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ICBA to CFPB: Expand 'seasoned' QM plan

ICBA to CFPB: Expand 'seasoned' QM plan ICBA encouraged the CFPB to expand on its proposal to create a new category of "seasoned" qualified mortgages. ICBA encouraged the CFPB to expand on its...

Oct 02, 2020
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Article
Consumer Financial Protection Bureau (CFPB)

ICBA Offers Cybersecurity Tips So Consumers Can Connect Online with Confidence

ICBA Offers Cybersecurity Tips So Consumers Can Connect Online with Confidence As Americans venture online in greater numbers to accommodate work, school and shopping, ICBA and the nation’s...

Oct 01, 2020
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Article
Cybersecurity

ICBA to Participate in 'Sandbox' Project to Improve Mortgage Rules

ICBA to Participate in 'Sandbox' Project to Improve Mortgage Rules ICBA President and CEO Rebeca Romero Rainey issued a statement on TILA-RESPA Integrated Disclosure Rule innovation during today's...

Oct 01, 2020
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Article
Mortgage Rules

Enlist small businesses in PPP push

Enlist small businesses in PPP push ICBA is now calling on community bankers to enlist small-business customers in urging Congress to immediately pass legislation to simplify Paycheck Protection...

Oct 01, 2020
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Article
Advocacy Crisis Preparedness Lending

Bowman: Community banks critical to PPP

Bowman: Community banks critical to PPP Community banks were essential to the success of the Paycheck Protection Program by serving the smallest businesses outside the focus of larger banks,...

Oct 01, 2020
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Article
Crisis Preparedness Lending

ICBA, agency roundtable on homeownership today

ICBA, agency roundtable on homeownership today ICBA President and CEO Rebeca Romero Rainey is scheduled to join top regulators at 3 p.m. (Eastern time) today for a virtual roundtable discussion on...

Oct 01, 2020
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Article
Housing Finance/GSEs

Comment Letter Regarding DOJ's Bank Merger Competitive Review Guidelines

Comment Letter Regarding DOJ's Bank Merger Competitive Review Guidelines The competitive landscape of the banking industry has changed substantially since the Bank Merger Competitive Review...

Sep 30, 2020
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Article
Too-Big-To-Fail/Systemic Risk

Hearing on fintech payments framework

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. While...

Sep 28, 2020
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Article
Fintech Regulation

Regulator council backs stricter GSE capital standards

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...

Sep 28, 2020
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Article
Lending Mortgage Rules

ICBA to Congress: Simplify PPP forgiveness

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...

Sep 28, 2020
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Article
Advocacy Crisis Preparedness

ICBA to Congress: Help Small Businesses by Simplifying PPP Forgiveness

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...

Sep 25, 2020
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Article
Advocacy Crisis Preparedness Lending

Congress to agencies: Act on PPP asset-threshold impact

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...

Sep 25, 2020
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Article
Advocacy Crisis Preparedness Lending

Virtual BSA/AML Institute in November

Virtual BSA/AML Institute in November With the regulatory agencies committing to tougher and more inclusive BSA/AML exams, Community Banker University is hosting an upcoming BSA/AML Institute. With...

Sep 29, 2020
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Article
Compliance

PPP loan-forgiveness problems make news

PPP loan-forgiveness problems make news Politico reported on the frustrations of community banks and other lenders with the Paycheck Protection Program's loan-forgiveness process. Politico reported...

Sep 29, 2020
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Article
Advocacy Crisis Preparedness

ICBA opposes threshold change on securities filings

ICBA opposes threshold change on securities filings ICBA filed a comment letter opposing the SEC's proposal to raise the threshold over which institutional investment managers are required to file...

Sep 29, 2020
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Article
Securities Exchange Commission (SEC)

ICBA Statement for PPP Hearing 9-25-2020

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...

Sep 25, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA pressing PPP relief in hearing statement

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. ICBA...

Sep 25, 2020
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Article
Advocacy Crisis Preparedness Lending

IRS: Lenders shouldn't report PPP loan forgiveness

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...

Sep 25, 2020
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Article

FHFA again extends forbearance purchases

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...

