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Fed outlook assumes stimulus spending: minutes
Fed outlook assumes stimulus spending: minutes Many Federal Open Market Committee members are predicating their economic outlook on the passage of additional economic stimulus spending, according...
SBA issues guidance on PPP deferral period
SBA issues guidance on PPP deferral period The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the extended deferral period for borrower payments on...
Credit union acquisitions demand hearing: ICBA
Credit union acquisitions demand hearing: ICBA Credit union acquisitions of community banks represent an "obscene" use of taxpayer subsidies and should be reviewed by Congress, ICBA's Paul Merski...
Independent Banker previews election
Independent Banker previews election The October issue of Independent Banker magazine previews the 2020 election and what the potential outcomes mean for community banks. The October issue of...
Romero Rainey: Call Congress on PPP forgiveness
Romero Rainey: Call Congress on PPP forgiveness ICBA President and CEO Rebeca Romero Rainey urged community bankers to call their members of Congress and enlist the support of small-business...
OCC issues CRA community bank resources
OCC issues CRA community bank resources The OCC issued a Small Bank Compliance Guide and other resources on its Community Reinvestment Act final rule, which took effect Oct. 1. The OCC issued a...
SBA issues change-of-ownership procedures for PPP borrowers
SBA issues change-of-ownership procedures for PPP borrowers The SBA issued a notice on the required procedures for changes of ownership of Paycheck Protection Program borrowers. The SBA issued a...
IRS: Lenders shouldn't report PPP loan forgiveness
IRS: Lenders shouldn't report PPP loan forgiveness The IRS recently issued guidance clarifying that lenders should not file information returns or furnish payee statements to report the amount of...
ICBA working with agencies on reducing TRID burden
ICBA working with agencies on reducing TRID burden ICBA announced a collaboration with the Federal Reserve and Consumer Financial Protection Bureau to test certain community bank-inspired...
Fed's Brainard: Community banks key to CRA modernization
Fed's Brainard: Community banks key to CRA modernization The Federal Reserve relied on ICBA and community bank input in developing its recent advance notice of proposed rulemaking on modernizing...
FinCEN warns of cryptocurrency risk
FinCEN warns of cryptocurrency risk Banks should expect examiners and the Financial Crimes Enforcement Network to ask about risk exposure related to virtual currencies, FinCEN Director Kenneth...
Flood insurance extension passes
Flood insurance extension passes The Senate passed a short-term spending package that includes a one-year extension of the National Flood Insurance Program. The Senate passed a short-term spending...
Preserving the Integrity of the Bank Charter: The Community Bank Perspective
Preserving the Integrity of the Bank Charter: The Community Bank Perspective Community banks welcome technological innovation, but we must also recognize that technological change underscores the...
ICBA Offers Cybersecurity Tips So Consumers Can Connect Online with Confidence
ICBA Offers Cybersecurity Tips So Consumers Can Connect Online with Confidence As Americans venture online in greater numbers to accommodate work, school and shopping, ICBA and the nation’s...
ICBA to Participate in 'Sandbox' Project to Improve Mortgage Rules
ICBA to Participate in 'Sandbox' Project to Improve Mortgage Rules ICBA President and CEO Rebeca Romero Rainey issued a statement on TILA-RESPA Integrated Disclosure Rule innovation during today's...
Enlist small businesses in PPP push
Enlist small businesses in PPP push ICBA is now calling on community bankers to enlist small-business customers in urging Congress to immediately pass legislation to simplify Paycheck Protection...
Bowman: Community banks critical to PPP
Bowman: Community banks critical to PPP Community banks were essential to the success of the Paycheck Protection Program by serving the smallest businesses outside the focus of larger banks,...
ICBA, agency roundtable on homeownership today
ICBA, agency roundtable on homeownership today ICBA President and CEO Rebeca Romero Rainey is scheduled to join top regulators at 3 p.m. (Eastern time) today for a virtual roundtable discussion on...
Comment Letter Regarding DOJ's Bank Merger Competitive Review Guidelines
Comment Letter Regarding DOJ's Bank Merger Competitive Review Guidelines The competitive landscape of the banking industry has changed substantially since the Bank Merger Competitive Review...
Hearing on fintech payments framework
Hearing on fintech payments framework While Congress continues to work on another stimulus package, the House Financial Services Committee has a virtual hearing this week on fintech payments. While...
