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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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Merchants and Planters Bank and MK Decision Partner to Deliver Online Credit Card Applications to their Customers

July 02, 2020 | News  

Independent Banker: Small biz loves community banks

The July issue of Independent Banker magazine focuses on why small businesses love their community banks—especially now. The cover story profiles four enterprising business owners whose community banks have guided them through thick and thin.
July 02, 2020 | ICBA NewsWatch Today   Advocacy 

House sends PPP extension to president

The House passed legislation to extend the Paycheck Protection Program application deadline until Aug. 8, sending it to President Donald Trump to be signed into law. The House vote came hours after the SBA stopped accepting PPP applications.
July 02, 2020 | ICBA NewsWatch Today  

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 

FDIC ILC Rule Comment Letter

The Independent Community Bankers of America appreciates this opportunity to provide feedback to the Federal Deposit Insurance Corporation’s request for comments in response to its Notice of Proposed Rulemaking on the supervision of the Parent Companies of Industrial Banks and Industrial Loan Companies.
July 01, 2020 | News   Commerce & Banking 

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 

ICBA opposes resubmitted Rakuten ILC application

ICBA called on the FDIC to deny Rakuten Bank America’s resubmitted federal deposit insurance application and urged Congress to permanently close the industrial loan company loophole.
July 01, 2020 | ICBA NewsWatch Today   Commerce & Banking 

Senate votes to extend PPP into August

The Senate passed legislation to extend the Paycheck Protection Program application deadline until Aug. 8, sending it to the House hours before the SBA stopped accepting PPP applications.
July 01, 2020 | ICBA NewsWatch Today  

Independent Banker

Independent Banker is the award-winning monthly member publication of ICBA. Continually rated the best news source by community bankers, IB provides timely, relevant information and insights to help community banks continue to flourish.

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