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Find the latest news, FAQs, agency responses, media resources, and information on hurricane preparedness, industry responses to the coronavirus pandemic, PPP lending and much more here.
Senate Banking Committee Republicans led by Sen. Mike Crapo (R-Idaho) called on federal regulators to use their authority to extend the 8 percent Community Bank Leverage Ratio through Dec. 31.
While some sectors are back to their pre-pandemic employment levels, the overall US economy still has more than 8 million fewer jobs than it did before Covid-19 related job losses started a year ago.
During a White House briefing Wednesday, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, said the agency’s most recent data shows the seven-day average of new cases is just under 62,000 cases per day,
This month, ICBA pays tribute to community banks for their ongoing contributions throughout the COVID-19 pandemic in a new video series, which highlights the unmatched role community banks served in supporting their small business customers through the Paycheck Protection Program.
President Joe Biden signed into law ICBA-advocated legislation to extend the Paycheck Protection Program ahead of its scheduled expiration. Previously, any PPP application not approved by March 31 could not receive PPP funds.
The IRS said it expects to begin issuing additional Economic Impact Payments this weekend to federal beneficiaries who do not normally file a tax return.
