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SBA issues change-of-ownership procedures for PPP borrowers
SBA issues change-of-ownership procedures for PPP borrowers The SBA issued a notice on the required procedures for changes of ownership of Paycheck Protection Program borrowers. The SBA issued a...
IRS: Lenders shouldn't report PPP loan forgiveness
IRS: Lenders shouldn't report PPP loan forgiveness The IRS recently issued guidance clarifying that lenders should not file information returns or furnish payee statements to report the amount of...
ICBA working with agencies on reducing TRID burden
ICBA working with agencies on reducing TRID burden ICBA announced a collaboration with the Federal Reserve and Consumer Financial Protection Bureau to test certain community bank-inspired...
Fed's Brainard: Community banks key to CRA modernization
Fed's Brainard: Community banks key to CRA modernization The Federal Reserve relied on ICBA and community bank input in developing its recent advance notice of proposed rulemaking on modernizing...
FinCEN warns of cryptocurrency risk
FinCEN warns of cryptocurrency risk Banks should expect examiners and the Financial Crimes Enforcement Network to ask about risk exposure related to virtual currencies, FinCEN Director Kenneth...
Flood insurance extension passes
Flood insurance extension passes The Senate passed a short-term spending package that includes a one-year extension of the National Flood Insurance Program. The Senate passed a short-term spending...
Preserving the Integrity of the Bank Charter: The Community Bank Perspective
Preserving the Integrity of the Bank Charter: The Community Bank Perspective Community banks welcome technological innovation, but we must also recognize that technological change underscores the...
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...