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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 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 

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