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CFPB rescinds abusiveness policy statement

CFPB rescinds abusiveness policy statement The Consumer Financial Protection Bureau said it is rescinding its January 2020 “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”...

Mar 12, 2021
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Article
Compliance

New round of EIPs starts today

New round of EIPs starts today The IRS said it will begin distributing the third round of Economic Impact Payments today, with an effective entry date of this Wednesday, March 17. The IRS said it...

Mar 12, 2021
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Article
Advocacy Crisis Preparedness Lending

Congress approves stimulus plan

Congress approves stimulus plan ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress passed and President Joe Biden is expected to sign into law soon....

Mar 11, 2021
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Article
Advocacy Crisis Preparedness Lending

New York State Banker Elected ICBA Chairman​

New York State Banker Elected ICBA Chairman​ Robert M. Fisher, president and CEO of Tioga State Bank in Spencer, N.Y., was elected chairman of the Independent Community Bankers of America for...

Mar 10, 2021
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Article
Advocacy

ICBA Announces 2021-22 Executive Committee

ICBA Announces 2021-22 Executive Committee The Independent Community Bankers of America today announced the election of its 2021-22 Executive Committee in conjunction with ICBA Connect, a virtual...

Mar 10, 2021
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Article
Advocacy

New ICBA Chairman to Community Banks: Get Engaged to Drive Positive Change

New ICBA Chairman to Community Banks: Get Engaged to Drive Positive Change Incoming ICBA Chairman Robert Fisher encouraged community banks attending ICBA Connect to exercise their political capital...

Mar 10, 2021
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Article
Advocacy

Joint rule supports Treasury program for CDFIs, MDIs

Joint rule supports Treasury program for CDFIs, MDIs Federal bank regulators issued an interim final rule that supports the Treasury Department’s Emergency Capital Investment Program, which will...

Mar 10, 2021
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Article
Minority Owned Depository Institutions (MDI)

ICBA: GSE liquidity plan aligns with capital framework

ICBA: GSE liquidity plan aligns with capital framework ICBA said it agrees with the Federal Housing Finance Agency's approach to proposed liquidity requirements for Fannie Mae and Freddie Mac. ICBA...

Mar 10, 2021
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Article
Housing Finance/GSEs

Agencies update CRA FAQs

Agencies update CRA FAQs Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the...

Mar 09, 2021
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Article
Compliance

ICBA: Ensure SBA clears all PPP loans on hold

ICBA: Ensure SBA clears all PPP loans on hold ICBA and other financial groups called on policymakers to ensure the SBA clears the thousands of Paycheck Protection Program loan applications in...

Mar 08, 2021
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Article
Advocacy Crisis Preparedness Lending

Fed includes women's depository institutions in MDI definition

Fed includes women's depository institutions in MDI definition The Federal Reserve expanded the definition of minority depository institutions to include women-owned financial institutions. The...

Mar 08, 2021
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Article
Minority Owned Depository Institutions (MDI)

Key takeaways on new PPP rule

Key takeaways on new PPP rule ICBA offers the following community bank takeaways on this week's SBA interim final rule, frequently asked questions, updated application forms, and webinar...

Mar 05, 2021
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Article
Advocacy Crisis Preparedness Lending

FinCEN issues AML notice on art, antiquities

FinCEN issues AML notice on art, antiquities The Financial Crimes Enforcement Network issued a notice on Anti-Money Laundering Act of 2020 requirements related to antiquities and arts. The...

Mar 10, 2021
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Article
Compliance

CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity

CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity The Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex...

Mar 10, 2021
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Article
Compliance

ICBA to Congress: Don't Leave PPP Applicants Stranded

ICBA to Congress: Don't Leave PPP Applicants Stranded The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, the Independent Community...

Mar 10, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, March 10, 2021

FS-ISAC Coronavirus Update, March 10, 2021 About 93.7 million doses of Covid-19 vaccine have been administered in the US, according to data published Tuesday by the US Centers for Disease Control...

Mar 10, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA showcases new PPP videos at ICBA Connect

ICBA showcases new PPP videos at ICBA Connect Available on banklocally.org and featuring representatives from Tioga State Bank, Bank of Idaho, and M&F Bank, new videos from ICBA feature discussions...

Mar 10, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA summarizes stimulus plan

ICBA summarizes stimulus plan ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress is expected to pass this week. ICBA released a summary of the $1.9...

Mar 10, 2021
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Article
Advocacy Crisis Preparedness

ICBA’s Romero Rainey: We Are More Powerful Collectively When We are Empowered Individually

ICBA’s Romero Rainey: We Are More Powerful Collectively When We are Empowered Individually ICBA President and CEO Rebeca Romero Rainey today reminded community bankers attending ICBA Connect that...

Mar 09, 2021
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Article

ICBA Kicks off 2021 National Convention

ICBA Kicks off 2021 National Convention Starting today, community bankers and industry leaders from across the nation will convene for the 2021 Independent Community Bankers of America national...

Mar 09, 2021
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Article