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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 

PPP complexity could limit effectiveness: GAO

The complexity and lack of guidance surrounding Paycheck Protection Program loan forgiveness could limit the effectiveness of future rounds of the program, the GAO reported.
September 23, 2020 | ICBA NewsWatch Today  

House passes ICBA-backed minority bank bill

The House passed ICBA-supported legislation that would modify regulatory processes to support Minority Depository Institutions.
September 23, 2020 | ICBA NewsWatch Today   MDI 

Treasury, IRS lack info on EIP non-filers: GAO

The Treasury Department and IRS lack updated information on how many eligible Economic Impact Payment recipients have yet to receive their funds, the GAO said.
September 23, 2020 | ICBA NewsWatch Today   Crisis Preparedness Lending 

ICBA Response to FDIC Request for Information

ICBA welcomes the opportunity to respond to the FDIC's request for information hat seeks input on whether a standard-setting and voluntary-certification program could support community banks’ efforts in partnering with third parties.
September 22, 2020 | News   Fintech Regulation 

FDIC working on PPP asset-threshold impact: McWilliams

The FDIC is exploring options to address the impact of Paycheck Protection Program loans on regulatory asset thresholds, FDIC Chairman Jelena McWilliams told ICBA.
September 21, 2020 | ICBA NewsWatch Today  

Fed updates FAQs on Main Street Lending Program

The Federal Reserve Board updated its frequently asked questions on the Main Street Lending Program to clarify expectations regarding lender underwriting.
September 21, 2020 | ICBA NewsWatch Today   Lending 

ICBA seeks PPP accounting simplification

ICBA asked the federal banking regulators to allow community banks to recognize Paycheck Protection Program fees as income in their call reports.
September 21, 2020 | ICBA NewsWatch Today  

New FDIC academic challenge focuses on community banks

The FDIC launched the agency’s first-ever Academic Challenge, which will be focused on the effects of community banks on local economic development.
September 21, 2020 | ICBA NewsWatch Today   Federal Deposit Insurance Corporation 

Fed vote today on CRA reform notice

The Federal Reserve Board is scheduled to vote today on an advance notice of proposed rulemaking on Community Reinvestment Act regulation.
September 21, 2020 | ICBA NewsWatch Today   CRA 

ICBA Statement on Fed Community Reinvestment Act Notice

ICBA President and CEO Rebeca Romero Rainey released a statement on today's Federal Reserve advance notice of proposed rulemaking on reforming Community Reinvestment Act regulations.
September 21, 2020 | Press Release   CRA 

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