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The ICBA Connect virtual experience set for March 9-10 is designed to energize the whole community banking team! Be prepared to grow as individuals, a team, and as members of the community banking industry.

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Treasury plans EIP outreach for unserved households

Jan 25, 2021 | NewsWatch Today Article
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 Impact Payments.

Yellen nomination advances in Senate

Jan 25, 2021 | NewsWatch Today Article
The Senate Finance Committee unanimously approved the nomination of Janet Yellen for Treasury secretary. The committee vote sends Yellen's nomination to the full Senate for a final confirmation vote, which is scheduled for tonight.

ICBA seeks more gradual increase of same-day ACH limits

Jan 25, 2021 | NewsWatch Today Article
ICBA said it supports Nacha's plan to raise the individual same-day ACH transaction limit from $100,000 to $1 million in 2022. However, ICBA urged Nacha to assess the impact of such an increase before proceeding with its plan to remove dollar limits altogether in 2024.

IRS confirms SBA 7(a) payments no longer taxable income

Jan 22, 2021 | NewsWatch Today Article
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 longer considered taxable income to the borrower.

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ICBA Connect

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MAIN STREET MATTERS

Community Banks Warn Victories with Stimulus Advocacy

Community bankers have hit the ground running this year with another round of Paycheck Protection Program lending, Economic Impact Payment processing, and the everyday business of supporting local communities during the pandemic.

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