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PPP loans reaching smallest borrowers: SBA data

PPP loans reaching smallest borrowers: SBA data The current round of the Paycheck Protection Program is successfully reaching smaller borrowers, according to recent data from the SBA. The current...

Mar 16, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA ThinkTECH Innovation Showcase today

ICBA ThinkTECH Innovation Showcase today ICBA today is hosting a showcase of 2021 ICBA ThinkTECH Accelerator participants and their new technologies available to community banks. ICBA today is...

Mar 16, 2021
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Article

ICBA: Two-tiered deadline will ensure SBA clears PPP loans on hold

ICBA: Two-tiered deadline will ensure SBA clears PPP loans on hold ICBA thanked policymakers for introducing The PPP Extension Act of 2021, which pushes the application deadline until May 31 and...

Mar 15, 2021
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Article
Advocacy Crisis Preparedness Lending

FBI warns of cryptocurrency theft threat

FBI warns of cryptocurrency theft threat The FBI said federal charges against three computer programmers linked to the North Korean government illustrate the appeal of cryptocurrency markets and...

Mar 15, 2021
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Article
Cybersecurity

SBA updates PPP guidance

SBA updates PPP guidance The Small Business Administration on Friday updated its frequently asked questions as well as its guidance concerning how to calculate revenue reduction and maximum loan...

Mar 15, 2021
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Article
Advocacy Crisis Preparedness Lending

Agencies propose private flood insurance Q&As

Agencies propose private flood insurance Q&As Federal regulators requested comments on 24 proposed interagency questions and answers regarding private flood insurance. Federal regulators requested...

Mar 12, 2021
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Article
Advocacy Flood Insurance Compliance

ICBA ThinkTECH Showcase Spotlights Innovative Community Bank Solutions

ICBA ThinkTECH Showcase Spotlights Innovative Community Bank Solutions ICBA, in partnership with The Venture Center, will host the ICBA ThinkTECH Showcase — a virtual event to unveil the latest...

Mar 12, 2021
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Article

ICBA testifies: Don't leave PPP applicants stranded

ICBA testifies: Don't leave PPP applicants stranded The approaching Paycheck Protection Program expiration date should not leave small businesses or nonprofits stranded, ICBA community banker Alice...

Mar 11, 2021
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Article
Advocacy Crisis Preparedness Lending

FS-ISAC Coronavirus Update, March 11, 2021

FS-ISAC Coronavirus Update, March 11, 2021 President Joe Biden announced he is directing the Department of Health and Human Services to purchase an additional 100 million doses of the Johnson &...

Mar 11, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

CFPB rescinds abusiveness policy statement

CFPB rescinds abusiveness policy statement The Consumer Financial Protection Bureau said it is rescinding its January 2020 “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.”...

Mar 12, 2021
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Article
Compliance

New round of EIPs starts today

New round of EIPs starts today The IRS said it will begin distributing the third round of Economic Impact Payments today, with an effective entry date of this Wednesday, March 17. The IRS said it...

Mar 12, 2021
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Article
Advocacy Crisis Preparedness Lending

Congress approves stimulus plan

Congress approves stimulus plan ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress passed and President Joe Biden is expected to sign into law soon....

Mar 11, 2021
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Article
Advocacy Crisis Preparedness Lending

New York State Banker Elected ICBA Chairman​

New York State Banker Elected ICBA Chairman​ Robert M. Fisher, president and CEO of Tioga State Bank in Spencer, N.Y., was elected chairman of the Independent Community Bankers of America for...

Mar 10, 2021
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Article
Advocacy

ICBA Announces 2021-22 Executive Committee

ICBA Announces 2021-22 Executive Committee The Independent Community Bankers of America today announced the election of its 2021-22 Executive Committee in conjunction with ICBA Connect, a virtual...

Mar 10, 2021
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Article
Advocacy

New ICBA Chairman to Community Banks: Get Engaged to Drive Positive Change

New ICBA Chairman to Community Banks: Get Engaged to Drive Positive Change Incoming ICBA Chairman Robert Fisher encouraged community banks attending ICBA Connect to exercise their political capital...

Mar 10, 2021
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Article
Advocacy

Joint rule supports Treasury program for CDFIs, MDIs

Joint rule supports Treasury program for CDFIs, MDIs Federal bank regulators issued an interim final rule that supports the Treasury Department’s Emergency Capital Investment Program, which will...

Mar 10, 2021
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Article
Minority Owned Depository Institutions (MDI)

ICBA: GSE liquidity plan aligns with capital framework

ICBA: GSE liquidity plan aligns with capital framework ICBA said it agrees with the Federal Housing Finance Agency's approach to proposed liquidity requirements for Fannie Mae and Freddie Mac. ICBA...

Mar 10, 2021
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Article
Housing Finance/GSEs

Agencies update CRA FAQs

Agencies update CRA FAQs Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the...

Mar 09, 2021
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Article
Compliance

ICBA: Ensure SBA clears all PPP loans on hold

ICBA: Ensure SBA clears all PPP loans on hold ICBA and other financial groups called on policymakers to ensure the SBA clears the thousands of Paycheck Protection Program loan applications in...

Mar 08, 2021
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Article
Advocacy Crisis Preparedness Lending

Fed includes women's depository institutions in MDI definition

Fed includes women's depository institutions in MDI definition The Federal Reserve expanded the definition of minority depository institutions to include women-owned financial institutions. The...

Mar 08, 2021
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Article
Minority Owned Depository Institutions (MDI)