Coronavirus Resources

Archived Industry News:Coronavirus Resources

Last Updated: 1/4/2021 12:54 PM

As concerns grow over the 2019 novel coronavirus (COVID-19), the Iowa Bankers Association wants to ensure member banks have access to resources that will help them monitor the situation and be prepared if the virus disrupts everyday life or business operations.

IBA's COVID-19 Regulatory FAQs

Health Resources

Iowa Department of Public Health — Up-to-date information on the impact of COVID-19 in Iowa, plus travel considerations, prevention tips and general information.
US Center for Disease Control and Prevention — General information from the CDC on the virus, the situation in the U.S., risk assessment, the CDC’s response and more.
World Health Organization — General information on the virus, the WHO’s response, global monitoring of the situation and more.
Social Distancing — Information from the Iowa Department of Public Health on the concept of social distancing.

Business Resources

Expired Identification Poster — Poster instructing business employees how to determine if an Iowa driver's license is still valid under Iowa DOT's six-month extension on expired IDs.
Expired Identfication Behind-the-Counter Card — Card instructing business employees how to determine if an Iowa driver's license is still valid under Iowa DOT's six-month extension on expired IDs.
Coronavirus Signage Messaging for Banks — Sample COVID-19 verbiage for banks to customize and create signage and audio messages for their locations provided by the IBA.
American Bankers Association — A compilation of pandemic planning and business continuity resources relevant to banks.
Society for Human Resource Management — Information on how to prepare your workforce for the potential issues that can come during a communicable disease outbreak.
Occupational Safety and Health Administration — Information for workers and employers about the evolving coronavirus outbreak.
Family and Medical Leave Act — Explanation of FMLA eligibility for coronavirus-associated absences.
Automated Clearing House — Reminder from the National Automated Clearing House Association on responsibilities of financial institutions potentially impacted by coronavirus.

Regulatory Guidance

CFPB provides flexibility during COVID-19 pandemic
Statement on Supervisory and Enforcement Practices Regarding Fair Credit Reporting Act in Light of CARES Act
Treatment of Pandemic Relief Payments Under Reg. E and Application of Compulsory Use Provision
Compliance Bulletin and Policy Guidance: Handing of Information and Documents During Mortgage Servicing Transfers
Amendment to Remittance Transfer Rule and Statement on Supervisory and Enforcement Practices regarding Remittance Transfer Rule in Light of COVID
Statement on Supervisory and Enforcement Practices Regarding Regulation Z Billing Error Resolution Timeframes in Light of COVID-19
CFPB and State Regulators Provide Additional Guidance to Assist Borrowers Impacted by COVID-19
CFPB Issues Interim Final Rule on Loss Mitigations Options for Homeowners Recovering From Pandemic-Related Financial Hardships
CRA FAQs Related to COVID-19
Interagency Lending Principles for Small-Dollar Loans
CFPB Fact Sheet on Transaction coverage under ECOA Valuation Rule
CFPB Fact Sheet on Delivery of appraisals
CFPB Interpretive Rule addressing TRID Rule and Reg. Z Rescission Issues
CFPB FAQs addressing ECOA Valuation Rule Issues
Agencies announce change to Community Bank Leverage Ratio.
Agencies provide appraisal/evaluation relief for certain real estate transactions
Call Report Impact
CFPB Mortgage Servicing Rules FAQs
FEMA — extends grace period for flood insurance renewal premiums
FDIC — Statement on financial institutions working with customers affected by the coronavirus and regulatory and supervisory assistance.
Federal bank regulators issue interim final rule for PPPF
Federal regulatory agencies adopt new interim rule temporarily amending requirements for evaluations/appraisals of real estate for certain transaction on 4/14/20
Federal Reserve Board takes additional action to provide up to $2.3 trillion in loans to support economy
Federal Reserve Financial Services — Statement on the Fed's response to COVID-19.
FinCEN — FinCEN Encourages FI’s to Communicate Concerns Related to COVID-19 and to Remain Alert to Related Illicit Financial Activity.
FinCEN —BSA Obligations and COVID-19 Challenges
FinCEN Advisory (FIN-2017-A007) Regarding Disaster-Related Fraud
FinCEN clarifies beneficial ownership expectations for PPP loans.
FinCEN Guidance on BSA requirements for PPP Loans
FINRA Regulatory Notice 20-08 — Pandemic-related business continuity planning, guidance and regulatory relief.
Financial Services Identified as “Critical Infrastructure
Interagency Statement on Pandemic Planning
Interagency statement encouraging banks to use their resources to support households and businesses and announcing a technical change to phase in the automatic distribution restrictions gradually if a firm’s capital levels decline.
Interagency Statement Encouraging Small-Dollar Loans
Interagency statement on loan modifications when working with customers affected by the coronavirus.
Interagency statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in response to COVID-19 and CARES Act
NACHA — Reminder regarding ACH responsibilities to financial institutions potentially impacted by coronavirus.
OCC — Working with customers affected by coronavirus and regulatory assistance.
Regulatory Agencies — Joint statement from federal regulatory agencies encouraging banks to work with borrowers affected by coronavirus.
Reg. D Interim Final Rule
Related FAQs

Planning and Response Resources

CDC's Repopening Guidance
Iowa Public Health COVID-19 Reopening Guidance
ABA's Guide to Restoring Normal Operations
ABA's Coronavirus Reopening Matrix
Interim Guidance for Businesses and Employers — Recommended strategies and planning considerations from the Centers for Disease Control and Prevention.
Business Pandemic Influenza Planning Checklist — A planning checklist from the Department of Health and Human Services and the Centers for Disease Control and Prevention.
FFIEC Interagency Statement on Pandemic Planning — Actions that financial institutions should take to minimize the potential adverse effects of a pandemic from the Federal Financial Institutions Examination Council.
Tips for Reviewing Emergency Plans — 15 tips for how to address COVID-19 in your bank’s emergency plans.