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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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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 

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