NewsWatch Today

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 said it agrees with the Federal Housing Finance Agency's approach to proposed liquidity requirements for Fannie Mae and Freddie Mac.

Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the COVID-19 pandemic.

The Cybersecurity and Infrastructure Security Agency urged public and private sector partners to follow its emergency directive on the Microsoft Exchange widespread vulnerability affecting on-premises deployments.

ICBA and other financial groups called on policymakers to ensure the SBA clears the thousands of Paycheck Protection Program loan applications in process through the end of March.

The Federal Reserve expanded the definition of minority depository institutions to include women-owned financial institutions.

ICBA offers the following community bank takeaways on this week's SBA interim final rule, frequently asked questions, updated application forms, and webinar implementing Paycheck Protection Program changes for IRS Form 1040, Schedule C filers.

The Cybersecurity and Infrastructure Security Agency is hosting a conference call at noon (Eastern time) today on the active exploitation of a vulnerability in Microsoft Exchange Server 2013, 2016, and 2019

Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes effect on at 4:45 p.m. (Eastern time) Friday, March 19.

The Treasury Department opened the application process for the Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.

The SBA released its new interim final rule and new application forms implementing Paycheck Protection Program changes for sole proprietors and other borrowers that file IRS Form 1040, Schedule C. An SBA webinar on the updates is scheduled for today.

While Congress is fast-tracking the next stimulus package, problems with existing recovery programs remain unaddressed, ICBA President and CEO Rebeca Romero Rainey wrote in an op-ed this week.