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ICBA urges passage of military-banking parity

ICBA urges passage of military-banking parity ICBA urged congressional leaders to support a provision of the Senate's 2021 National Defense Authorization Act that would promote parity between banks...

Jul 01, 2020
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Article
Military Lending

ICBA Opposes Rakuten's Resubmitted ILC Application

ICBA Opposes Rakuten's Resubmitted ILC Application The Independent Community Bankers of America® (ICBA) called on the Federal Deposit Insurance Corp. to deny Rakuten Bank America’s resubmitted...

Jun 30, 2020
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Article
Commerce & Banking

Bill would establish PPP loan-forgiveness calculator

Bill would establish PPP loan-forgiveness calculator Reps. Ann Wagner (R-Mo.) and Wm. Lacy Clay (D-Mo.) introduced legislation to establish a free online calculator to complete Paycheck Protection...

Jun 30, 2020
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Article

ICBA backs amendment to advance 'beneficial owner' reform

ICBA backs amendment to advance 'beneficial owner' reform ICBA and other groups called on Senate leaders to include "beneficial ownership" disclosure relief in the 2021 National Defense...

Jun 30, 2020
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Article
Regulatory Relief

Regulators warn of LIBOR transition risks

Regulators warn of LIBOR transition risks Financial regulators issued a joint statement highlighting the risks of transitioning from LIBOR. The Federal Financial Institutions Examination Council...

Jul 02, 2020
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Article
Lending

ICBA opposes resubmitted Rakuten ILC application

ICBA opposes resubmitted Rakuten ILC application ICBA called on the FDIC to deny Rakuten Bank America’s resubmitted federal deposit insurance application and urged Congress to permanently close the...

Jul 01, 2020
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Article
Commerce & Banking

Senate votes to extend PPP into August

Senate votes to extend PPP into August The Senate passed legislation to extend the Paycheck Protection Program application deadline until Aug. 8, sending it to the House hours before the SBA...

Jul 01, 2020
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Article

FinCEN issues BSA/AML guidance on hemp businesses

FinCEN issues BSA/AML guidance on hemp businesses The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers. The Financial...

Jun 30, 2020
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Article
Compliance