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PPP funding exhausted as loan application deadline passes

PPP funding exhausted as loan application deadline passes The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was...

Jun 01, 2021
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Article
Crisis Preparedness Lending

Fed proposes changes to intraday credit policy

Fed proposes changes to intraday credit policy The Federal Reserve Board requested public comment on proposed changes to its policy governing the provision of intraday credit, or daylight...

Jun 01, 2021
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Article
Federal Reserve

Event on LIBOR transition next week

Event on LIBOR transition next week The Alternative Reference Rates Committee said it is holding an event next week on the impact of the transition from LIBOR to the Secured Overnight Financing...

Jun 01, 2021
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Article
Lending

FS-ISAC Coronavirus Update, June 2, 2021

FS-ISAC Coronavirus Update, June 2, 2021 With about 34,500 new cases reported last week, the US saw the lowest number of weekly Covid-19 cases among children since early October, the American...

Jun 01, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Remove GSE product restrictions: ICBA, minority bank council

Remove GSE product restrictions: ICBA, minority bank council ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen...

May 28, 2021
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Article
Minority Owned Depository Institutions (MDI) Housing Finance/GSEs

ICBA releases new banklocally.org video

ICBA releases new banklocally.org video ICBA released its latest video in a series on how community banks have partnered with small businesses during the pandemic to help them navigate the Paycheck...

May 25, 2021
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Article
Advocacy

USDA to begin paying off direct loans to minority farmers

USDA to begin paying off direct loans to minority farmers The USDA announced the initial phase of plans to pay off USDA direct loans to socially disadvantaged (SDA) farmers and ranchers. It will...

May 24, 2021
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Article
Agriculture

OCC reconsidering CRA final rule

OCC reconsidering CRA final rule ICBA expressed support for an OCC announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection. ICBA expressed support...

May 19, 2021
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Article
Compliance

NCUA chairman seeks CUSO oversight authority

NCUA chairman seeks CUSO oversight authority The head of the National Credit Union Administration is scheduled to testify today on behalf of ICBA-supported legislation to expand oversight of...

May 19, 2021
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Article
Credit Unions

FS-ISAC Coronavirus Update, May 19, 2021

FS-ISAC Coronavirus Update, May 19, 2021 Dr. Anthony Fauci said Tuesday that the nation is on track to begin vaccinating children under 12 before next year. Headlines The Department of Defense...

May 19, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Voting open for People's Choice Award videos

Voting open for People's Choice Award videos Community bankers can now vote on ICBA’s National Community Bank Service Awards People's Choice Award videos. Community bankers can now vote on ICBA’s...

May 24, 2021
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Article
Advocacy

OCC finalizes rule on collective investment funds

OCC finalizes rule on collective investment funds The OCC finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested...

May 24, 2021
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Article
Compliance

FS-ISAC Coronavirus Update, May 21, 2021

FS-ISAC Coronavirus Update, May 21, 2021 The Washington state Department of Health is announcing the closure of two of its four mass vaccination sites; coming as the state has vaccinated nearly 40%...

May 21, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Treasury proposes crypto tax reporting requirements

Treasury proposes crypto tax reporting requirements The Treasury Department proposed tax reporting requirements on cryptocurrencies in a new report on the administration’s American Families Plan....

May 21, 2021
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Article
Digital Assets Technology

Fed releasing CBDC paper this summer: Powell

Fed releasing CBDC paper this summer: Powell Federal Reserve Board Chair Jerome Powell said the Fed is planning a discussion paper for this summer on the possibility of issuing a U.S. central bank...

May 21, 2021
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Article
Digital Assets

$5B left in PPP funds for certain institutions

$5B left in PPP funds for certain institutions The Small Business Administration said there is approximately $5 billion remaining in Paycheck Protection Program funds set aside for certain...

May 19, 2021
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Article
Advocacy

ICBA Supports OCC Reconsidering CRA Rule

ICBA supports the Office of the Comptroller of the Currency announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection.

May 18, 2021
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Article
Community Reinvestment Act (CRA)

Custom op-ed counters credit union-bank acquisitions

Custom op-ed counters credit union-bank acquisitions ICBA continues to offer a customizable op-ed and updated talking points that community bankers can use to raise awareness of credit union...

May 18, 2021
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Article
Credit Unions

FS-ISAC Coronavirus Update, May 18, 2021

FS-ISAC Coronavirus Update, May 18, 2021 President Biden announced today that the US will share at least 20 million doses of vaccines produced by Pfizer-BioNTech, Moderna and Johnson & Johnson for...

May 18, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger

ICBA, Community Bankers of Georgia Urge FDIC to Reject Credit Union Merger ICBA and The Venture Center today announced a series of curriculum-driven events as part of its expanded ICBA ThinkTECH...

May 17, 2021
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Article