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FDIC to Congress: We're working on PPP asset-threshold impact

FDIC to Congress: We're working on PPP asset-threshold impact The FDIC told a group of House Republicans that it is exploring options to address the impact of Paycheck Protection Program loans on...

Oct 05, 2020
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Article
Advocacy Crisis Preparedness Lending

Fed outlook assumes stimulus spending: minutes

Fed outlook assumes stimulus spending: minutes Many Federal Open Market Committee members are predicating their economic outlook on the passage of additional economic stimulus spending, according...

Oct 08, 2020
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Article
Advocacy

SBA issues guidance on PPP deferral period

SBA issues guidance on PPP deferral period The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the extended deferral period for borrower payments on...

Oct 08, 2020
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Article
Advocacy Crisis Preparedness Lending

Credit union acquisitions demand hearing: ICBA

Credit union acquisitions demand hearing: ICBA Credit union acquisitions of community banks represent an "obscene" use of taxpayer subsidies and should be reviewed by Congress, ICBA's Paul Merski...

Oct 08, 2020
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Article
Credit Unions

Independent Banker previews election

Independent Banker previews election The October issue of Independent Banker magazine previews the 2020 election and what the potential outcomes mean for community banks. The October issue of...

Oct 06, 2020
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Article

CFPB outlines consent order termination process

CFPB outlines consent order termination process The Consumer Financial Protection Bureau issued a policy statement outlining the process of applying for early termination of administrative consent...

Oct 06, 2020
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Article
Consumer Financial Protection Bureau (CFPB)

Romero Rainey: Call Congress on PPP forgiveness

Romero Rainey: Call Congress on PPP forgiveness ICBA President and CEO Rebeca Romero Rainey urged community bankers to call their members of Congress and enlist the support of small-business...

Oct 05, 2020
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Article
Advocacy Crisis Preparedness Lending

OCC issues CRA community bank resources

OCC issues CRA community bank resources The OCC issued a Small Bank Compliance Guide and other resources on its Community Reinvestment Act final rule, which took effect Oct. 1. The OCC issued a...

Oct 05, 2020
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Article
Compliance