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CISA urges Microsoft Exchange patching against vulnerability
2021-03-08 CISA urges Microsoft Exchange patching against vulnerability The Cybersecurity and Infrastructure Security Agency urged public and private sector partners to follow its emergency...
CISA call today on Microsoft vulnerability
CISA call today on Microsoft vulnerability The Cybersecurity and Infrastructure Security Agency is hosting a conference call at noon (Eastern time) today on the active exploitation of a...
New Same Day ACH window in effect this month
2021-03-05 New Same Day ACH window in effect this month Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes...
FS-ISAC Coronavirus Update, March 5, 2021
FS-ISAC Coronavirus Update, March 5, 2021 Headlines There’s more evidence the B.1.1.7 coronavirus variant first noticed in the United Kingdom poses little threat to the efficacy of vaccines, with...
ICBA Expands Preferred Service Provider Relationship with QwickRate to include its IntelliCredit Offering
2021-03-04 ICBA Expands Preferred Service Provider Relationship with QwickRate to include its IntelliCredit Offering Washington, D.C. (March 4, 2021) — The Independent Community Bankers of America...
Treasury launches $9B CDFI, MDI program
Treasury launches $9B CDFI, MDI program The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community...
CFPB proposes delaying new QM rule
The Consumer Financial Protection Bureau proposed delaying the mandatory compliance date of its general Qualified Mortgage final rule from July 1, 2021, to Oct. 1, 2022. Background: The QM rule...
FS-ISAC Coronavirus Update, March 4, 2021
FS-ISAC Coronavirus Update, March 4, 2021 Headlines President Joe Biden sharply criticized states lifting Covid-19 restrictions against the pleas from the US Centers for Disease Control and...
FS-ISAC Coronavirus Update, March 3, 2021
Headlines States and municipalities nationwide have started abandoning coronavirus restrictions this week, allowing pandemic-weary Americans to shun masks, eat at restaurants without capacity...
Community Bankers to Convene for ICBA Connect
Community Bankers to Convene for ICBA Connect ICBA national conference reimagined for 2021 as two-day virtual event WHAT: The Independent Community Bankers of America (ICBA) announced a...
Romero Rainey named one of Washington's most influential
ICBA President and CEO Rebeca Romero Rainey was named one of Washington's most influential people by Washingtonian magazine. The publication recognized Romero Rainey as one of the 250 experts and...
SBA issues new PPP rule, applications
SBA issues new PPP rule, applications The SBA released its new interim final rule and new application forms implementing Paycheck Protection Program changes for sole proprietors and other borrowers...
Romero Rainey: ICBA pressing PPP reforms
While Congress is fast-tracking the next stimulus package, problems with existing recovery programs remain unaddressed, ICBA President and CEO Rebeca Romero Rainey wrote in an op-ed this week....
Meeting with constituents during CUNA’s virtual GAC? Here are some things to consider.
Meeting with constituents during CUNA’s virtual GAC? Here are some things to consider. Issue: The Credit Union Mission to Serve “People of Modest Means” Credit unions were created and granted a...
SBA: New PPP rule coming soon
The SBA said it will "soon" publish a new Paycheck Protection Program interim final rule and issue a new application for Schedule C filers. Until then, it issued the following considerations: The...
Fed issues continuity tips for storm season
Fed issues continuity tips for storm season The Federal Reserve released tips to promote business continuity throughout storm season. In a new post, the Fed provided resources on pre-storm...
FS-ISAC Coronavirus Update, March 2, 2021
Headlines Dr. Rochelle Walensky, director of the US Centers for Disease Control and Prevention, said she is “deeply concerned” about the potential shift in the trajectory of the pandemic, and while...
IRS issues guidance on employee retention credit
IRS issues guidance on employee retention credit The IRS issued guidance for employers claiming the employee retention tax credit under the CARES Act. The guidance includes clarifications and...
SBA: PPP changes effective this week
SBA: PPP changes effective this week The SBA this week plans to issue an interim final rule detailing and implementing pending changes to the Paycheck Protection Program. Background: The changes...
