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As Congress considers the next legislative package to address the economic fallout from the COVID-19 pandemic, ICBA weighed in with recommendations to support local communities.
"ICBA and the nation's community banks encourage Congress to include in the next COVID-19 relief bill provisions that will directly support local economies, starting with needed reforms to the current Paycheck Protection Program," ICBA President and CEO Rebeca Romero Rainey said.
In its letter to congressional leaders, ICBA recommended Paycheck Protection Program reforms, bank capital and accounting relief, liability protection, tax relief, agricultural support, and more.
Meanwhile, ICBA continues calling on community bankers and small-business owners to urge the Treasury Department and SBA to enact additional PPP simplifications.
Previous News
The Paycheck Protection Program has cast a national light on the role of community banks in supporting small businesses, ICBA President and CEO Rebeca Romero Rainey writes in Main Street Matters.
ImageJun 25, 2020
The SBA issued a new Paycheck Protection Program interim final rule revising its recently updated eligibility guidelines for borrowers facing criminal charges. Newly revised borrower and lender application forms dated June 24 incorporate the changes.
ImageJun 25, 2020
The Federal Financial Institutions Examination Council released data on 2019 mortgage lending transactions covered by the Home Mortgage Disclosure Act.
ImageJun 25, 2020
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