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SBA issues guidance on 7(a), 504 programs
SBA issues guidance on 7(a), 504 programs In addition to its guidance on PPP loan issues, the SBA also issued guidance on Economic Aid Act provisions affecting the agency's 7(a) and 504 loan...
FS-ISAC Coronavirus Update, Jan. 26, 2021
FS-ISAC Coronavirus Update, Jan. 26, 2021 The Centers for Disease Control and Prevention reported today that nearly 20 million people have received at least one dose of the vaccine, and nearly 3.5...
SBA plans improvements to PPP loan reviews
SBA plans improvements to PPP loan reviews The SBA said it is working to improve reviews of first-draw Paycheck Protection Program loans. The agency said anomalies—mostly data mismatches and...
ICBA advocacy briefing this week
ICBA advocacy briefing this week ICBA's next Community Bank Briefing with an update from Washington is set for 2 p.m. (Eastern time) this Thursday, Jan. 28. ICBA's next Community Bank Briefing with...
FS-ISAC Coronavirus Update, Jan. 25, 2021
FS-ISAC Coronavirus Update, Jan. 25, 2021 The latest coronavirus update from FS-ISAC reports that a bipartisan group of US lawmakers met virtually with Biden administration officials Sunday to push...
FS-ISAC Coronavirus Update, Jan. 22, 2021
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...
ICBA encouraging responses to advocacy survey
ICBA encouraging responses to advocacy survey ICBA is calling on community bankers to complete its State of Advocacy survey to help identify new and existing community banker relationships with...
FS-ISAC Coronavirus Update 2, Jan. 25, 2021
FS-ISAC Coronavirus Update 2, Jan. 25, 2021 The number of new US coronavirus cases reported over the past seven days is 22% lower than a week ago and the seven-day average has been trending down...
GAO seeking PPP feedback
GAO seeking PPP feedback The Government Accountability Office will be surveying a sample of Paycheck Protection Program lenders in the coming weeks to gather feedback about their experiences with...
ICBA Congratulates Janet Yellen on Treasury Secretary Confirmation
ICBA Congratulates Janet Yellen on Treasury Secretary Confirmation Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following congratulatory statement on...
SBA working to identify potential PPP updates
SBA working to identify potential PPP updates The SBA on Saturday said it is working to ensure the Paycheck Protection Program appropriately accounts for the changes that businesses may have...
Treasury plans EIP outreach for unserved households
Treasury plans EIP outreach for unserved households The Treasury Department announced plans to help the up to 8 million households that have not yet been able to access either round of Economic...
Yellen nomination advances in Senate
Yellen nomination advances in Senate The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the...
ICBA seeks more gradual increase of same-day ACH limits
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...
Biden names acting agency heads
Biden names acting agency heads President Joe Biden named agency heads serving in an acting capacity until permanent leadership is confirmed by the Senate. President Joe Biden named agency heads...
ICBA urges OCC to rescind CRA survey
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...
Biden expected to tap Michael Barr to head 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...
Kraninger steps down from CFPB
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. Kathy...
IRS confirms SBA 7(a) payments no longer taxable income
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...
FS-ISAC Coronavirus Update, Jan. 21, 2021
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...
PPP resources available directly from SBA
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...
ICBA Welcomes President Joe Biden
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...
FS-ISAC Coronavirus Update, Jan. 20, 2021
FS-ISAC Coronavirus Update, Jan. 20, 2021 The vaccine developed by Pfizer-BioNTech is likely to be just as effective against the highly transmissible strain of the coronavirus that was first...
Agencies issue FAQs on SARs
Agencies issue FAQs on SARs Federal regulators issued responses to frequently asked questions regarding Suspicious Activity Reports and other anti-money-laundering considerations. Federal...
Agencies finalize rules on supervisory guidance
Agencies finalize rules on supervisory guidance The FDIC, OCC, and CFPB issued final rules to clarify and codify the role of supervisory guidanc The FDIC, OCC, and CFPB issued final rules to...
FS-ISAC Coronavirus Update, Jan. 18, 2021
FS-ISAC Coronavirus Update, Jan. 18, 2021 Today's coronavirus update from FS-ISAC details the rising number of infections in California, the push to widen vaccinations across the country and the...
USDA finalizes hemp rule
USDA finalizes hemp rule The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for...
FS-ISAC Coronavirus Update, Jan. 15, 2021
FS-ISAC Coronavirus Update, Jan. 15, 2021 In today's coronavirus update from FS-ISAC, the Centers for Disease Control and Prevention says more than 11 million received their first coronavirus shots...
PPP reopening for more lenders today
PPP reopening for more lenders today The SBA will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time) today. The...
FBI alert, webinar offer threat update
FBI alert, webinar offer threat update The FBI issued an alert on violence related to the electoral certification and inauguration of President-elect Joe Biden. The alert recaps investigative...
CFPB finalizes escrow relief
CFPB finalizes escrow relief The Consumer Financial Protection Bureau issued a final rule implementing ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans. The...
ICBA Announces Nominations for 2021-22 Board of Directors
ICBA Announces Nominations for 2021-22 Board of Directors The Independent Community Bankers of America (ICBA) today announced the nominees to serve on its 2021-22 board of directors Community...
SBA issues resources as PPP fully reopens today
SBA issues resources as PPP fully reopens today The SBA over the weekend issued additional resources on the Paycheck Protection Program, which will fully open to all participating lenders today The...
CISA issues guides with cyber best practices
CISA issues guides with cyber best practices The Cybersecurity and Infrastructure Security Agency issued new guides for federal agencies with best practices that can apply throughout the commercial...
CFPB issues compliance guide for debt collection rule
CFPB issues compliance guide for debt collection rule The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule. The...
NCUA seeks expanded powers for CUSOs
NCUA seeks expanded powers for CUSOs The National Credit Union Administration issued a proposed rule that would expand credit union service organizations' permissible services and activities to...
FHFA, Treasury allow GSEs to continue retaining earnings
FHFA, Treasury allow GSEs to continue retaining earnings The Federal Housing Finance Agency and Treasury Department updated the Preferred Stock Purchase Agreements allowing Fannie Mae and Freddie...
FS-ISAC Coronavirus Update, Jan. 14, 2021
FS-ISAC Coronavirus Update, Jan. 14, 2021 Today's COVID-19 update from FS-ISAC has the latest from the Centers for Disease Control and Prevention, up-to-date information on the vaccine rollout, and...
PPP reopening for more lenders tomorrow
PPP reopening for more lenders tomorrow The SBA said it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time)...
ICBA urges OCC to withdraw CRA survey
ICBA urges OCC to withdraw CRA survey ICBA and other groups called on the OCC to withdraw the CRA Information Collection Survey that was published in the Federal Register in December. ICBA and...