ICBA summarizes new House-passed stimulus plan
2021-03-01 ICBA summarizes new House-passed stimulus plan ICBA released a summary of the House version of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which the House passed Saturday on...
FS-ISAC Coronavirus Update, Feb. 26, 2021
2021-02-26 FS-ISAC Coronavirus Update, Feb. 26, 2021 Headlines US Food and Drug Administration vaccine advisers are scheduled to meet Friday to discuss the potential emergency authorization of a...
Oconee State Bank Taps FINBOA to Automate Back-Office Workflows
Oconee State Bank Taps FINBOA to Automate Back-Office Workflows Oconee State Bank has partnered with FINBOA, a leading innovator in digital automation and regulatory compliance for financial...
Fed payment services back up following disruption
2021-02-25 Fed payment services back up following disruption Federal Reserve payment services are back online following a three-hour disruption yesterday that the Fed attributed to "operational...
PPP small borrower window opens, other reforms effective next week
PPP small borrower window opens, other reforms effective next week One of the Biden administration's Paycheck Protection Program reforms announced earlier this week started yesterday, with the rest...
Bill would expand farm partnership access to PPP
Bill would expand farm partnership access to PPP ICBA-supported legislation allowing farmers and ranchers categorized as partnerships to use gross income to calculate maximum Paycheck Protection...
COVID Relief Package Should Include USDA Business & Industry (B&I) Funding
2021-02-25 COVID Relief Package Should Include USDA Business & Industry (B&I) Funding Chairman Jim McGovern House Committee on Rules U.S. House of Representatives H-312 The Capitol Washington, DC...
What I Have in Common with Matthew McConaughey: We Both Reinvented Our Careers
What I Have in Common with Matthew McConaughey: We Both Reinvented Our Careers By Tim Martinson One of the reasons I’m looking forward to joining my colleagues at ICBA Connect is the quality of the...
CFPB announces plans to rethink QM rules
2021-02-24 CFPB announces plans to rethink QM rules The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance...
ICBA urges garnishment exemption for EIPs
ICBA urges garnishment exemption for EIPs ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from...
ICBA Encourages Americans to Celebrate Saving
2021-02-23 ICBA Encourages Americans to Celebrate Saving America Saves Week is Feb. 22-26 Washington, D.C. (Feb. 23, 2021) — During America Saves Week, the Independent Community Bankers of America...
Agencies announce relief for Texas winter storms
Agencies announce relief for Texas winter storms Federal and state agencies announced relief to institutions and taxpayers affected by this month's winter storms in Texas and other states....
ICBA urges crop insurance support
ICBA and other groups urged policymakers to protect crop insurance from harmful cuts as they develop the fiscal 2022 budget. In letters to the Biden administration and key congressional committees,...
FinCEN issues advisory on EIP fraud
FinCEN issues advisory on EIP fraud The Financial Crimes Enforcement Network issued an advisory to alert financial institutions to fraud and other financial crimes related to Economic Impact...
Community banks again outperform industry: FDIC
Community banks reported net income growth of 21.2 percent in the fourth quarter from a year ago and a 3.6 percent increase in 2020 from the year before, according to the FDIC's Quarterly Banking...
FS-ISAC Coronavirus Update, Feb. 23, 2021
FS-ISAC Coronavirus Update, Feb. 23, 2021 Headlines At least 1,932 cases of coronavirus strains have been reported in the US, according to data updated Tuesday by the US Centers for Disease Control...
PPP reforms target smallest businesses
The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses. What's New: The updates include: A 14-day period, starting tomorrow,...
ICBA urges funding for rural development programs
ICBA urges funding for rural development programs ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill....
FS-ISAC Coronavirus Update, Feb. 22, 2021
Headlines At least a half a million people have now died from Covid-19 in the US since the pandemic began, according to data compiled by Johns Hopkins University, meaning that about one in every...
Agencies finalize call report threshold relief
Agencies finalize call report threshold relief Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank...
FS-ISAC Coronavirus Update, Feb. 18, 2021
Headlines At least 1,549 cases of coronavirus strains first spotted in the United Kingdom, South Africa and Brazil have now been reported in the US, according to data updated Thursday by the US...
