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FHFA again extends forbearance purchases

FHFA again extends forbearance purchases The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance...

Oct 20, 2020
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Article
Federal Housing Finance Agency Housing Finance/GSEs

OCC: Take PPP accounting concerns to FASB

OCC: Take PPP accounting concerns to FASB The OCC encouraged ICBA to take community bank concerns over the PPP's complex accounting arrangement to the Financial Accounting Standards Board. The OCC...

Oct 20, 2020
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Article

ICBA continues PPP video series

ICBA continues PPP video series ICBA continues its series of videos featuring small-business owners who successfully received PPP loans from community banks. The series on the updated...

Oct 16, 2020
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Article

PPP grassroots continues ahead of Senate votes

PPP grassroots continues ahead of Senate votes With the Senate bringing two separate measures that include PPP forgiveness simplification to a vote starting today, ICBA continues calling on...

Oct 20, 2020
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Article
Advocacy Crisis Preparedness Lending

SBA PPP Guidance Includes Simplified Processes, Borrower Notification, and EIDL Advance Deductions

SBA PPP Guidance Includes Simplified Processes, Borrower Notification, and EIDL Advance Deductions ICBA released a summary of recent Paycheck Protection Program guidance, including a simplified...

Oct 20, 2020
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Article
Advocacy Crisis Preparedness Lending

SBA offers EIDL info on PPP platform

SBA offers EIDL info on PPP platform Information on Economic Injury Disaster Loan advances is now available on the Paycheck Protection Program Forgiveness Platform for submitted decisions, the SBA...

Oct 16, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA continues PPP pressure as Senate plans vote

ICBA continues PPP pressure as Senate plans vote ICBA called on Senate Majority Leader Mitch McConnell (R-Ky.) to include Paycheck Protection Program forgiveness simplification in pending stimulus...

Oct 16, 2020
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Article
Advocacy Crisis Preparedness Lending

Nasreen Quibria Joins ICBA as Vice President, Emerging Payments and Technology Policy

Nasreen Quibria Joins ICBA as Vice President, Emerging Payments and Technology Policy The Independent Community Bankers of America today announced the hire of Nasreen Quibria as vice president of...

Oct 15, 2020
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Article

ICBA urges Congress to join debate over payments charter

ICBA urges Congress to join debate over payments charter ICBA and other groups this week urged Congress to get involved in the OCC's efforts to grant commercial companies like Amazon or Facebook a...

Oct 16, 2020
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Article
Payments

ICBA launches PPP small-biz video series to elevate community banking

ICBA launches PPP small-biz video series to elevate community banking ICBA launched a series of videos featuring small-business owners who successfully received Paycheck Protection Program loans...

Oct 15, 2020
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Article

ICBA Statement on Simplified PPP Loan Forgiveness

ICBA Statement on Simplified PPP Loan Forgiveness ICBA President and CEO Rebeca Romero Rainey issued a statement on the Small Business Administration's simpler loan forgiveness application for some...

Oct 09, 2020
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Article

ICBA: Rules should facilitate new hemp market

ICBA: Rules should facilitate new hemp market ICBA reiterated its support for provisions in new rules on a federal hemp production program that would not require suspicious activity reports from...

Oct 09, 2020
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Article
Cannabis banking

Agencies finalize capital rule updates

Agencies finalize capital rule updates Federal banking regulators issued a final rule revising the definition of eligible retained income for institutions subject to the agencies' regulatory...

Oct 09, 2020
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Article
Capital

Brian Laverdure Joins ICBA as Vice President, Payments and Technology Policy

Brian Laverdure Joins ICBA as Vice President, Payments and Technology Policy The Independent Community Bankers of America today announced the hire of Brian Laverdure as vice president of payments...

Oct 08, 2020
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Article

SBA streamlines forgiveness for some PPP loans

SBA streamlines forgiveness for some PPP loans The SBA and Treasury Department released a simpler loan forgiveness application for Paycheck Protection Program loans of $50,000 or less to provide...

Oct 09, 2020
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Article

ICBA backs pro-de novo bill

ICBA backs pro-de novo bill ICBA expressed support for legislation to promote the creation of de novo community banks by phasing in capital standards over three years. ICBA expressed support for...

Oct 09, 2020
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Article
De Novo Banks

What Google ad updates mean to bank marketing

What Google ad updates mean to bank marketing A new Main Street Matters post for community bank marketers covers Google's updated advertising policies taking effect later this month and how to...

Oct 09, 2020
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Article
Technology

CFPB relaxes stance on marketing services agreements

CFPB relaxes stance on marketing services agreements The Consumer Financial Protection Bureau released frequently asked questions on the legality of RESPA marketing services agreements. The...

Oct 08, 2020
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Article
Compliance Compliance

PPP forgiveness push continues

PPP forgiveness push continues ICBA continues urging community bankers to call their members of Congress and enlist the support of small-business contacts on behalf of PPP forgiveness legislation....

Oct 06, 2020
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Article
Advocacy Crisis Preparedness Lending

FDIC to Congress: We're working on PPP asset-threshold impact

FDIC to Congress: We're working on PPP asset-threshold impact The FDIC told a group of House Republicans that it is exploring options to address the impact of Paycheck Protection Program loans on...

Oct 05, 2020
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Article
Advocacy Crisis Preparedness Lending