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FS-ISAC Coronavirus Update, May 5, 2021
FS-ISAC Coronavirus Update, May 5, 2021 So far, about 145 million adults - about 56% of the adult population in the US - have received at least one dose of Covid-19 vaccine, according to the latest...
Bowman provides reg update on fintech partnerships
Bowman provides reg update on fintech partnerships A recent column from Federal Reserve Gov. Michelle Bowman provides an update on regulatory efforts to promote community bank innovation and...
Fed: banking system showing resilience
Fed: banking system showing resilience Financial institutions’ strong capital and liquidity positions have enabled the banking system to support the U.S. economic recovery, the Federal Reserve...
Capital Summit grassroots continue today
Capital Summit grassroots continue today While this week’s ICBA Capital Summit concludes today, ICBA is urging community bankers to continue engaging their elected officials with grassroots...
Fed proposes standards for accessing Fed accounts, payments system
Fed proposes standards for accessing Fed accounts, payments system The Federal Reserve Board proposed guidelines for evaluating requests for accounts with the Fed and access to the payments system,...
IRS issues another 1.1M EIPs
IRS issues another 1.1M EIPs The IRS said it is disbursing another 1.1 million Economic Impact Payments in the eighth batch under the American Rescue Plan. The IRS said it is disbursing another 1.1...
FS-ISAC Coronavirus Update, May 6, 2021
FS-ISAC Coronavirus Update, May 6, 2021 The Small Business Administration said Wednesday that the Paycheck Protection Program has been exhausted, and as of Sunday, the PPP had given out nearly 10.8...
PPP general fund exhausted
PPP general fund exhausted The Paycheck Protection Program’s general fund was reportedly exhausted Tuesday ahead of the program’s May 31 authorization, though some PPP funds remain for certain...
CFPB reports on mortgage borrower challenges
CFPB reports on mortgage borrower challenges The Consumer Financial Protection Bureau said more needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn....
Independent Banker features 2020’s top performers
Independent Banker features 2020’s top performers The May issue of Independent Banker magazine spotlights the best-performing community banks of 2020. The May issue of Independent Banker magazine...
PPP funds could be exhausted soon
PPP funds could be exhausted soon The SBA reportedly told congressional offices that general Paycheck Protection Program funding could be exhausted soon. The SBA reportedly told congressional...
FS-ISAC Coronavirus Update, May 4, 2021
FS-ISAC Coronavirus Update, May 4, 2021 Confirmed coronavirus cases in the US rose at the slowest pace since the pandemic began in the week ended Sunday, according to data compiled by Johns Hopkins...
2021 Abrigo Business Lending Process Survey Results
2021 Abrigo Business Lending Process Survey Results During the first quarter of 2021, Abrigo surveyed nearly 250 lenders, credit analysts, chief credit officers, chief risk officers, and other...
Last chance for service award submissions
Last chance for service award submissions Today is the deadline to submit nominations and votes for ICBA’s updated National Community Bank Service Award program. This year’s awards recognize...
FS-ISAC Coronavirus Update, April 30, 2021
FS-ISAC Coronavirus Update, April 30, 2021 Hackers have targeted companies that distribute the COVID-19 vaccine to a degree previously unreported, according to research from IBM Security, and...
FS-ISAC Coronavirus Update, April 28, 2021
FS-ISAC Coronavirus Update, April 28, 2021 After a worrisome uptick in Covid-19 cases in the US in recent weeks, there are encouraging signs that the situation is beginning to stabilize, according...
ICBA urging messages to Congress today
ICBA urging messages to Congress today With hundreds of community bankers meeting virtually with congressional offices this week, ICBA today is urging community bankers nationwide to send...
IRS reporting plan would increase burdens: ICBA’s Merski
IRS reporting plan would increase burdens: ICBA’s Merski ICBA’s Paul Merski told Bloomberg that additional IRS reporting being floated this week by the Biden administration would increase...
CFPB reports on fair lending enforcement
CFPB reports on fair lending enforcement The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and...
CFPB: More complaints from minority counties
CFPB: More complaints from minority counties The Consumer Financial Protection Bureau released a county-by-county analysis of consumer complaints. The bureau said it received more complaints per...
Credit union groups mixed on CRA-lite
Credit union groups mixed on CRA-lite Recently reintroduced Senate legislation to codify community outreach policies for community credit unions is getting a mixed reception from credit union...
CFPB delays new QM rule
CFPB delays new QM rule The Consumer Financial Protection Bureau issued a final rule formally delaying the mandatory compliance date of its recently modified general Qualified Mortgage final rule...
Community Bankers Advocate for Main Street in Meetings with Washington Policymakers This Week
Community Bankers Advocate for Main Street in Meetings with Washington Policymakers This Week Community bankers meet with key policymakers this week as part of the ICBA 2021 Capital Summit to...
ICBA launches crypto webinar series
ICBA launches crypto webinar series With 80 percent of bitcoin holders saying they would store it with their bank if offered, ICBA ThinkTECH’s new Cryptocurrency Demystified webinar series will...
SBA reopens shuttered venue grant program
SBA reopens shuttered venue grant program The SBA reopened the Shuttered Venue Operators Grant application portal after technology issues scuttled its April 8 launch. The SBA reopened the Shuttered...
OCC conditionally approves Paxos bank charter
OCC conditionally approves Paxos bank charter The OCC conditionally approved the ICBA-opposed trust bank charter application from Paxos, a cryptocurrency platform. The OCC conditionally approved...
Three days of grassroots at next week’s Capital Summit
Three days of grassroots at next week’s Capital Summit Community bankers who can’t participate in next week’s virtual ICBA Capital Summit will still be able to join in the grassroots outreach....
