ICBA this week launched a new resource page with answers to frequently asked questions about the federal response to the COVID-19 outbreak, including programs authorized by the Coronavirus Aid, Relief, and Economic Security Act.
The new FAQs answer questions related to the Small Business Administration's Paycheck Protection Program, the Federal Home Loan Banks, mortgage lending, loan modifications, Federal Reserve lending support, compliance, and more.
ICBA will continue adding to this resource to provide clarity to community bankers about the COVID-19 response programs. Meanwhile, ICBA offers a brief summary of the community banking provisions of the CARES Act.
Additional resources on the COVID-19 response are available on ICBA's Crisis Response and Preparedness Toolkit.