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Bipartisan stimulus proposal includes ICBA priorities

Bipartisan stimulus proposal includes ICBA priorities Draft proposed legislation released by a bipartisan group of lawmakers includes ICBA-advocated stimulus priorities. Draft proposed legislation...

Dec 15, 2020
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Article
Advocacy Crisis Preparedness Lending

Romero Rainey: Act now on stimulus push

Romero Rainey: Act now on stimulus push ICBA President and CEO Rebeca Romero Rainey called on community bankers to make a final push for Congress to pass an economic relief package with key...

Dec 15, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA, state groups continue push for EIDL fix

ICBA, state groups continue push for EIDL fix ICBA and 44 state community banking associations called on Congress to fully forgive Economic Injury Disaster Loan Advances for recipients who also...

Dec 14, 2020
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Article
Advocacy Crisis Preparedness Lending

McWilliams touts "continuous engagement" oversight approach

McWilliams touts "continuous engagement" oversight approach More regular and informal meetings between banks and regulators to discuss operations and emerging risks could reduce the need for...

Dec 14, 2020
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Article
Regulatory Relief

Time running out on stimulus grassroots

Time running out on stimulus grassroots With Congress running out of time to pass a stimulus package by year-end, ICBA is calling on community bankers to reach out to their lawmakers and enlist...

Dec 11, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA’s Rebeca Romero Rainey, Paul Merski Named by The Hill as Top Lobbyists

ICBA’s Rebeca Romero Rainey, Paul Merski Named by The Hill as Top Lobbyists Independent Community Bankers of America President and CEO Rebeca Romero Rainey and ICBA Group Executive Vice President...

Dec 11, 2020
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Article
Advocacy

SBA issues FAQ on PPP questionnaires

SBA issues FAQ on PPP questionnaires The SBA updated its Paycheck Protection Program frequently asked questions with guidance on why some PPP borrowers are receiving a loan necessity questionnaire....

Dec 10, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA urges Congress to pass stimulus relief

ICBA urges Congress to pass stimulus relief ICBA called on Congress to enact pandemic relief legislation before the close of the 116th Congress. ICBA called on Congress to enact pandemic relief...

Dec 09, 2020
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Article
Advocacy Crisis Preparedness

Comment Letter to the OCC concerning Figure Bank

Comment Letter to the OCC concerning Figure Bank The Independent Community Bankers of America appreciates this opportunity to provide comment to the Office of the Comptroller of the Currency...

Dec 07, 2020
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Article
Commerce & Banking

'Beneficial owner' reform included in defense bill set for final vote

'Beneficial owner' reform included in defense bill set for final vote ICBA-advocated legislative language to provide relief from "beneficial ownership" disclosure mandates is included in compromise...

Dec 04, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

ICBA pushes PPP expense deductibility

ICBA pushes PPP expense deductibility ICBA and more than 500 other groups called on Congress to pass a technical correction amending the CARES Act to explicitly provide that PPP loan-forgiveness...

Dec 04, 2020
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Article

Grassroots urgent as stimulus talks heat up

Grassroots urgent as stimulus talks heat up As congressional negotiations over an economic stimulus package heat up, ICBA continues calling on community bankers to urge their lawmakers to include...

Dec 10, 2020
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Article
Advocacy Crisis Preparedness Lending

SBA details tax reporting on covered 7(a) payments

SBA details tax reporting on covered 7(a) payments The SBA issued a notice on the six months of 7(a), 504, and Microloan payments it is making for borrowers under Section 1112 of the CARES Act. The...

Dec 09, 2020
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Article
Advocacy

Bowman: Fed to offer best practices on fintech partnerships

Bowman: Fed to offer best practices on fintech partnerships The Federal Reserve plans to publish a white paper early next year on community bank partnerships with fintech companies and effective...

Dec 07, 2020
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Article
Technology Fintech Innovation Fintech Regulation

ICBA urges Congress to pass 'beneficial owner' reform

ICBA urges Congress to pass 'beneficial owner' reform ICBA called on members of Congress to pass a compromise defense spending bill that includes a key step toward ICBA-advocated relief from...

Dec 07, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

ARRC issues guide on LIBOR developments

ARRC issues guide on LIBOR developments The Alternative Reference Rates Committee released a guide and webinar recording on recent announcements on the transition from U.S. dollar LIBOR. The...

Dec 07, 2020
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Article
Lending

Scott, Thompson set to take over House Ag Committee

Scott, Thompson set to take over House Ag Committee Rep. David Scott (D-Ga.) will be the next House Agriculture Committee chairman after winning the vote of the House Democratic Caucus. Rep. David...

Dec 04, 2020
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Article
Agriculture

Community bank net income rises 10%: FDIC

Community bank net income rises 10%: FDIC Community bank net income increased 10 percent in the third quarter from the same time last year, according to the FDIC's Quarterly Banking Profile....

Dec 02, 2020
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Article

OCC reduces assessments for 2021

OCC reduces assessments for 2021 The OCC said it is reducing rates in all fee schedules by 3 percent for the 2021 calendar year. The reduced assessments go into effect Jan. 1. The OCC said it is...

Dec 02, 2020
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Article
Compliance

Agencies encourage end of LIBOR-based contracts

Agencies encourage end of LIBOR-based contracts Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as...

Dec 01, 2020
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Article
Compliance Lending