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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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Hearing on fintech payments framework

While Congress continues to work on another stimulus package, the House Financial Services Committee has a virtual hearing this week on fintech payments.
September 28, 2020 | ICBA NewsWatch Today   Fintech Regulation 

Regulator council backs stricter GSE capital standards

The Financial Stability Oversight Council largely endorsed the Federal Housing Finance Agency's proposal to raise capital requirements on Fannie Mae and Freddie Mac.
September 28, 2020 | ICBA NewsWatch Today   Lending Mortgage Rules 

ICBA to Congress: Simplify PPP forgiveness

ICBA urged Congress to immediately pass stand-alone legislation to simplify Paycheck Protection Program loan forgiveness to preserve the success of the program.
September 28, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness 

ICBA to Congress: Help Small Businesses by Simplifying PPP Forgiveness

ICBA today urged Congress to immediately pass stand-alone legislation to help millions of small businesses by simplifying Paycheck Protection Program loan forgiveness.
September 25, 2020 | Press Release   Advocacy Crisis Preparedness Lending 

Congress to agencies: Act on PPP asset-threshold impact

ICBA's push for policymakers to address the impact of Paycheck Protection Program loans on regulatory asset thresholds continued making headway.
September 25, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

ICBA Statement for PPP Hearing 9-25-2020

A simplified forgiveness process is urgently needed to ensure the PPP does not become a quagmire of red tape for lenders and borrowers, distracting them from the hard work of restoring employment growth.
September 25, 2020 | News   Advocacy Crisis Preparedness Lending 

ICBA pressing PPP relief in hearing statement

ICBA today is repeating its call for a simplified Paycheck Protection Program forgiveness process in a statement for a House subcommittee hearing.
September 25, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

IRS: Lenders shouldn't report PPP loan forgiveness

The IRS issued guidance clarifying that lenders should not file information returns or furnish payee statements to report the amount of qualifying forgiveness on Paycheck Protection Program loans.
September 25, 2020 | ICBA NewsWatch Today  

FHFA again extends forbearance purchases

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Sept. 30 to Oct. 31 the deadline on buying qualified loans in forbearance.
September 25, 2020 | ICBA NewsWatch Today   Federal Housing Finance Agency 

ICBA supports FDIC program for third-party compliance

ICBA said it supports an FDIC standard-setting organization and voluntary certification program that would ease the process of vetting and partnering with fintechs and other third parties.
September 23, 2020 | ICBA NewsWatch Today   Compliance 

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