VPN compromise illustrates growing malware trend
VPN compromise illustrates growing malware trend Cybersecurity firm FireEye said it is tracking 12 malware families associated with the exploitation of Pulse Secure VPN devices. Cybersecurity firm...
Taxpayer group urges credit union reforms
Taxpayer group urges credit union reforms Congress should examine how the tax code is contributing to acquisitions of taxpaying community banks by tax-exempt credit unions, the National Taxpayers...
ICBA opposes Calif. public banking bill
ICBA opposes Calif. public banking bill ICBA and other groups expressed opposition to a bill in the California legislature that would establish a government banking system in the state. ICBA and...
Nation’s Community Bankers Convene for ICBA Capital Summit
Nation’s Community Bankers Convene for ICBA Capital Summit ICBA will host hundreds of meetings with community bank leaders and key policymakers during ICBA Capital Summit to advance pro-community...
FS-ISAC Coronavirus Update, April 20, 2021
FS-ISAC Coronavirus Update, April 20, 2021 Nearly 212 million doses of vaccine have been administered in the US for an average of 3 million shots a day, despite a pause in delivering Johnson &...
ICBA backs bill promoting de novo bank formation
ICBA backs bill promoting de novo bank formation ICBA voiced its support for new legislation by Rep. Andy Barr (R-Ky.) to kickstart the economic recovery in underserved areas by easing regulations...
FDIC launches campaign promoting financial inclusion
FDIC launches campaign promoting financial inclusion The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account...
Same Day ACH volume increased 88%, passes 1 billion mark
Same Day ACH volume increased 88%, passes 1 billion mark ACH Network volume soared in the first quarter—increasing by 11.2 percent to 7.1 billion payments in compared to the first quarter of 2020...
FS-ISAC Coronavirus Update, April 16, 2021
FS-ISAC Coronavirus Update, April 16, 2021 The seven-day average of US daily new coronavirus infections is 71,282, according to Johns Hopkins University data, up 8% from one week ago, and overall...
House passes cannabis banking safe harbor
House passes cannabis banking safe harbor The House voted 321-101 to pass ICBA-advocated legislation to establish a safe harbor for financial institutions that serve cannabis-related businesses in...
Lawmakers seek SBA feedback on PPP backlog
Lawmakers seek SBA feedback on PPP backlog A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications. A group of House...
ICBA: Climate risk study should preserve housing stability
ICBA: Climate risk study should preserve housing stability Fannie Mae, Freddie Mac, and the Federal Home Loan Banks should take steps to better understand and mitigate climate-related risks in...
ICBA Supports House Passage of SAFE Banking Act
ICBA Supports House Passage of SAFE Banking Act The Independent Community Bankers of America issued a statement on the bipartisan House passage of the H.R. 1996, which would establish a safe harbor...
ICBA Advances Community Banking Policy Priorities
ICBA Advances Community Banking Policy Priorities The Independent Community Bankers of America (ICBA) today released its legislative and regulatory priorities to help these local lenders continue...
CISA - Critical Infrastructure Hurricane Response During a Pandemic
CISA - Critical Infrastructure Hurricane Response During a Pandemic The Cybersecurity and Infrastructure Security Agency (CISA) invites you to participate in a webinar discussion on its role and...
Blog: ThinkTECH Accelerator tripled number of bank participants
Blog: ThinkTECH Accelerator tripled number of bank participants After 12 fully immersive weeks and hundreds of meetings with industry stakeholders, the ICBA ThinkTECH Accelerator 2021 cohort...
Fed outlines vision, key pillars for FedNow Service
Fed outlines vision, key pillars for FedNow Service Federal Reserve Bank Chief Innovation Officer Dan Anthony will outline the agency’s technology strategy and next steps in preparation for the...
ICBA comments on computer security incident notification requirement
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...
Powell talks economy, digital currencies
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...
FDIC seeks input on modernizing sign, ad rules
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...
Fed issues ‘synthetic identity fraud’ definition
Fed issues ‘synthetic identity fraud’ definition The Federal Reserve issued a recommended definition of “synthetic identity fraud” after convening an industry group. The Federal Reserve issued a...
IRS disburses another 25M EIPs
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....
ICBA expands Financial Literacy Month resources
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...
CFPB reaches settlement with Settlelt
CFPB reaches settlement with Settlelt The Consumer Financial Protection Bureau announced a settlement with Settlelt over allegations that it engaged in unfair acts and practices. The complaint...
FS-ISAC Coronavirus Update, April 14, 2021
FS-ISAC Coronavirus Update, April 14, 2021 More than two dozen states reacted quickly to Tuesday’s announcement by the Food and Drug Administration and the Centers for Disease Control and...
Visa U.S. Economic Outlook (April 2021)
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...
Biden to nominate national cyber director and CISA director
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...
FS-ISAC Coronavirus Update, April 13, 2021
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...
Agencies issue joint statement on BSA/AML 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...
ICBA to USDA: Ensure loan payoffs don’t harm lenders, purchasers
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...
ICBA urges improvements to EIP delivery
ICBA urges improvements to EIP delivery ICBA and other groups recommended improvements to how the IRS issues Economic Impact Payments. ICBA and other groups recommended improvements to how the IRS...
FS-ISAC Coronavirus Update, April 9, 2021
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...
IntraFi Network Ranked #1 2021 "Best Fintech To Work For" by American Banker
IntraFi Network Ranked #1 2021 "Best Fintech To Work For" by American Banker The recently rebranded firm finished ahead of 48 other finalists IntraFi® NetworkSM, the inventor of reciprocal deposits...