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FS-ISAC Coronavirus Update, Feb. 1, 2021
FS-ISAC Coronavirus Update, Feb. 1, 2021 Amid a sometimes chaotic rollout of vaccines across the US, health experts say a glimmer of good news has emerged, with recent reports of cases in nursing...
SBA updates PPP FAQs with BSA/AML guidance
SBA updates PPP FAQs with BSA/AML guidance The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the Financial Crimes Enforcement Network and BSA/AML...
SBA issues tax guidance on relief payments
SBA issues tax guidance on relief payments The SBA issued several notices on its loan programs, including updated guidance on the tax implications of the six months of 7(a), 504, and Microloan...
What to Expect at ICBA Connect
What to Expect at ICBA Connect This year, ICBA’s annual convention will come in the form of ICBA Connect, an immersive livestreamed event on March 9 and 10 for community bank leaders and their...
FS-ISAC Coronavirus Breaking News, Jan. 29, 2021
FS-ISAC Coronavirus Breaking News, Jan. 29, 2021 Johnson & Johnson said Friday that its single-dose coronavirus vaccine was 72% effective in protecting against moderate and severe Covid-19 in the...
FS-ISAC Coronavirus Update, Jan. 28, 2021
FS-ISAC Coronavirus Update, Jan. 28, 2021 New Covid-19 cases continue to trend downward, with 16% fewer cases reported this week than last, but 95% of the US population lives in a county that the...
CISA - COVID-19 and Vaccine Distribution - Ongoing
CISA - COVID-19 and Vaccine Distribution - Ongoing The Cybersecurity and Infrastructure Security Agency announced a series of teleconferences on COVID-19 and vaccine distribution. The Cybersecurity...
FS-ISAC Coronavirus Update, Jan. 27, 2021
FS-ISAC Coronavirus Update, Jan. 27, 2021 More than 24.6 million doses of Covid-19 vaccine have been administered in the US, according to data published Wednesday by the US Centers for Disease...
USDA announces loan program flexibilities
USDA announces loan program flexibilities The USDA announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Service Agency's Farm...
SBA issues guidance on 7(a), 504 programs
SBA issues guidance on 7(a), 504 programs In addition to its guidance on PPP loan issues, the SBA also issued guidance on Economic Aid Act provisions affecting the agency's 7(a) and 504 loan...
FS-ISAC Coronavirus Update, Jan. 26, 2021
FS-ISAC Coronavirus Update, Jan. 26, 2021 The Centers for Disease Control and Prevention reported today that nearly 20 million people have received at least one dose of the vaccine, and nearly 3.5...
SBA plans improvements to PPP loan reviews
SBA plans improvements to PPP loan reviews The SBA said it is working to improve reviews of first-draw Paycheck Protection Program loans. The agency said anomalies—mostly data mismatches and...
ICBA advocacy briefing this week
ICBA advocacy briefing this week ICBA's next Community Bank Briefing with an update from Washington is set for 2 p.m. (Eastern time) this Thursday, Jan. 28. ICBA's next Community Bank Briefing with...
FS-ISAC Coronavirus Update, Jan. 25, 2021
FS-ISAC Coronavirus Update, Jan. 25, 2021 The latest coronavirus update from FS-ISAC reports that a bipartisan group of US lawmakers met virtually with Biden administration officials Sunday to push...
FS-ISAC Coronavirus Update, Jan. 22, 2021
FS-ISAC Coronavirus Update, Jan. 22, 2021 The US Centers for Disease Control and Prevention reported on Friday that 1.6 million more COVID-19 vaccines have been given out, the biggest single-day...
ICBA encouraging responses to advocacy survey
ICBA encouraging responses to advocacy survey ICBA is calling on community bankers to complete its State of Advocacy survey to help identify new and existing community banker relationships with...
FS-ISAC Coronavirus Update 2, Jan. 25, 2021
FS-ISAC Coronavirus Update 2, Jan. 25, 2021 The number of new US coronavirus cases reported over the past seven days is 22% lower than a week ago and the seven-day average has been trending down...
GAO seeking PPP feedback
GAO seeking PPP feedback The Government Accountability Office will be surveying a sample of Paycheck Protection Program lenders in the coming weeks to gather feedback about their experiences with...
ICBA Congratulates Janet Yellen on Treasury Secretary Confirmation
ICBA Congratulates Janet Yellen on Treasury Secretary Confirmation Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following congratulatory statement on...
SBA working to identify potential PPP updates
SBA working to identify potential PPP updates The SBA on Saturday said it is working to ensure the Paycheck Protection Program appropriately accounts for the changes that businesses may have...
Treasury plans EIP outreach for unserved households
Treasury plans EIP outreach for unserved households The Treasury Department announced plans to help the up to 8 million households that have not yet been able to access either round of Economic...
Yellen nomination advances in Senate
Yellen nomination advances in Senate The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the...
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...
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...
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...
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...
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...
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...
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...
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...
FS-ISAC Coronavirus Update, Jan. 20, 2021
FS-ISAC Coronavirus Update, Jan. 20, 2021 The vaccine developed by Pfizer-BioNTech is likely to be just as effective against the highly transmissible strain of the coronavirus that was first...
Agencies issue FAQs on SARs
Agencies issue FAQs on SARs Federal regulators issued responses to frequently asked questions regarding Suspicious Activity Reports and other anti-money-laundering considerations. Federal...
Agencies finalize rules on supervisory guidance
Agencies finalize rules on supervisory guidance The FDIC, OCC, and CFPB issued final rules to clarify and codify the role of supervisory guidanc The FDIC, OCC, and CFPB issued final rules to...
FS-ISAC Coronavirus Update, Jan. 18, 2021
FS-ISAC Coronavirus Update, Jan. 18, 2021 Today's coronavirus update from FS-ISAC details the rising number of infections in California, the push to widen vaccinations across the country and the...
USDA finalizes hemp rule
USDA finalizes hemp rule The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for...
FS-ISAC Coronavirus Update, Jan. 15, 2021
FS-ISAC Coronavirus Update, Jan. 15, 2021 In today's coronavirus update from FS-ISAC, the Centers for Disease Control and Prevention says more than 11 million received their first coronavirus shots...
PPP reopening for more lenders today
PPP reopening for more lenders today The SBA will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time) today. The...
FBI alert, webinar offer threat update
FBI alert, webinar offer threat update The FBI issued an alert on violence related to the electoral certification and inauguration of President-elect Joe Biden. The alert recaps investigative...
CFPB finalizes escrow relief
CFPB finalizes escrow relief The Consumer Financial Protection Bureau issued a final rule implementing ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans. The...
ICBA Announces Nominations for 2021-22 Board of Directors
ICBA Announces Nominations for 2021-22 Board of Directors The Independent Community Bankers of America (ICBA) today announced the nominees to serve on its 2021-22 board of directors Community...