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.
IRS cancels stimulus payments to ineligible recipients
The IRS cancelled outstanding Economic Impact Payment checks issued to recipients who may not be eligible for the stimulus payments, including those who might be deceased.
July 08, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
ICBA offers resources on 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 08, 2020 |
ICBA NewsWatch Today
ICBA urging grassroots on ILC loophole
ICBA is calling on community bankers to urge their senators to co-sponsor legislation to close the industrial loan company loophole.
July 07, 2020 |
ICBA NewsWatch Today
Lending
CFPB details higher-level exams
The Consumer Financial Protection Bureau posted frequently asked questions about prioritized assessments, a new supervisory approach the bureau developed in response to the COVID-19 pandemic.
July 07, 2020 |
ICBA NewsWatch Today
Crisis Preparedness
ICBA resources follow release of PPP data
Following the SBA and Treasury Department release of information about individual Paycheck Protection Program loans, ICBA released talking points and a sample letter to PPP borrowers about the agency announcement.
July 07, 2020 |
ICBA NewsWatch Today
PPP calculator bill introduced in Senate
ICBA thanked Sens. Angus King (I-Maine) and John Kennedy (R-La.) for introducing legislation to establish a free online calculator to complete Paycheck Protection Program loan-forgiveness forms.
July 07, 2020 |
ICBA NewsWatch Today
House subcommittee set to pass ag appropriations
The House Appropriations Agriculture Subcommittee adopted fiscal 2021 agriculture and rural development legislation.
July 07, 2020 |
ICBA NewsWatch Today
Agriculture
ICBA on PPP extension: Community banks a lifeline
ICBA said community banks will continue working to meet the needs of their communities after Congress passed and President Trump signed a law extending the Paycheck Protection Program application deadline.
July 06, 2020 |
ICBA NewsWatch Today
Advocacy Crisis Preparedness
ICBA's Merski talks community banks on business podcast
ICBA's Paul Merski discussed the benefits of community banks to small businesses and local communities in a new podcast interview.
July 06, 2020 |
ICBA NewsWatch Today
CFPB begins implementing escrow exemption
The Consumer Financial Protection Bureau issued a proposed rule to implement ICBA-supported relief from mandatory escrow requirements for higher-priced mortgage loans.
July 06, 2020 |
ICBA NewsWatch Today
Compliance Mortgage Rules
Edward Jones applies for ILC
The Jones Financial Companies said it has applied with the FDIC and Utah Department of Financial Institutions to establish the Edward Jones Bank industrial loan company.
July 06, 2020 |
ICBA NewsWatch Today
Lending
Senate bill would forgive PPP loans under $150K
Senate Banking Committee member Kevin Cramer (R-N.D.) introduced ICBA-supported legislation that would forgive Paycheck Protection Program loans under $150,000.
July 02, 2020 |
ICBA NewsWatch Today
Independent Banker: Small biz loves community banks
The July issue of Independent Banker magazine focuses on why small businesses love their community banks—especially now. The cover story profiles four enterprising business owners whose community banks have guided them through thick and thin.
July 02, 2020 |
ICBA NewsWatch Today
Advocacy
House sends PPP extension to president
The House passed legislation to extend the Paycheck Protection Program application deadline until Aug. 8, sending it to President Donald Trump to be signed into law. The House vote came hours after the SBA stopped accepting PPP applications.
July 02, 2020 |
ICBA NewsWatch Today
ICBA to FDIC: Commercial firms should not own ILCs
ICBA commended the FDIC for working to strengthen its supervisory processes for non-commercial parent companies of industrial loan companies, but it said the agency's proposal falls short of ensuring the safety and soundness of these companies.
July 02, 2020 |
ICBA NewsWatch Today
Lending
Regulators warn of LIBOR transition risks
Financial regulators issued a joint statement highlighting the risks of transitioning from LIBOR. The Federal Financial Institutions Examination Council encouraged institutions to continue the switch to alternative reference rates to mitigate financial, legal, operational, and consumer protection risks.
July 02, 2020 |
ICBA NewsWatch Today
Lending
ICBA: Bill to establish PPP calculator supports small biz
ICBA thanked Reps. Ann Wagner (R-Mo.) and Wm. Lacy Clay (D-Mo.) for introducing legislation to establish a free online calculator to complete Paycheck Protection Program loan-forgiveness forms.
July 01, 2020 |
ICBA NewsWatch Today
ICBA urges passage of military-banking parity
ICBA urged congressional leaders to support a provision of the Senate's 2021 National Defense Authorization Act that would promote parity between banks and credit unions on military bases.
July 01, 2020 |
ICBA NewsWatch Today
Military Lending
ICBA opposes resubmitted Rakuten ILC application
ICBA called on the FDIC to deny Rakuten Bank America’s resubmitted federal deposit insurance application and urged Congress to permanently close the industrial loan company loophole.
July 01, 2020 |
ICBA NewsWatch Today
Commerce & Banking
Senate votes to extend PPP into August
The Senate passed legislation to extend the Paycheck Protection Program application deadline until Aug. 8, sending it to the House hours before the SBA stopped accepting PPP applications.
July 01, 2020 |
ICBA NewsWatch Today
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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