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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...

Sep 29, 2020
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Article
Compliance

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...

Sep 29, 2020
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Article
Advocacy Crisis Preparedness

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...

Sep 29, 2020
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Article
Securities Exchange Commission (SEC)

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...

Sep 25, 2020
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Article
Advocacy Crisis Preparedness Lending

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...

Sep 25, 2020
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Article
Advocacy Crisis Preparedness Lending

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...

Sep 25, 2020
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Article

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...

Sep 25, 2020
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Article
Federal Housing Finance Agency

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...

Sep 23, 2020
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Article
Compliance