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Senate bill would expand credit union lending authority

Senate bill would expand credit union lending authority ICBA-opposed legislation designed to expand credit union lending authority was introduced in the Senate. ICBA-opposed legislation designed to...

Mar 19, 2021
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Article
Credit Unions

Cannabis banking bill reintroduced in Senate

Cannabis banking bill reintroduced in Senate ICBA-advocated legislation to establish a cannabis-banking safe harbor in states where cannabis is legal was reintroduced in the Senate following House...

Mar 24, 2021
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Article
Cannabis banking

ICBA urges OCC to withdraw bank premises proposal

ICBA urges OCC to withdraw bank premises proposal ICBA and other groups called on the OCC to withdraw a proposed rule to impose a rules-based approach to what national banks and federal savings...

Mar 24, 2021
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Article
Office of the Comptroller of Currency (OCC)

FS-ISAC Coronavirus Update, March 24, 2021

FS-ISAC Coronavirus Update, March 24, 2021 Treasury Secretary Janet Yellen painted an optimistic picture of the economy Tuesday, saying that while 10 million people still remain jobless, "we may...

Mar 24, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Visa Prepaid Manual Cash Advances (March 2021)

Visa Prepaid Manual Cash Advances (March 2021) Visa requires that all U.S. Visa bank branches must honor and enable cash disbursements for all valid Visa Prepaid cards, whether or not the card is...

Mar 23, 2021
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Article

Senate taking up PPP extension this week

Senate taking up PPP extension this week With the Senate expected to vote this week on House-passed legislation to extend the Paycheck Protection Program, ICBA is urging community bankers to...

Mar 23, 2021
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Article
Advocacy Crisis Preparedness Lending

SBA updates PPP forms to implement changes

SBA updates PPP forms to implement changes The SBA issued updated Paycheck Protection Program application forms that incorporate last week's interim final rule implementing American Rescue Plan Act...

Mar 23, 2021
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Article

CFPB reports on debt-collection rule

CFPB reports on debt-collection rule The Consumer Financial Protection Bureau released its 2020 annual report to Congress on the Fair Debt Collection Practices Act, including public enforcement...

Mar 23, 2021
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Article
Compliance

ICBA urging grassroots on rural lending tax relief

ICBA urging grassroots on rural lending tax relief With National Agriculture Week running through Friday, ICBA is calling on community bankers to advocate support for newly reintroduced legislation...

Mar 22, 2021
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Article
Agriculture

ICBA-backed cannabis banking safe harbor reintroduced

ICBA-backed cannabis banking safe harbor reintroduced ICBA expressed support for newly reintroduced bipartisan legislation to establish a safe harbor for financial institutions that serve...

Mar 19, 2021
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Article
Cannabis banking

New Nacha rules take effect today

New Nacha rules take effect today Two new Nacha rules take effect today on Same Day ACH and account validation. Two new Nacha rules take effect today on Same Day ACH and account validation. Same...

Mar 19, 2021
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Article
Compliance

FS-ISAC Coronavirus Update, March 19, 2021

FS-ISAC Coronavirus Update, March 19, 2021 Covid-19 cases are rising by more than 10% in 14 states this week compared to last week, with half of those states rising by more than 20%, and while...

Mar 19, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

90M EIPs disbursed this week

90M EIPs disbursed this week The Treasury Department and IRS said they disbursed roughly 90 million Economic Impact Payments this week. The Treasury Department and IRS said they disbursed roughly...

Mar 18, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA urging grassroots outreach on PPP reform

ICBA urging grassroots outreach on PPP reform ICBA is urging community bankers to use its Be Heard grassroots action center to urge their members of Congress to make needed changes to the Paycheck...

Mar 18, 2021
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Article
Advocacy Crisis Preparedness Lending

CISA issues tool for detecting threat activity

CISA issues tool for detecting threat activity The Cybersecurity and Infrastructure Security Agency released a forensics collection capability to help detect activity related to the supply chain...

Mar 19, 2021
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Article
Cybersecurity

ICBA Supports Bill to Establish Cannabis Banking Safe Harbor

ICBA Supports Bill to Establish Cannabis Banking Safe Harbor The Independent Community Bankers of America today expressed support for bipartisan legislation that would establish a safe harbor from...

Mar 18, 2021
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Article
Cannabis banking

ICBA backs bill offering rural lending tax relief

ICBA backs bill offering rural lending tax relief ICBA expressed support for legislation to exempt from taxation interest income on farm real estate and rural mortgage loans. ICBA expressed support...

Mar 18, 2021
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Article
Agriculture USDA Farm Loan Programs

FS-ISAC Coronavirus Update, March 18, 2021

FS-ISAC Coronavirus Update, March 18, 2021 Approximately 90 million stimulus checks have been disbursed to Americans, the Department of Treasury, Internal Revenue Service, and the Bureau of the...

Mar 18, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA Supports Bill Offering Tax Relief for Rural Lending

ICBA Supports Bill Offering Tax Relief for Rural Lending The Independent Community Bankers of America today said it strongly supports the Enhancing Credit Opportunities in Rural America Act to...

