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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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CFPB extends GSE 'patch'

The Consumer Financial Protection Bureau extended the government-sponsored enterprise "patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the Qualified Mortgage rule.
October 21, 2020 | ICBA NewsWatch Today   Consumer Financial Protection Bureau Compliance 

ICBA hosting PPP webinar today

ICBA is scheduled to host a complimentary Paycheck Protection Program webinar at 11:30 a.m. EST today. Staff experts will answer questions and discuss streamlined PPP forgiveness procedures, ICBA advocacy on PPP and EIDL advances, and more.
October 20, 2020 | ICBA NewsWatch Today  

ICBA-Advocated FDIC Rule Ensures Community Banks Not Inadvertently Punished for PPP Leadership

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the FDIC's adjustment to regulatory asset thresholds.
October 20, 2020 | Press Release  

FHFA again extends forbearance purchases

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance and several loan-origination flexibilities.
October 20, 2020 | ICBA NewsWatch Today   Federal Housing Finance Agency Housing Finance/GSEs 

OCC: Take PPP accounting concerns to FASB

The OCC encouraged ICBA to take community bank concerns over the PPP's complex accounting arrangement to the Financial Accounting Standards Board.
October 20, 2020 | ICBA NewsWatch Today  

PPP grassroots continues ahead of Senate votes

With the Senate bringing two separate measures that include PPP forgiveness simplification to a vote starting today, ICBA continues calling on community bankers and their small-business contacts to weigh in with lawmakers.
October 20, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA commends FDIC on appeals plan

ICBA commended the FDIC for proposing to create an independent office within the agency to review material supervisory determinations.
October 20, 2020 | ICBA NewsWatch Today   Federal Deposit Insurance Corporation 

SBA PPP Guidance Includes Simplified Processes, Borrower Notification, and EIDL Advance Deductions

ICBA released a summary of recent Paycheck Protection Program guidance, including a simplified forgiveness process and guidelines on Economic Injury Disaster Loan advances.
October 20, 2020 | News   Advocacy Crisis Preparedness Lending 

ICBA continues PPP video series

ICBA continues its series of videos featuring small-business owners who successfully received PPP loans from community banks. The series on the updated banklocally.org features entrepreneurs whose local community banks worked around the clock to process their loans.
October 16, 2020 | ICBA NewsWatch Today  

SBA offers EIDL info on PPP platform

Information on Economic Injury Disaster Loan advances is now available on the Paycheck Protection Program Forgiveness Platform for submitted decisions, the SBA said in a letter to lenders with several updates on processing forgiveness payments.
October 16, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

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