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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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GAO: $1.4B in stimulus payments to deceased people

The Government Accountability Office's report on the federal COVID-19 response reported that the IRS sent nearly $1.4 billion in Economic Impact Payments to nearly 1.1 million deceased individuals.
June 26, 2020 | ICBA NewsWatch Today   Crisis Preparedness Lending 

Wolters Kluwer launches TSoftPlus PPP Forgiveness Module to Support US Paycheck Protection Program Participants

June 26, 2020 | News  

Regulators modify Volcker Rule

Financial regulators finalized a rule modifying the Volcker Rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.
June 26, 2020 | ICBA NewsWatch Today   Compliance Compliance 

ICBA opposes Rakuten ILC resubmission

ICBA said the FDIC should deny Japanese e-commerce conglomerate Rakuten's application for federal deposit insurance at its Rakuten Bank America industrial loan company.
June 26, 2020 | ICBA NewsWatch Today   Commerce & Banking 

Romero Rainey: PPP shines positive light on community banks

The Paycheck Protection Program has cast a national light on the role of community banks in supporting small businesses, ICBA President and CEO Rebeca Romero Rainey writes in Main Street Matters.
June 25, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness Lending 

Comment Letter to the FDIC on Rakuten

The Independent Community Bankers of America appreciates this opportunity to comment on the re-submission by Rakuten Card Co., Ltd. (Rakuten Card Japan) a subsidiary of Rakuten, Inc., of an application for federal deposit insurance with the Federal Deposit Insurance Corporation to insure the deposits of Rakuten Bank America (Rakuten Bank), an industrial bank or “ILC” to be chartered under Utah law.
June 25, 2020 | News   Agriculture Commerce & Banking 

Main Street Inc. Announces Partnership With Community Bankers Association of Ohio

June 25, 2020 | News  

ICBA offers Congress stimulus recommendations

As Congress considers the next legislative package to address the economic fallout from the COVID-19 pandemic, ICBA weighed in with recommendations to support local communities.
June 25, 2020 | ICBA NewsWatch Today   Crisis Preparedness 

SBA revises PPP restrictions for applicants with felonies

The SBA issued a new Paycheck Protection Program interim final rule revising its recently updated eligibility guidelines for borrowers facing criminal charges. Newly revised borrower and lender application forms dated June 24 incorporate the changes.
June 25, 2020 | ICBA NewsWatch Today   Advocacy Crisis Preparedness 

Agencies issue 2019 HMDA data

The Federal Financial Institutions Examination Council released data on 2019 mortgage lending transactions covered by the Home Mortgage Disclosure Act.
June 25, 2020 | ICBA NewsWatch Today   Mortgage Rules 

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