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Joint rule supports Treasury program for CDFIs, MDIs

Joint rule supports Treasury program for CDFIs, MDIs Federal bank regulators issued an interim final rule that supports the Treasury Department’s Emergency Capital Investment Program, which will...

Mar 10, 2021
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Article
Minority Owned Depository Institutions (MDI)

ICBA: GSE liquidity plan aligns with capital framework

ICBA: GSE liquidity plan aligns with capital framework ICBA said it agrees with the Federal Housing Finance Agency's approach to proposed liquidity requirements for Fannie Mae and Freddie Mac. ICBA...

Mar 10, 2021
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Article
Housing Finance/GSEs

Agencies update CRA FAQs

Agencies update CRA FAQs Federal regulators issued new frequently asked questions to help financial institutions and examiners determine Community Reinvestment Act consideration related to the...

Mar 09, 2021
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Article
Compliance

ICBA Connect is Here!

ICBA Connect is Here! The ICBA Connect event site is ready! Prepare yourself by logging in now and taking a spin around the site to familiarize yourself with it, so you’re ready to go. The ICBA...

Mar 08, 2021
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Article

ICBA: Ensure SBA clears all PPP loans on hold

ICBA: Ensure SBA clears all PPP loans on hold ICBA and other financial groups called on policymakers to ensure the SBA clears the thousands of Paycheck Protection Program loan applications in...

Mar 08, 2021
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Article
Advocacy Crisis Preparedness Lending

Fed includes women's depository institutions in MDI definition

Fed includes women's depository institutions in MDI definition The Federal Reserve expanded the definition of minority depository institutions to include women-owned financial institutions. The...

Mar 08, 2021
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Article
Minority Owned Depository Institutions (MDI)

Key takeaways on new PPP rule

Key takeaways on new PPP rule ICBA offers the following community bank takeaways on this week's SBA interim final rule, frequently asked questions, updated application forms, and webinar...

Mar 05, 2021
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Article
Advocacy Crisis Preparedness Lending

FinCEN issues AML notice on art, antiquities

FinCEN issues AML notice on art, antiquities The Financial Crimes Enforcement Network issued a notice on Anti-Money Laundering Act of 2020 requirements related to antiquities and arts. The...

Mar 10, 2021
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Article
Compliance