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Biden names acting agency heads

Biden names acting agency heads President Joe Biden named agency heads serving in an acting capacity until permanent leadership is confirmed by the Senate. President Joe Biden named agency heads...

Jan 22, 2021
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Article
Consumer Financial Protection Bureau (CFPB) Federal Reserve

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...

Jan 22, 2021
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Article
Community Reinvestment Act (CRA) Office of the Comptroller of Currency (OCC)

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...

Jan 22, 2021
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Article
Office of the Comptroller of Currency (OCC)

Kraninger steps down from CFPB

Kraninger steps down from CFPB Kathy Kraninger announced Wednesday that she resigned as Consumer Financial Protection Bureau director, as requested by President Joe Biden's administration. Kathy...

Jan 21, 2021
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Article
Consumer Financial Protection Bureau (CFPB)

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...

Jan 22, 2021
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Article
Advocacy Crisis Preparedness

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...

Jan 21, 2021
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Article
Advocacy Operational Risk Crisis Preparedness +1 More...

PPP resources available directly from SBA

PPP resources available directly from SBA Community bankers have reported problems with NewsWatch Today links to the SBA's Paycheck Protection Program resources, including application forms and...

Jan 21, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA Welcomes President Joe Biden

ICBA Welcomes President Joe Biden Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the inauguration of Joe Biden as the 46th president of the...

Jan 20, 2021
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Article
Advocacy