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PPP funding exhausted as loan application deadline passes
PPP funding exhausted as loan application deadline passes The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was...
Fed proposes changes to intraday credit policy
Fed proposes changes to intraday credit policy The Federal Reserve Board requested public comment on proposed changes to its policy governing the provision of intraday credit, or daylight...
Event on LIBOR transition next week
Event on LIBOR transition next week 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...
FS-ISAC Coronavirus Update, June 2, 2021
FS-ISAC Coronavirus Update, June 2, 2021 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...
Remove GSE product restrictions: ICBA, minority bank council
Remove GSE product restrictions: ICBA, minority bank council ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen...
ICBA releases new banklocally.org video
ICBA releases new banklocally.org video 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...
USDA to begin paying off direct loans to minority farmers
USDA to begin paying off direct loans to minority farmers The USDA announced the initial phase of plans to pay off USDA direct loans to socially disadvantaged (SDA) farmers and ranchers. It will...
OCC reconsidering CRA final rule
OCC reconsidering CRA final rule ICBA expressed support for an OCC announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection. ICBA expressed support...
NCUA chairman seeks CUSO oversight authority
NCUA chairman seeks CUSO oversight authority The head of the National Credit Union Administration is scheduled to testify today on behalf of ICBA-supported legislation to expand oversight of...
FS-ISAC Coronavirus Update, May 19, 2021
FS-ISAC Coronavirus Update, May 19, 2021 Dr. Anthony Fauci said Tuesday that the nation is on track to begin vaccinating children under 12 before next year. Headlines The Department of Defense...
FDIC requests comments on digital assets
FDIC requests comments on digital assets The FDIC requested comments within 60 days about insured depository institutions’ current and potential digital asset activities. The FDIC requested...
Voting open for People's Choice Award videos
Voting open for People's Choice Award videos Community bankers can now vote on ICBA’s National Community Bank Service Awards People's Choice Award videos. Community bankers can now vote on ICBA’s...
OCC finalizes rule on collective investment funds
OCC finalizes rule on collective investment funds The OCC finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested...
FS-ISAC Coronavirus Update, May 21, 2021
FS-ISAC Coronavirus Update, May 21, 2021 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%...
Treasury proposes crypto tax reporting requirements
Treasury proposes crypto tax reporting requirements The Treasury Department proposed tax reporting requirements on cryptocurrencies in a new report on the administration’s American Families Plan....
Fed releasing CBDC paper this summer: Powell
Fed releasing CBDC paper this summer: Powell Federal Reserve Board Chair Jerome Powell said the Fed is planning a discussion paper for this summer on the possibility of issuing a U.S. central bank...
$5B left in PPP funds for certain institutions
$5B left in PPP funds for certain institutions The Small Business Administration said there is approximately $5 billion remaining in Paycheck Protection Program funds set aside for certain...
ICBA Supports OCC Reconsidering CRA Rule
ICBA supports the Office of the Comptroller of the Currency announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection.
Custom op-ed counters credit union-bank acquisitions
Custom op-ed counters credit union-bank acquisitions ICBA continues to offer a customizable op-ed and updated talking points that community bankers can use to raise awareness of credit union...
FS-ISAC Coronavirus Update, May 18, 2021
FS-ISAC Coronavirus Update, May 18, 2021 President Biden announced today that the US will share at least 20 million doses of vaccines produced by Pfizer-BioNTech, Moderna and Johnson & Johnson for...
ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger
ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH...
CFPB updates TRID rule FAQs
CFPB updates TRID rule FAQs The Consumer Financial Protection Bureau issued additional frequently asked questions on its TILA-RESPA integrated disclosure rule. The Consumer Financial Protection...
Fed again extends rule allowing PPP loans to directors
Fed again extends rule allowing PPP loans to directors The Federal Reserve Board for the third time extended its rule allowing certain bank directors and shareholders to apply to their banks for...
ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger Proposal
ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger Proposal ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA...
ICBA issues custom op-ed opposing public banking
ICBA issues custom op-ed opposing public banking ICBA released a customizable op-ed that community bankers can use to spread the word about the risks posed by proposals to establish taxpayer-funded...
FI Works Announces Partnership with First Community Bank & Trust
FI Works Announces Partnership with First Community Bank & Trust FI Works is excited to announce a new partnership with First Community Bank and Trust of Beecher, Illinois. First Community Bank and...
ICBA, The Venture Center Kick off Thought Leadership Series
ICBA, The Venture Center Kick off Thought Leadership Series ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH initiative. The...
ICBA, ProfitStars Expand Preferred Service Provider Program with Information Security and Risk Management Solutions
ICBA, ProfitStars Expand Preferred Service Provider Program with Information Security and Risk Management Solutions The Independent Community Bankers of America today announced it has extended its...
ICBA continues support for ‘true lender’ rule
ICBA continues support for ‘true lender’ rule ICBA and other groups told Congress they oppose legislative efforts to repeal the OCC’s “true lender” rule. The OCC rule, which ICBA supported in a...
ICBA, groups urge OCC to withdraw CRA rule
ICBA, groups urge OCC to withdraw CRA rule ICBA and other groups this week called on the OCC to formally withdraw its Community Reinvestment Act rule or delay its January 2023 compliance date for...
ICBA Names Kristina Morris as Director of Innovation
ICBA Names Kristina Morris as Director of Innovation ICBA announced today that Kristina Morris has joined as director of innovation. In this role Morris will work with the ICBA ThinkTECH...
ICBA urges OCC to block sale of mutual bank’s assets to credit union
ICBA urges OCC to block sale of mutual bank’s assets to credit union ICBA's Mutual Council and America’s Mutual Banks urged the OCC to suspend the sale of Brainerd Savings and Loan Association...
FS-ISAC Coronavirus Update, May 12, 2021
FS-ISAC Coronavirus Update, May 12, 2021 The rate of new Covid cases in the US fell to an average of 38,800 per day Monday, according to data compiled by Johns Hopkins University, the first time...
ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund
ICBA to Serve as Strategic Advisor to JAM FINTOP Banktech Investment Fund The Independent Community Bankers of America (ICBA) will serve as a strategic advisor for JAM FINTOP Banktech, a $150...
Fed proposes changes to interchange regs
Fed proposes changes to interchange regs The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing). The Federal Reserve Board...
ARRC issues market indicators supporting LIBOR alternative
ARRC issues market indicators supporting LIBOR alternative The Alternative Reference Rates Committee last week published market indicators it will consider in recommending a forward-looking Secured...
ICBA to FinCEN: exempt banks from beneficial owner mandates
ICBA to FinCEN: exempt banks from beneficial owner mandates ICBA called on the Financial Crimes Enforcement Network to amend its customer due diligence rules and withdraw its requirement that banks...
FS-ISAC Coronavirus Update, May 7, 2021
FS-ISAC Coronavirus Update, May 7, 2021 Americans have entered a new, hopeful phase of the pandemic as the outlook has improved across the nation, with cases and hospitalizations at their lowest...
Treasury extends MDI, CDFI program
Treasury extends MDI, CDFI program The Treasury Department extended its program to invest in Minority Depository Institutions and Community Development Financial Institutions, as requested by ICBA....
Postal banking won’t deliver: letter
Postal banking won’t deliver: letter While increasing financial inclusion and improving U.S. Postal Service financial stability are worthy goals, postal banking would accomplish neither,...