Sep 25, 2020
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Article
Federal Housing Finance Agency

ICBA supports FDIC program for third-party compliance

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...

Sep 23, 2020
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Article
Compliance

FDIC working on PPP asset-threshold impact: McWilliams

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...

Sep 21, 2020
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Article

Fed updates FAQs on Main Street Lending Program

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...

Sep 21, 2020
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Article
Lending

ICBA seeks PPP accounting simplification

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. ICBA asked...

Sep 21, 2020
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Article

New FDIC academic challenge focuses on community banks

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...

Sep 21, 2020
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Article
Federal Deposit Insurance Corporation (FDIC)

Fed vote today on CRA reform notice

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. The Federal Reserve...

Sep 21, 2020
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Article
Community Reinvestment Act (CRA)

PPP complexity could limit effectiveness: GAO

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...

Sep 23, 2020
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Article

House passes ICBA-backed minority bank bill

House passes ICBA-backed minority bank bill The House passed ICBA-supported legislation that would modify regulatory processes to support Minority Depository Institutions. The House passed...

Sep 23, 2020
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Article
Minority Owned Depository Institutions (MDI)

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

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...

Sep 23, 2020
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Article
Crisis Preparedness Lending

ICBA Response to FDIC Request for Information

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...

Sep 22, 2020
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Article
Fintech Regulation

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.

Sep 21, 2020
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Article
Community Reinvestment Act (CRA)

Bailey Yeager Joins ICBA as Director of Marketing Strategy and Execution

Bailey Yeager Joins ICBA as Director of Marketing Strategy and Execution The Independent Community Bankers of America announced today the hire of Bailey Yeager as director of marketing strategy and...

Sep 16, 2020
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Article

ICBA Statement on CFPB Small-Business Proposal Outline

ICBA Statement on CFPB Small-Business Proposal Outline ICBA President and CEO Rebeca Romero Rainey issued a statement on today's Consumer Financial Protection Bureau outline of proposals to...

Sep 15, 2020
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Article
Consumer Financial Protection Bureau (CFPB) Lending

Push continues on next stimulus package

Push continues on next stimulus package ICBA is calling on community bankers to urge lawmakers to include common-sense policies benefiting local communities in the next economic stimulus package....

Sep 15, 2020
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Article
Crisis Preparedness

FinCEN issues AML standards for unregulated entities

FinCEN issues AML standards for unregulated entities The Financial Crimes Enforcement Network issued a Bank Secrecy Act final rule that requires minimum anti-money-laundering standards for banks...

Sep 15, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

Senate stimulus package includes ICBA priorities

Senate stimulus package includes ICBA priorities Senate Republicans introduced a scaled-back coronavirus relief package that includes ICBA-advocated provisions contained in previous drafts. Senate...

Sep 09, 2020
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Article
Crisis Preparedness

ICBA backs extension of patent litigation program

ICBA backs extension of patent litigation program ICBA and other members of the Quality Patents Coalition expressed support for a one-year extension of the Patent and Trademark Office's program for...

Sep 09, 2020
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Article

Agencies extend flood insurance comment period

Agencies extend flood insurance comment period Federal regulators said they will extend until Nov. 3 the comment period on a proposal to revise interagency questions and answers on flood insurance....

Sep 02, 2020
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Article
Compliance Compliance

Visa Small Business Outlook: Summer 2020

Visa Small Business Outlook: Summer 2020 Small business spending fell sharply for the second straight quarter due to a significant drop in revenues caused by pandemic lockdowns. Small business...

Sep 01, 2020
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Article

ICBA to Community Banks: You are All Winners

ICBA to Community Banks: You are All Winners ICBA announced this year’s National Community Bank Service Awards by recognizing community banks across the nation for their extraordinary efforts to...

Aug 31, 2020
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Article

ICBA raises questions ahead of credit union advocacy event

ICBA raises questions ahead of credit union advocacy event ICBA continues urging Congress to "Wake Up" this week as credit union advocates meet with lawmakers during the National Association of...

Sep 15, 2020
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Article