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Credit union favoritism harms troops: op-ed

Credit union favoritism harms troops: op-ed A federal law allowing tax-exempt credit unions to operate rent-free is shrinking the availability of banking options to service members, ICBA community...

Jul 21, 2020
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Article
Military Lending

Stats show community bank PPP impact: blog

Stats show community bank PPP impact: blog A recent report by the Institute for Local Self-Reliance shows how vital community banks have been to the COVID-19 response, ICBA President and CEO Rebeca...

Jul 21, 2020
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Article
Crisis Preparedness

USDA, SBA loans exempt from environmental rule

USDA, SBA loans exempt from environmental rule The Council on Environmental Quality issued an ICBA-supported final rule to exempt USDA and SBA guaranteed loans from proposed environmental impact...

Jul 20, 2020
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Article
Lending

FHFA extends housing goals due to COVID-19

FHFA extends housing goals due to COVID-19 The Federal Housing Finance Agency's proposed 2021 housing goals for Fannie Mae and Freddie Mac that are unchanged from 2018-2020 due to the COVID-19...

Jul 21, 2020
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Article
Crisis Preparedness

Op-ed: Credit union favoritism harms troops

Op-ed: Credit union favoritism harms troops A federal law allowing tax-exempt credit unions to operate rent-free is shrinking the availability of banking options to service members, ICBA community...

Jul 20, 2020
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Article
Military Lending

SBA planning PPP loan-forgiveness portal

SBA planning PPP loan-forgiveness portal The SBA will soon release a portal to accept Paycheck Protection Program loan-forgiveness applications, Administrator Jovita Carranza told the House Small...

Jul 20, 2020
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Article
Crisis Preparedness Lending

Stats show community bank PPP impact: blog

Stats show community bank PPP impact: blog A recent report by the Institute for Local Self-Reliance shows how vital community banks have been to the COVID-19 response, ICBA President and CEO Rebeca...

Jul 20, 2020
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Article
Crisis Preparedness Lending

ICBA, states provide stimulus plan to Congress

ICBA, states provide stimulus plan to Congress ICBA and 42 state community banking associations issued specific recommendations for the next economic stimulus package as Congress prepares new...

Jul 17, 2020
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Article

National Taxpayers Union targets credit union push

National Taxpayers Union targets credit union push Citing problems with credit union industry transparency, oversight, and unfair competition, the National Taxpayers Union told key members of...

Jul 17, 2020
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Article
Credit Unions

FinCEN issues advisory on Twitter scam

FinCEN issues advisory on Twitter scam The Financial Crimes Enforcement Network issued an advisory on a high-profile scam exploiting Twitter accounts to solicit fraudulent virtual currency...

Jul 17, 2020
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Article
Cybersecurity

ICBA, States Offer Stimulus Plan Ahead of Congressional Debate

ICBA, States Offer Stimulus Plan Ahead of Congressional Debate As the leaders in responding to the economic fallout of COVID-19 and responsible for two-thirds of Paycheck Protection Program loans,...

Jul 16, 2020
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Article
Advocacy Crisis Preparedness Lending

FINBOA Announces New Webinar Series: Process Automation Within Reach

FINBOA Announces New Webinar Series: Process Automation Within Reach Critical Considerations for Automating Reg E Compliance Today FINBOA announced it will host a new webinar series, Process...

Jul 15, 2020
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Article

Community bank PPP share continues climb

Community bank PPP share continues climb Lenders under $10 billion in assets have made some 2.52 million PPP loans worth more than $229 billion through both rounds of funding, according to SBA data...

Jul 14, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA seeks updates to Nacha ACH overhaul

ICBA seeks updates to Nacha ACH overhaul ICBA told Nacha that it generally supports a provision in proposed operating rule updates that would employ ACH as a low-cost account-validation method for...

Jul 14, 2020
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Article
Compliance

House committee passes ag appropriations

House committee passes ag appropriations The House Appropriations Committee approved fiscal 2021 agriculture and rural development legislation. The bill allows for a combined $153 billion in...

Jul 13, 2020
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Article
Agriculture

Pandemic Relief Letter for State Sign-On

Pandemic Relief Letter for State Sign-On Community bankers across the country have worked tirelessly to deliver PPP loans quickly and successfully on behalf of thousands of small businesses. PPP...

Jul 16, 2020
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Article
Advocacy Crisis Preparedness

Stimulus grassroots needed ahead of Senate debate

Stimulus grassroots needed ahead of Senate debate With the Senate set to begin debating the next economic stimulus package next week, ICBA is calling on community bankers to use its Be Heard...

Jul 15, 2020
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Article
Advocacy Crisis Preparedness

SEC warns of ransomware attacks

SEC warns of ransomware attacks The Securities and Exchange Commission issued an alert about recent reports that threat actors are targeting financial institution networks to access internal...

Jul 15, 2020
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Article
Cybersecurity

Review process for AML deficiencies paused

Review process for AML deficiencies paused The Financial Crimes Enforcement Network issued an advisory on the Financial Action Task Force’s reissued list of jurisdictions with strategic...

Jul 15, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

FSOC to review secondary mortgage market

FSOC to review secondary mortgage market The Financial Stability Oversight Council will launch an activities-based review of the secondary mortgage market, the Federal Housing Finance Agency said....

Jul 15, 2020
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Article
Mortgage Rules