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Climate change poses risks to FIs: Fed's Brainard

Climate change poses risks to FIs: Fed's Brainard Federal Reserve Governor Lael Brainard said climate change is already imposing substantial economic costs while presenting risks and opportunities...

Feb 19, 2021
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Article
Agriculture

Fed extends netting protections

Fed extends netting protections The Federal Reserve Board issued a final rule to apply netting protections to a broader range of financial institutions. The Federal Reserve Board issued a final...

Feb 19, 2021
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Article
Federal Reserve Compliance

Fed's Powell testifying this week

Fed's Powell testifying this week Federal Reserve Chairman Jerome Powell is slated to testify this week before the Senate Banking Committee and House Financial Services Committee on the agency's...

Feb 22, 2021
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Article
Federal Reserve

Minority bank webinar on evaluating capital opportunities

Minority bank webinar on evaluating capital opportunities ICBA, ICBA Securities, and Vining Sparks are hosting a complimentary webinar for FDIC-designated Minority Depository Institutions on...

Feb 22, 2021
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Article
Minority Owned Depository Institutions (MDI)

USDA announces dealer trust for livestock sellers

USDA announces dealer trust for livestock sellers The USDA Agricultural Marketing Service announced a new Dealer Statutory Trust for livestock sellers, in accordance with the year-end...

Feb 19, 2021
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Article
Agriculture

ICBA updates 'Return to the New Normal' guide

ICBA updates 'Return to the New Normal' guide ICBA updated its "Return to the New Normal" guide featuring suggestions to help community banks resume more normal operations and person-to-person...

Feb 18, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA issues summary on new BSA/AML law

ICBA issues summary on new BSA/AML law ICBA recently issued a summary on the defense spending law enacted at the beginning of the year that includes BSA/AML reforms. ICBA recently issued a summary...

Feb 18, 2021
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

FS-ISAC Coronavirus Update, Feb. 17, 2021

FS-ISAC Coronavirus Update, Feb. 17, 2021 A new report published in the New England Journal of Medicine on Wednesday suggests that Pfizer-BioNTech’s Covid-19 vaccine can protect people against...

Feb 18, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Government measures target North Korean cybercrime

Government measures target North Korean cybercrime The Justice Department indicted three North Korean computer programmers for participating in a series of cyberattacks designed to steal and extort...

Feb 18, 2021
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Article
Cybersecurity

SBA shortens period for relief payments

SBA shortens period for relief payments The SBA issued new guidance adjusting the number of months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES...

Feb 17, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA Continues Call for Joint CRA Rulemaking

The Independent Community Bankers of America today reiterated its call for federal regulators to work together on updated Community Reinvestment Act regulations in a comment letter to the Federal...

Feb 16, 2021
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Article
Community Reinvestment Act (CRA)

FS-ISAC Coronavirus Update, Feb. 15, 2021

FS-ISAC Coronavirus Update, Feb. 15, 2021 The seven-day average of new COVID-19 cases in the US has declined in 40 states and territories, remained the same in eight, and increased in three states,...

Feb 16, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

SBA issues new loan program guidance

SBA issues new loan program guidance The SBA on Friday night issued two notices on its lending programs. Further PPP information and resources are available on the SBA and Treasury sites and ICBA's...

Feb 16, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, Feb. 12, 2021

FS-ISAC Coronavirus Update, Feb. 12, 2021 The US Centers for Disease Control and Prevention said Friday that schools can safely open as long as a range of precautions are in place, offering a...

Feb 12, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Policymakers to Participate in ICBA ThinkTECH Accelerator Event

Policymakers to Participate in ICBA ThinkTECH Accelerator Event ICBA, in partnership with The Venture Center and the State of Arkansas, will host a one-day virtual summit for policymakers and the...

Feb 17, 2021
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Article

OCC allows closures due to Winter Storm Uri

OCC allows closures due to Winter Storm Uri The OCC issued a proclamation allowing national banks and federal savings associations to close offices affected by Winter Storm Uri at their discretion....

Feb 17, 2021
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Article
Compliance

White House extends forbearance, foreclosure protections

White House extends forbearance, foreclosure protections The Biden administration extended the foreclosure moratorium and mortgage forbearance on certain loans through the end of June. The Biden...

Feb 17, 2021
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Article
Advocacy Crisis Preparedness Lending +1 More...

FS-ISAC Coronavirus Update, Feb. 16, 2021

FS-ISAC Coronavirus Update, Feb. 16, 2021 The rate of new US coronavirus cases continued to decline Monday and Tuesday, as the country’s rolling average of daily infections fell below 90,000 for...

Feb 16, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

ICBA continues opposition to Rakuten ILC application

ICBA continues opposition to Rakuten ILC application Rakuten Bank America’s resubmitted deposit insurance application continues to pose risks of mixing banking and commerce due to Rakuten Inc.’s...

Feb 16, 2021
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Article
Lending

ICBA to OCC: Rescind unvetted charter policy shift

ICBA to OCC: Rescind unvetted charter policy shift ICBA and other groups asked the OCC to rescind an interpretive letter expanding eligibility to apply for a national trust charter as well as the...

Feb 16, 2021
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Article
Fintech Regulation