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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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SBA updates PPP guidance

The Small Business Administration on Friday updated its frequently asked questions as well as its guidance concerning how to calculate revenue reduction and maximum loan amounts for first- and second-draw Paycheck Protection Program loans.
March 15, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Agencies propose private flood insurance Q&As

Federal regulators requested comments on 24 proposed interagency questions and answers regarding private flood insurance.
March 12, 2021 | ICBA NewsWatch Today   Advocacy Flood Insurance Compliance 

CFPB rescinds abusiveness policy statement

The Consumer Financial Protection Bureau said it is rescinding its January 2020 “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”
March 12, 2021 | ICBA NewsWatch Today   Compliance 

New round of EIPs starts today

The IRS said it will begin distributing the third round of Economic Impact Payments today, with an effective entry date of this Wednesday, March 17.
March 12, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA testifies: Don't leave PPP applicants stranded

The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, ICBA community banker Alice P. Frazier told the House Small Business Committee
March 11, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Congress approves stimulus plan

ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress passed and President Joe Biden is expected to sign into law soon.
March 11, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Joint rule supports Treasury program for CDFIs, MDIs

Federal bank regulators issued an interim final rule that supports the Treasury Department’s Emergency Capital Investment Program, which will provide $9 billion in capital to Community Development Financial Institutions and Minority Depository Institutions.
March 10, 2021 | ICBA NewsWatch Today   MDI 

ICBA: GSE liquidity plan aligns with capital framework

ICBA said it agrees with the Federal Housing Finance Agency's approach to proposed liquidity requirements for Fannie Mae and Freddie Mac.
March 10, 2021 | ICBA NewsWatch Today   Housing Finance/GSEs 

FinCEN issues AML notice on art, antiquities

The Financial Crimes Enforcement Network issued a notice on Anti-Money Laundering Act of 2020 requirements related to antiquities and arts.
March 10, 2021 | ICBA NewsWatch Today   Compliance 

CFPB: sex discrimination prohibitions apply to sexual orientation, gender identity

The Consumer Financial Protection Bureau issued an interpretive rule clarifying that the prohibition against sex discrimination under the Equal Credit Opportunity Act and Regulation B includes discrimination related to sexual orientation and gender identity.
March 10, 2021 | ICBA NewsWatch Today   Compliance 

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