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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.
The spotlight is directing the nation's attention to all that community banks stand for, such as meeting the needs of underserved communities, individuals of moderate means, and small businesses.
"I encourage community banks to continue to share their successes and help raise awareness of the role they play as the cornerstone of community," Romero Rainey writes.
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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
Federal regulators released the 2020 list of distressed or underserved nonmetropolitan middle-income geographies.
ImageJun 25, 2020
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