ICBA Newsroom
The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, blog posts, advocacy letters and other news that impacts community bankers.
SEC warns of ransomware attacks
The Securities and Exchange Commission issued an alert about recent reports that threat actors are targeting financial institution networks to access internal resources and deploy ransomware.
July 15, 2020 |
ICBA NewsWatch Today
Cybersecurity
Review process for AML deficiencies paused
The Financial Crimes Enforcement Network issued an advisory on the Financial Action Task Force’s reissued list of jurisdictions with strategic deficiencies in countering money laundering, terrorist financing, and proliferation financing.
July 15, 2020 |
ICBA NewsWatch Today
BSA/AML
FSOC to review secondary mortgage market
The Financial Stability Oversight Council will launch an activities-based review of the secondary mortgage market, the Federal Housing Finance Agency said.
July 15, 2020 |
ICBA NewsWatch Today
Mortgage Rules
Community bank PPP share continues climb
Lenders under $10 billion in assets have made some 2.52 million PPP loans worth more than $229 billion through both rounds of funding, according to SBA data through July 10.
July 14, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness Lending
ICBA seeks updates to Nacha ACH overhaul
ICBA told Nacha that it generally supports a provision in proposed operating rule updates that would employ ACH as a low-cost account-validation method for originators, though it is concerned with the burden on receiving institutions.
July 14, 2020 |
ICBA NewsWatch Today
Compliance
CFPB report touts credit builder loans
The Consumer Financial Protection Bureau released a report on how credit builder loans could help consumers establish credit records and improve the credit scores of those with no outstanding debt. CBLs generally require borrowers to make installment payments before receiving funds.
July 14, 2020 |
ICBA NewsWatch Today
CFPB
First monthly PPP reports due tomorrow: SBA
Paycheck Protection Program lenders must submit the first monthly PPP 1502 report by tomorrow, July 15, according to a new procedural notice issued Monday night by the SBA. The SBA said it is granting a two-day grace period for this month's report.
July 14, 2020 |
ICBA NewsWatch Today
Crisis Preparedness Lending
Stimulus campaign continues amid congressional debate
With Congress continuing to debate the next economic stimulus package, community bankers can continue using ICBA's Be Heard grassroots action center to weigh in with recommendations.
July 14, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
House committee passes ag appropriations
The House Appropriations Committee approved fiscal 2021 agriculture and rural development legislation. The bill allows for a combined $153 billion in discretionary and mandatory funding, an increase of $331 million over fiscal 2020.
July 13, 2020 |
ICBA NewsWatch Today
Agriculture
ICBA: Commercial firms shouldn't own banks
ICBA told the FDIC that commercial firms should not own full-service banks or industrial loan companies, even if they are subject to enhanced supervision and regulation.
July 13, 2020 |
ICBA NewsWatch Today
Lending
CFPB reports on debt settlement, credit counseling
The Consumer Financial Protection Bureau released a report documenting changes in how consumers have used debt settlement and credit counseling for unsecured debt.
July 13, 2020 |
ICBA NewsWatch Today
CFPB
Support grows for ICBA-backed PPP forgiveness bill
Nearly 140 other organizations joined ICBA in urging Congress to advance legislation that would forgive Paycheck Protection Program loans under $150,000.
July 10, 2020 |
ICBA NewsWatch Today
SoFi ditches ILC push for full-service bank charter
Fintech company SoFi applied for a full-service national bank charter with the OCC after withdrawing its industrial loan company application nearly three years ago, according to reports.
July 10, 2020 |
ICBA NewsWatch Today
Lending
ICBA continues fighting debt plan for largest credit unions
ICBA continued pushing back against a National Credit Union Administration proposal that would allow the largest and most complex credit unions to issue subordinated debt as an alternative form of capital.
July 10, 2020 |
ICBA NewsWatch Today
Credit Unions
ICBA resources follow PPP data release
ICBA this week released talking points and a sample letter to PPP borrowers about the SBA and Treasury Department release of information about individual Paycheck Protection Program loans.
July 09, 2020 |
ICBA NewsWatch Today
Crisis Preparedness
ICBA to Approps panel: Don't expand Farm Credit
ICBA urged the House Appropriations Subcommittee on Defense to ensure the fiscal 2021 defense spending bill does not include any expansion of the Farm Credit System.
July 09, 2020 |
ICBA NewsWatch Today
Agriculture
ICBA urging ILC grassroots outreach
ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.
July 09, 2020 |
ICBA NewsWatch Today
Lending
CFPB rescinds part of small-dollar rule
The Consumer Financial Protection Bureau issued a final rule on small-dollar lending that rescinds the mandatory underwriting provisions of the 2017 rule but keeps its payments provisions.
July 08, 2020 |
ICBA NewsWatch Today
CFPB Compliance
ICBA seeking ILC grassroots outreach
ICBA continues calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.
July 08, 2020 |
ICBA NewsWatch Today
Lending
CFPB ratifies regulations following Supreme Court decision
The Consumer Financial Protection Bureau ratified most regulatory actions it took from Jan. 4, 2012, through June 30, 2020. The CFPB said the move provides the financial marketplace with certainty that the rules are valid following last week's Supreme Court ruling that the bureau's single-director governance structure is unconstitutional.
July 08, 2020 |
ICBA NewsWatch Today
CFPB Compliance
Independent Banker
Independent Banker is the award-winning monthly member publication of ICBA. Continually rated the best news source by community bankers, IB provides timely, relevant information and insights to help community banks continue to flourish.
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