Community banks lead 2021 PPP lending
Community banks lead 2021 PPP lending Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion,...
Climate change poses risks to FIs: Fed's Brainard
Federal Reserve Governor Lael Brainard said climate change is already imposing substantial economic costs while presenting risks and opportunities to financial institutions. Brainard said financial...
Fed extends netting protections
2021-02-19 Fed extends netting protections The Federal Reserve Board issued a final rule to apply netting protections to a broader range of financial institutions. Parties to a netting contract...
Fed's Powell testifying this week
Fed's Powell testifying this week Federal Reserve Chairman Jerome Powell is slated to testify this week before the Senate Banking Committee and House Financial Services Committee on the agency's...
Minority bank webinar on evaluating capital opportunities
2021-02-22 Minority bank webinar on evaluating capital opportunities ICBA, ICBA Securities, and Vining Sparks are hosting a complimentary webinar for FDIC-designated Minority Depository...
USDA announces dealer trust for livestock sellers
USDA announces dealer trust for livestock sellers The USDA Agricultural Marketing Service announced a new Dealer Statutory Trust for livestock sellers, in accordance with the year-end...
ICBA updates 'Return to the New Normal' guide
2021-02-18 ICBA updates 'Return to the New Normal' guide ICBA updated its "Return to the New Normal" guide featuring suggestions to help community banks resume more normal operations and...
ICBA issues summary on new BSA/AML law
ICBA issues summary on new BSA/AML law ICBA recently issued a summary on the defense spending law enacted at the beginning of the year that includes BSA/AML reforms. Among its reforms, the National...
FS-ISAC Coronavirus Update, Feb. 17, 2021
2021-02-18 FS-ISAC Coronavirus Update, Feb. 17, 2021 Headlines The number of new coronavirus cases has declined by 16% worldwide over the past week, the World Health Organization said Wednesday,...
Government measures target North Korean cybercrime
Government measures target North Korean cybercrime The Justice Department indicted three North Korean computer programmers for participating in a series of cyberattacks designed to steal and extort...
SBA shortens period for relief payments
2021-02-17 SBA shortens period for relief payments The SBA issued new guidance adjusting the number of months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of...
ICBA Continues Call for Joint CRA Rulemaking
The Independent Community Bankers of America today reiterated its call for federal regulators to work together on updated Community Reinvestment Act regulations in a comment letter to the Federal...
FS-ISAC Coronavirus Update, Feb. 15, 2021
2021-02-16 FS-ISAC Coronavirus Update, Feb. 15, 2021 Headlines Vaccine advisers say they’re keeping a close eye on the emergence of new variations of the coronavirus and vaccine efficacy after...
SBA issues new loan program guidance
SBA issues new loan program guidance The SBA on Friday night issued two notices on its lending programs. SBA Procedural Notice 5000-20093: Provides guidance on establishing maturities of new 7(a)...
FS-ISAC Coronavirus Update, Feb. 12, 2021
The US Centers for Disease Control and Prevention said Friday that schools can safely open as long as a range of precautions are in place, offering a comprehensive and science-based road map for a...
Policymakers to Participate in ICBA ThinkTECH Accelerator Event
Policymakers to Participate in ICBA ThinkTECH Accelerator Event Regulators meet with fintechs to discuss community bank innovation WHAT: The Independent Community Bankers of America (ICBA), in...
OCC allows closures due to Winter Storm Uri
The OCC issued a proclamation allowing national banks and federal savings associations to close offices affected by Winter Storm Uri at their discretion. The agency said it expects only offices...
White House extends forbearance, foreclosure protections
White House extends forbearance, foreclosure protections The Biden administration extended the foreclosure moratorium and mortgage forbearance on certain loans through the end of June. The...
FS-ISAC Coronavirus Update, Feb. 16, 2021
Headlines The rate of new US coronavirus cases continued to decline Monday and Tuesday, as the country’s rolling average of daily infections fell below 90,000 for the first time in more than 100...
ICBA continues opposition to Rakuten ILC application
ICBA continues opposition to Rakuten ILC application Rakuten Bank America’s resubmitted deposit insurance application continues to pose risks of mixing banking and commerce due to Rakuten Inc.’s...