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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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ICBA continues opposition to Rakuten ILC application

Rakuten Bank America’s resubmitted deposit insurance application continues to pose risks of mixing banking and commerce due to Rakuten Inc.’s diverse and global commercial activities, ICBA told the FDIC.
February 16, 2021 | ICBA NewsWatch Today   Lending 

ICBA to OCC: Rescind unvetted charter policy shift

ICBA and other groups asked the OCC to rescind an interpretive letter expanding eligibility to apply for a national trust charter as well as the conditional charter approvals for Anchorage Digital Bank and Protego Trust Bank.
February 16, 2021 | ICBA NewsWatch Today   Fintech Regulation 

Fed extends rule allowing PPP loans to directors

The Federal Reserve Board again extended its rule allowing certain bank directors and shareholders to apply to their banks for Paycheck Protection Program loans for their small businesses.
February 10, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Smaller lenders continue leading PPP lending

Insured depository institutions under $10 billion in assets in 2021 have approved more than 608,000 Paycheck Protection Program loans worth $39.4 billion, according to the latest SBA data.
February 10, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

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