Mar 17, 2021
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Article
Agriculture Rural Development

Farm banks remain strong amid ag challenges: FDIC

Farm banks remain strong amid ag challenges: FDIC Farm banks are vital to U.S. agricultural producers and rural communities, holding 44 percent of bank-held agricultural loans despite holding just...

Mar 16, 2021
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Article
Agriculture

House passes PPP extension with Senate outlook in question

House passes PPP extension with Senate outlook in question The House voted 415-3 to pass ICBA-supported legislation to extend the Paycheck Protection Program, though the Senate outlook remains...

Mar 17, 2021
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Article
Advocacy Crisis Preparedness Lending

EIPs start depositing today

EIPs start depositing today The first tranche of new Economic Impact Payments sent through the ACH Network is effective today. In a joint statement, ICBA and other financial services groups...

Mar 17, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, March 17, 2021

FS-ISAC Coronavirus Update, March 17, 2021 Nearly 111 million doses of Covid-19 vaccine have been administered in the US, according to data published Tuesday by the US Centers for Disease Control...

Mar 17, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

PPP loans reaching smallest borrowers: SBA data

PPP loans reaching smallest borrowers: SBA data The current round of the Paycheck Protection Program is successfully reaching smaller borrowers, according to recent data from the SBA. The current...

Mar 16, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA ThinkTECH Innovation Showcase today

ICBA ThinkTECH Innovation Showcase today ICBA today is hosting a showcase of 2021 ICBA ThinkTECH Accelerator participants and their new technologies available to community banks. ICBA today is...

Mar 16, 2021
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Article

ICBA: Two-tiered deadline will ensure SBA clears PPP loans on hold

ICBA: Two-tiered deadline will ensure SBA clears PPP loans on hold ICBA thanked policymakers for introducing The PPP Extension Act of 2021, which pushes the application deadline until May 31 and...

Mar 15, 2021
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Article
Advocacy Crisis Preparedness Lending

FBI warns of cryptocurrency theft threat

FBI warns of cryptocurrency theft threat The FBI said federal charges against three computer programmers linked to the North Korean government illustrate the appeal of cryptocurrency markets and...

Mar 15, 2021
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Article
Cybersecurity

SBA updates PPP guidance

SBA updates PPP guidance The Small Business Administration on Friday updated its frequently asked questions as well as its guidance concerning how to calculate revenue reduction and maximum loan...

Mar 15, 2021
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Article
Advocacy Crisis Preparedness Lending

Agencies propose private flood insurance Q&As

Agencies propose private flood insurance Q&As Federal regulators requested comments on 24 proposed interagency questions and answers regarding private flood insurance. Federal regulators requested...

Mar 12, 2021
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Article
Advocacy Flood Insurance Compliance

ICBA ThinkTECH Showcase Spotlights Innovative Community Bank Solutions

ICBA ThinkTECH Showcase Spotlights Innovative Community Bank Solutions ICBA, in partnership with The Venture Center, will host the ICBA ThinkTECH Showcase — a virtual event to unveil the latest...

Mar 12, 2021
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Article

ICBA testifies: Don't leave PPP applicants stranded

ICBA testifies: Don't leave PPP applicants stranded The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, ICBA community banker Alice...

Mar 11, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, March 11, 2021

FS-ISAC Coronavirus Update, March 11, 2021 President Joe Biden announced he is directing the Department of Health and Human Services to purchase an additional 100 million doses of the Johnson &...

Mar 11, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

CFPB rescinds abusiveness policy statement

CFPB rescinds abusiveness policy statement The Consumer Financial Protection Bureau said it is rescinding its January 2020 “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”...

Mar 12, 2021
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Article
Compliance

New round of EIPs starts today

New round of EIPs starts today The IRS said it will begin distributing the third round of Economic Impact Payments today, with an effective entry date of this Wednesday, March 17. The IRS said it...

Mar 12, 2021
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Article
Advocacy Crisis Preparedness Lending

Congress approves stimulus plan

Congress approves stimulus plan ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress passed and President Joe Biden is expected to sign into law soon....

Mar 11, 2021
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Article
Advocacy Crisis Preparedness Lending

New York State Banker Elected ICBA Chairman​

New York State Banker Elected ICBA Chairman​ Robert M. Fisher, president and CEO of Tioga State Bank in Spencer, N.Y., was elected chairman of the Independent Community Bankers of America for...

Mar 10, 2021
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Article
Advocacy

ICBA Announces 2021-22 Executive Committee

ICBA Announces 2021-22 Executive Committee The Independent Community Bankers of America today announced the election of its 2021-22 Executive Committee in conjunction with ICBA Connect, a virtual...

Mar 10, 2021
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Article
Advocacy

New ICBA Chairman to Community Banks: Get Engaged to Drive Positive Change

New ICBA Chairman to Community Banks: Get Engaged to Drive Positive Change Incoming ICBA Chairman Robert Fisher encouraged community banks attending ICBA Connect to exercise their political capital...

