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The Treasury Department and IRS lack updated information on how many eligible Economic Impact Payment recipients have yet to receive their funds, the GAO said in its latest CARES Act report.
The GAO encouraged Treasury and the IRS to refine their estimate of roughly 9 million individuals to help reach those who have yet to file for an EIP.
The IRS recently said it will begin mailing letters this month encouraging eligible Americans to register on the IRS website by Oct. 15 so they can receive their payment by the end of the year.
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ICBA said it supports an FDIC standard-setting organization and voluntary certification program that would ease the process of vetting and partnering with fintechs and other third parties.
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ICBA welcomes the opportunity to respond to the FDIC's request for information hat seeks input on whether a standard-setting and voluntary-certification program could support community banks’ efforts in partnering with third parties.
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Sep 22, 2020
ICBA President and CEO Rebeca Romero Rainey released a statement on today's Federal Reserve advance notice of proposed rulemaking on reforming Community Reinvestment Act regulations.
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Sep 21, 2020
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