coalition Oppose New Restrictions on Fannie, Freddie

The Independent Community Bankers of America (ICBA) and other financial, mortgage, and civil rights groups today are calling on the Treasury Department and Federal Housing Finance Agency to delay and withdraw new product restrictions on Fannie Mae and Freddie Mac.
April 07, 2021 | Press Release   Housing Finance/GSEs 

SBA warns of PPP funding crunch

The SBA is warning Congress that the recently extended Paycheck Protection Program is starting to run low on funds with nearly two months left for borrowers to apply.
April 07, 2021 | ICBA NewsWatch Today  

ICBA urges delay in GSE product restrictions

ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae and Freddie Mac.
April 07, 2021 | ICBA NewsWatch Today   Housing Finance/GSEs 

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