Mar 10, 2021
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Article
Advocacy

Joint rule supports Treasury program for CDFIs, MDIs

Joint rule supports Treasury program for CDFIs, MDIs Federal bank regulators issued an interim final rule that supports the Treasury Department’s Emergency Capital Investment Program, which will...

Mar 10, 2021
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Article
Minority Owned Depository Institutions (MDI)

ICBA: GSE liquidity plan aligns with capital framework

ICBA: GSE liquidity plan aligns with capital framework ICBA said it agrees with the Federal Housing Finance Agency's approach to proposed liquidity requirements for Fannie Mae and Freddie Mac. ICBA...

Mar 10, 2021
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Article
Housing Finance/GSEs

Agencies update CRA FAQs

Agencies update CRA FAQs Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the...

Mar 09, 2021
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Article
Compliance

ICBA Connect is Here!

ICBA Connect is Here! The ICBA Connect event site is ready! Prepare yourself by logging in now and taking a spin around the site to familiarize yourself with it, so you’re ready to go. The ICBA...

Mar 08, 2021
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Article

ICBA: Ensure SBA clears all PPP loans on hold

ICBA: Ensure SBA clears all PPP loans on hold ICBA and other financial groups called on policymakers to ensure the SBA clears the thousands of Paycheck Protection Program loan applications in...

Mar 08, 2021
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Article
Advocacy Crisis Preparedness Lending

Fed includes women's depository institutions in MDI definition

Fed includes women's depository institutions in MDI definition The Federal Reserve expanded the definition of minority depository institutions to include women-owned financial institutions. The...

Mar 08, 2021
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Article
Minority Owned Depository Institutions (MDI)

Key takeaways on new PPP rule

Key takeaways on new PPP rule ICBA offers the following community bank takeaways on this week's SBA interim final rule, frequently asked questions, updated application forms, and webinar...

Mar 05, 2021
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Article
Advocacy Crisis Preparedness Lending

FinCEN issues AML notice on art, antiquities

FinCEN issues AML notice on art, antiquities The Financial Crimes Enforcement Network issued a notice on Anti-Money Laundering Act of 2020 requirements related to antiquities and arts. The...

Mar 10, 2021
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Article
Compliance

CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity

CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity The Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex...

Mar 10, 2021
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Article
Compliance

ICBA to Congress: Don't Leave PPP Applicants Stranded

ICBA to Congress: Don't Leave PPP Applicants Stranded The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, the Independent Community...

Mar 10, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, March 10, 2021

FS-ISAC Coronavirus Update, March 10, 2021 About 93.7 million doses of Covid-19 vaccine have been administered in the US, according to data published Tuesday by the US Centers for Disease Control...

Mar 10, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA showcases new PPP videos at ICBA Connect

ICBA showcases new PPP videos at ICBA Connect Available on banklocally.org and featuring representatives from Tioga State Bank, Bank of Idaho, and M&F Bank, new videos from ICBA feature discussions...

Mar 10, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA summarizes stimulus plan

ICBA summarizes stimulus plan ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress is expected to pass this week. ICBA released a summary of the $1.9...

Mar 10, 2021
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Article
Advocacy Crisis Preparedness

ICBA’s Romero Rainey: We Are More Powerful Collectively When We are Empowered Individually

ICBA’s Romero Rainey: We Are More Powerful Collectively When We are Empowered Individually ICBA President and CEO Rebeca Romero Rainey today reminded community bankers attending ICBA Connect that...

Mar 09, 2021
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Article

ICBA Kicks off 2021 National Convention

ICBA Kicks off 2021 National Convention Starting today, community bankers and industry leaders from across the nation will convene for the 2021 Independent Community Bankers of America national...

Mar 09, 2021
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Article

CISA urges Microsoft Exchange patching against vulnerability

CISA urges Microsoft Exchange patching against vulnerability The Cybersecurity and Infrastructure Security Agency urged public and private sector partners to follow its emergency directive on the...

Mar 08, 2021
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Article
Cybersecurity

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...

Mar 05, 2021
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Article
Risk Cybersecurity

New Same Day ACH window in effect this month

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 effect on at...

Mar 05, 2021
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Article
Compliance Payments

FS-ISAC Coronavirus Update, March 5, 2021

FS-ISAC Coronavirus Update, March 5, 2021 The average number of vaccine doses being administered across the US per day topped two million for the first time on Wednesday, according to data from the...

Mar 05, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA Expands Preferred Service Provider Relationship with QwickRate to include its IntelliCredit Offering

ICBA Expands Preferred Service Provider Relationship with QwickRate to include its IntelliCredit Offering The ICBA today announced that its Preferred Service Provider relationship with QwickRate...

Mar 04, 2021
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Article

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...

Mar 05, 2021
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Article
Minority Owned Depository Institutions (MDI)

CFPB proposes delaying new QM rule

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....

Mar 04, 2021
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Article
Compliance Compliance Mortgage Rules