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Smaller lenders lead on PPP: SBA data

Smaller lenders lead on PPP: SBA data Lenders under $10 billion in assets have made some 2.74 million Paycheck Protection Program loans worth more than $233 billion through both rounds of funding,...

Aug 12, 2020
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Article

ICBA’s Romero Rainey to policymakers: streamline PPP forgiveness process

ICBA’s Romero Rainey to policymakers: streamline PPP forgiveness process Policymakers need to simplify the onerous forgiveness process for small businesses to ensure the Paycheck Protection Program...

Aug 11, 2020
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Article
Advocacy

ICBA to CFPB: extend GSE patch

ICBA to CFPB: extend GSE patch ICBA filed a comment letter urging the Consumer Financial Protection Bureau to extend its policy exempting Fannie Mae and Freddie Mac mortgage loans from the bureau’s...

Aug 11, 2020
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Article
Consumer Financial Protection Bureau (CFPB) Housing Finance/GSEs

OCC reduces assessments due to COVID-19

OCC reduces assessments due to COVID-19 The OCC is reducing assessments due to the OCC on Sept. 30, 2020, because of the COVID-19 emergency. The OCC is reducing assessments due to the OCC on Sept....

Aug 11, 2020
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Article
Crisis Preparedness

PPP forgiveness platform now live

PPP forgiveness platform now live The Small Business Administration's Paycheck Protection Program forgiveness platform is live and scheduled to begin accepting loan-forgiveness applications and...

Aug 10, 2020
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Article
Crisis Preparedness Lending

Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos

Capital Assessment, Capital Planning Are Critical as Coronavirus Creates Chaos Stress testing and capital planning are important for financial institutions in good times, but they are even more...

Aug 07, 2020
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Article

SBA details PPP forgiveness platform

SBA details PPP forgiveness platform A Small Business Administration user guide offers details on the Paycheck Protection Program forgiveness platform scheduled to go live this Monday, Aug. 10. A...

Aug 07, 2020
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Article
Crisis Preparedness

Main Street, Inc. Acquires Marketing Technology Software Provider Onovative

Main Street, Inc. Acquires Marketing Technology Software Provider Onovative Main Street, Inc., a leading provider of data-driven print services to community financial institutions across the...

Aug 11, 2020
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Article