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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.

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IRS: PPE is tax deductible

The Internal Revenue Service clarified that the purchase of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 are deductible medical expenses.
March 29, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Deadline for credit union comment letters extended

While ICBA last week submitted its comment letter urging the National Credit Union Administration to withdraw a proposal on credit union services organizations, community banks can still submit comment letters after the agency extended the deadline 30 days.
March 29, 2021 | ICBA NewsWatch Today   Credit Unions 

USDA asks lenders to suspend adverse actions against socially disadvantaged farmers

The USDA’s Farm Service Agency asked lenders to suspend adverse actions against guaranteed farm loan borrowers who are members of socially disadvantaged (SDA) groups while the agency develops a method to pay off SDA borrowers' direct and guaranteed loans.
March 29, 2021 | ICBA NewsWatch Today   Agriculture USDA Farm Loan Programs 

ICBA supports bill offering rural lending tax relief

ICBA thanked Reps. Ron Kind (D-Wis.) and Randy Feenstra (R-Iowa) for introducing legislation to exempt from taxation interest income on farm real estate and rural mortgage loans.
March 26, 2021 | ICBA NewsWatch Today   Agriculture 

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