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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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Bill would establish PPP loan-forgiveness calculator

Reps. Ann Wagner (R-Mo.) and Wm. Lacy Clay (D-Mo.) introduced legislation to establish a free online calculator to complete Paycheck Protection Program loan-forgiveness forms.
June 30, 2020 | ICBA NewsWatch Today  

ICBA backs amendment to advance 'beneficial owner' reform

ICBA and other groups called on Senate leaders to include "beneficial ownership" disclosure relief in the 2021 National Defense Authorization Act.
June 30, 2020 | ICBA NewsWatch Today   Regulatory Relief 

FinCEN issues BSA/AML guidance on hemp businesses

The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers.
June 30, 2020 | ICBA NewsWatch Today   Compliance 

Supreme Court won't consider credit union redlining case

The U.S. Supreme Court declined to review the National Credit Union Administration's field-of-membership rules, ending an ICBA-supported legal challenge going back several years.
June 30, 2020 | ICBA NewsWatch Today   Credit Unions 

CFPB directors may be removed at will, Supreme Court rules

The U.S. Supreme Court ruled that the Consumer Financial Protection Bureau's single-director governance structure is unconstitutional and that the president must have the authority to remove the bureau head.
June 30, 2020 | ICBA NewsWatch Today   Consumer Financial Protection Bureau 

PPP loans continue climb ahead of deadline

Community bank Paycheck Protection Program loans continued to climb ahead of today's deadline for borrower applications, according to an SBA summary of loan approvals through June 27.
June 30, 2020 | ICBA NewsWatch Today  

ICBA Statement on Supreme Court Decision in Credit Union Redlining Case

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued the following statement on today's Supreme Court decision not to review the National Credit Union Administration's field-of-membership rules.
June 29, 2020 | Press Release   Credit Unions 

PPP shines 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 29, 2020 | ICBA NewsWatch Today  

Contact Congress on next pandemic relief package

As Congress considers the next COVID-19 legislative relief package, ICBA is calling on community bankers to provide lawmakers with policy recommendations that will support local communities.
June 29, 2020 | ICBA NewsWatch Today   Crisis Preparedness 

Agencies propose revised flood insurance Q&As

Regulators requested public comment on new and revised interagency questions and answers on flood insurance.
June 29, 2020 | ICBA NewsWatch Today   Advocacy Compliance 

ICBA offers scholarship for veterans

ICBA and The American College of Financial Services are offering a new “20 in 2020” scholarship for veterans and their families seeking careers as community bankers.
June 29, 2020 | ICBA NewsWatch Today  

Retail sales stage a comeback in May, but the hole remains deep

Visa economists break down the latest trends among consumer behaviors in their June Monthly Consumer Monitor report.
June 26, 2020 | News  

FDIC codifies 'valid when made' doctrine

The FDIC issued an ICBA-supported rule codifying agency guidance that the valid interest rate for a loan is determined when the loan is made and is unaffected by a subsequent sale or reassignment to a third party.
June 26, 2020 | ICBA NewsWatch Today   Lending 

SBA updates PPP guidance on maturity dates, fishing boats

The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on maturity dates.
June 26, 2020 | ICBA NewsWatch Today  

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 

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 

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