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Biden signs omnibus with ICBA-advocated fixes

President Joe Biden formally signed into law the $1.5 trillion government funding omnibus with ICBA-advocated provisions related to the SBA’s 504 loan program and LIBOR.

Mar 16, 2022
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Article
Compliance Lending

ICBA testifying tomorrow on PPP

ICBA is scheduled to testify before Congress at 10 a.m. (Eastern time) tomorrow, March 16, on community bank leadership in Paycheck Protection Program lending.

Mar 15, 2022
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Article

CFPB encourages Homeowner Assistance Fund participation

The Consumer Financial Protection Bureau encouraged mortgage servicers to sign up for Homeowner Assistance Fund programs to help homeowners avoid foreclosure.

Mar 15, 2022
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Article
Mortgage Rules

FS-ISAC: Global cyber threats to accelerate

FS-ISAC said the rapid digitization of the financial services sector has led to an increase in global cyber threats in 2021, specifically cyberattacks targeting third-party suppliers and critical...

Mar 14, 2022
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Article
Cybersecurity Data Security/Fraud Technology

U.S., other nations announce new actions against Russia

The White House announced a new round of international actions against Russia following the invasion of Ukraine.

Mar 14, 2022
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Article
Data Security/Fraud

ICBA to Congress: SBA Direct Lending Would Undermine Successful Programs

ICBA today told Congress that community banks are critical to the success of Small Business Administration lending programs, which should not be undermined by instituting direct SBA lending under...

Mar 16, 2022
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Article

ICBA testifying today on PPP, other SBA programs

ICBA is scheduled to testify before Congress at 10 a.m. (Eastern time) today on community bank leadership in lending under the Paycheck Protection Program and other Small Business Administration...

Mar 16, 2022
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Article

FDIC rescinds pandemic-era Part 363 reporting relief

The FDIC rescinded guidance providing coronavirus-affected financial institutions extra time to file annual reports under Part 363 of the agency's regulations.

Mar 16, 2022
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Article
Advocacy Crisis Preparedness

Raskin withdraws Fed nomination

Former Federal Reserve Governor Sarah Bloom Raskin withdrew her nomination for Fed vice chair for supervision.

Mar 16, 2022
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Article
Federal Reserve

Stablecoins raise policy questions affecting community banks: blog

With the growing volume of stablecoins in circulation drawing increased attention from policymakers and the media, a new ICBA blog post provides an update with implications for community bankers.

Mar 15, 2022
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Article

ICBA toolkit offers National Ag Week materials

With National Agriculture Day and Week set for next week, ICBA is offering customizable materials community banks can use to celebrate.

Mar 14, 2022
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Article
Agriculture

Omnibus with ICBA-advocated fixes signed into law

President Joe Biden signed into law the $1.5 trillion government funding omnibus with ICBA-advocated provisions related to the SBA’s 504 loan program and LIBOR.

Mar 14, 2022
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Article
Lending

ICBA testifying next week on PPP

ICBA is scheduled to testify before Congress next week on community bank leadership in Paycheck Protection Program lending.

Mar 11, 2022
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Article
Advocacy Crisis Preparedness

Senate passes omnibus with ICBA-advocated fixes

The Senate passed the $1.5 trillion omnibus to fund the government through Sept. 30 with ICBA-advocated provisions related to the SBA’s 504 loan program, LIBOR, and cyber incident reporting.

Mar 11, 2022
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Article
Cybersecurity Lending

Task force updates AML-deficiency jurisdictions

Task force updates AML-deficiency jurisdictions The Financial Action Task Force—a global anti-money-laundering watchdog—updated its statements concerning jurisdictions with strategic AML,...

Mar 11, 2022
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

CFPB launches rural America initiative

The Consumer Financial Protection Bureau launched an initiative to focus on financial issues facing rural America.

Mar 11, 2022
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Article
Agriculture

ICBA Examining Executive Order on Digital Assets and Its Impact on Community Banks and Consumers

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on the White House’s executive order on digital asset risks and opportunities.

Mar 09, 2022
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Article
Digital Assets

Agencies announce crypto-related charges with executive order on deck

The Securities and Exchange Commission and Commodity Futures Trading Commission announced separate charges related to digital asset-related fraud.

Mar 09, 2022
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Article
Cybersecurity Digital Assets Technology

Rounds, Gruenberg, Hsu addressing 2022 Capital Summit

Several speakers are set for the 2022 ICBA Capital Summit, the industry’s premier advocacy event scheduled for May 1-4 in Washington, D.C.

Mar 09, 2022
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Article

New sanctions target Russian billionaires, disinformation

The Treasury and State departments announced additional sanctions on Russian individuals and companies for supporting the Russian government despite existing sanctions.

Mar 04, 2022
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Article
Cybersecurity