Regulator council backs stricter GSE capital standards
Regulator council backs stricter GSE capital standards The Financial Stability Oversight Council largely endorsed the Federal Housing Finance Agency's proposal to raise capital requirements on...
ICBA to Congress: Simplify PPP forgiveness
ICBA to Congress: Simplify PPP forgiveness ICBA urged Congress to immediately pass stand-alone legislation to simplify Paycheck Protection Program loan forgiveness to preserve the success of the...
ICBA to Congress: Help Small Businesses by Simplifying PPP Forgiveness
ICBA to Congress: Help Small Businesses by Simplifying PPP Forgiveness ICBA today urged Congress to immediately pass stand-alone legislation to help millions of small businesses by simplifying...
Congress to agencies: Act on PPP asset-threshold impact
Congress to agencies: Act on PPP asset-threshold impact ICBA's push for policymakers to address the impact of Paycheck Protection Program loans on regulatory asset thresholds continued making...
Virtual BSA/AML Institute in November
Virtual BSA/AML Institute in November With the regulatory agencies committing to tougher and more inclusive BSA/AML exams, Community Banker University is hosting an upcoming BSA/AML Institute. With...
PPP loan-forgiveness problems make news
PPP loan-forgiveness problems make news Politico reported on the frustrations of community banks and other lenders with the Paycheck Protection Program's loan-forgiveness process. Politico reported...
ICBA opposes threshold change on securities filings
ICBA opposes threshold change on securities filings ICBA filed a comment letter opposing the SEC's proposal to raise the threshold over which institutional investment managers are required to file...
ICBA Statement for PPP Hearing 9-25-2020
ICBA Statement for PPP Hearing 9-25-2020 A simplified forgiveness process is urgently needed to ensure the PPP does not become a quagmire of red tape for lenders and borrowers, distracting them...
ICBA pressing PPP relief in hearing statement
ICBA pressing PPP relief in hearing statement ICBA today is repeating its call for a simplified Paycheck Protection Program forgiveness process in a statement for a House subcommittee hearing. ICBA...
IRS: Lenders shouldn't report PPP loan forgiveness
IRS: Lenders shouldn't report PPP loan forgiveness The IRS issued guidance clarifying that lenders should not file information returns or furnish payee statements to report the amount of qualifying...
FHFA again extends forbearance purchases
FHFA again extends forbearance purchases The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Sept. 30 to Oct. 31 the deadline on buying qualified loans in...
ICBA supports FDIC program for third-party compliance
ICBA supports FDIC program for third-party compliance ICBA said it supports an FDIC standard-setting organization and voluntary certification program that would ease the process of vetting and...
FDIC working on PPP asset-threshold impact: McWilliams
FDIC working on PPP asset-threshold impact: McWilliams The FDIC is exploring options to address the impact of Paycheck Protection Program loans on regulatory asset thresholds, FDIC Chairman Jelena...
Fed updates FAQs on Main Street Lending Program
Fed updates FAQs on Main Street Lending Program The Federal Reserve Board updated its frequently asked questions on the Main Street Lending Program to clarify expectations regarding lender...
ICBA seeks PPP accounting simplification
ICBA seeks PPP accounting simplification ICBA asked the federal banking regulators to allow community banks to recognize Paycheck Protection Program fees as income in their call reports. ICBA asked...
Fed vote today on CRA reform notice
Fed vote today on CRA reform notice The Federal Reserve Board is scheduled to vote today on an advance notice of proposed rulemaking on Community Reinvestment Act regulation. The Federal Reserve...
PPP complexity could limit effectiveness: GAO
PPP complexity could limit effectiveness: GAO The complexity and lack of guidance surrounding Paycheck Protection Program loan forgiveness could limit the effectiveness of future rounds of the...
House passes ICBA-backed minority bank bill
House passes ICBA-backed minority bank bill The House passed ICBA-supported legislation that would modify regulatory processes to support Minority Depository Institutions. The House passed...
Treasury, IRS lack info on EIP non-filers: GAO
Treasury, IRS lack info on EIP non-filers: GAO The Treasury Department and IRS lack updated information on how many eligible Economic Impact Payment recipients have yet to receive their funds, the...
ICBA Response to FDIC Request for Information
ICBA Response to FDIC Request for Information ICBA welcomes the opportunity to respond to the FDIC's request for information hat seeks input on whether a standard-setting and...