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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 FAQs with BSA/AML guidance

The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the Financial Crimes Enforcement Network and BSA/AML compliance.
February 01, 2021 | ICBA NewsWatch Today   Advocacy BSA/AML Compliance Crisis Preparedness Lending 

SBA issues tax guidance on relief payments

The SBA issued several notices on its loan programs, including updated guidance on the tax implications of the six months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES Act.
February 01, 2021 | ICBA NewsWatch Today   Lending Lending 

SBA issues guidance on resolving PPP loan issues

The SBA issued a procedural notice and additional resources on resolving issues with first-draw Paycheck Protection Program loans to ensure borrower eligibility for second-draw loans, including codes to submit to the PPP loan platform.
January 28, 2021 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

USDA announces loan program flexibilities

The USDA announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Service Agency's Farm Storage Facility Loan and the Direct Farm Loan programs.
January 28, 2021 | ICBA NewsWatch Today   Agriculture 

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