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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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Summary of SBA Plan to Claw Back Pandemic-Era 7(a) Program Mispayments

The Small Business Administration recently disclosed that it will directly contact more than 1,000 lenders after it potentially made erroneous 7(a) program payments to borrowers under Section 1112 of the CARES Act. Ultimately, the SBA’s plan is to work with lenders to claw back the Section 1112 program mispayments, which do not involve either the Paycheck Protection Program or SBA’s 504 loan program
March 23, 2022 | News   Small Business Administration 

OCC reports mortgage performance improvement

The OCC said the performance of first-lien mortgages in the federal banking system improved during the fourth quarter of 2021.
March 23, 2022 | ICBA NewsWatch Today   Mortgage Rules OCC 

CFPB issues guidance targeting review fraud

The CFPB’s guidance describes certain business practices related to customer reviews that are generally unlawful under the Consumer Financial Protection Act.
March 23, 2022 | ICBA NewsWatch Today   Consumer Financial Protection Bureau 

Cyber officials: Be on alert for Russian cyberattack

Federal cybersecurity officials called on U.S. critical infrastructure to be prepared to defend against a possible Russian state-sponsored cyberattack.
March 23, 2022 | ICBA NewsWatch Today   Data Breach Cybersecurity 

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