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PPP funding exhausted as loan application deadline passes

PPP funding exhausted as loan application deadline passes The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was...

Jun 01, 2021
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Article
Crisis Preparedness Lending

Fed proposes changes to intraday credit policy

Fed proposes changes to intraday credit policy The Federal Reserve Board requested public comment on proposed changes to its policy governing the provision of intraday credit, or daylight...

Jun 01, 2021
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Article
Federal Reserve

Event on LIBOR transition next week

Event on LIBOR transition next week The Alternative Reference Rates Committee said it is holding an event next week on the impact of the transition from LIBOR to the Secured Overnight Financing...

Jun 01, 2021
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Article
Lending

FS-ISAC Coronavirus Update, June 2, 2021

FS-ISAC Coronavirus Update, June 2, 2021 With about 34,500 new cases reported last week, the US saw the lowest number of weekly Covid-19 cases among children since early October, the American...

Jun 01, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

Remove GSE product restrictions: ICBA, minority bank council

Remove GSE product restrictions: ICBA, minority bank council ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen...

May 28, 2021
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Article
Minority Owned Depository Institutions (MDI) Housing Finance/GSEs

ICBA releases new banklocally.org video

ICBA releases new banklocally.org video ICBA released its latest video in a series on how community banks have partnered with small businesses during the pandemic to help them navigate the Paycheck...

May 25, 2021
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Article
Advocacy

USDA to begin paying off direct loans to minority farmers

USDA to begin paying off direct loans to minority farmers The USDA announced the initial phase of plans to pay off USDA direct loans to socially disadvantaged (SDA) farmers and ranchers. It will...

May 24, 2021
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Article
Agriculture

OCC reconsidering CRA final rule

OCC reconsidering CRA final rule ICBA expressed support for an OCC announcement that it will reconsider its Community Reinvestment Act rulemakings and information collection. ICBA expressed support...

May 19, 2021
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Article
Compliance