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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...
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...
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...
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...