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SBA issues resources as PPP fully reopens today

SBA issues resources as PPP fully reopens today The SBA over the weekend issued additional resources on the Paycheck Protection Program, which will fully open to all participating lenders today The...

Jan 19, 2021
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Article
Advocacy Crisis Preparedness Lending

CISA issues guides with cyber best practices

CISA issues guides with cyber best practices The Cybersecurity and Infrastructure Security Agency issued new guides for federal agencies with best practices that can apply throughout the commercial...

Jan 19, 2021
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Article
Cybersecurity

CFPB issues compliance guide for debt collection rule

CFPB issues compliance guide for debt collection rule The Consumer Financial Protection Bureau issued a new small entity compliance guide summarizing the October 2020 debt collection rule. The...

Jan 19, 2021
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Article
Compliance Compliance

NCUA seeks expanded powers for CUSOs

NCUA seeks expanded powers for CUSOs The National Credit Union Administration issued a proposed rule that would expand credit union service organizations' permissible services and activities to...

Jan 15, 2021
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Article
Credit Unions

FHFA, Treasury allow GSEs to continue retaining earnings

FHFA, Treasury allow GSEs to continue retaining earnings The Federal Housing Finance Agency and Treasury Department updated the Preferred Stock Purchase Agreements allowing Fannie Mae and Freddie...

Jan 15, 2021
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Article
Housing Finance/GSEs

FS-ISAC Coronavirus Update, Jan. 14, 2021

FS-ISAC Coronavirus Update, Jan. 14, 2021 Today's COVID-19 update from FS-ISAC has the latest from the Centers for Disease Control and Prevention, up-to-date information on the vaccine rollout, and...

Jan 14, 2021
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Article
Advocacy Operational Risk Crisis Preparedness

PPP reopening for more lenders tomorrow

PPP reopening for more lenders tomorrow The SBA said it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets at 9 a.m. (Eastern time)...

Jan 14, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA urges OCC to withdraw CRA survey

ICBA urges OCC to withdraw CRA survey ICBA and other groups called on the OCC to withdraw the CRA Information Collection Survey that was published in the Federal Register in December. ICBA and...

Jan 14, 2021
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Article
Community Reinvestment Act (CRA) Office of the Comptroller of Currency (OCC)

CFPB issues guidance on Limited English Proficiency consumers

CFPB issues guidance on Limited English Proficiency consumers The Consumer Financial Protection Bureau issued guidance that encourages financial institutions to better serve Limited English...

Jan 14, 2021
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Article
Compliance Compliance

SBA reopening for more lenders Friday

SBA reopening for more lenders Friday The Small Business Administration just announced that it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or...

Jan 13, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA: GMAC Collapse Shows Risk of GM Bank Application

ICBA: GMAC Collapse Shows Risk of GM Bank Application ICBA today called on the FDIC to reject GM Financial Bank's deposit insurance application as an industrial loan company, which would allow the...

Jan 13, 2021
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Article
Commerce & Banking Federal Deposit Insurance Corporation (FDIC)

ICBA backs efforts to recapitalize GSEs

ICBA backs efforts to recapitalize GSEs ICBA said it strongly supports Federal Housing Finance Agency Director Mark Calabria’s efforts to fully recapitalize Fannie Mae and Freddie Mac. ICBA said it...

Jan 14, 2021
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Article
Housing Finance/GSEs

ICBA Statement on Conservatorship of Fannie Mae, Freddie Mac

ICBA Statement on Conservatorship of Fannie Mae, Freddie Mac Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the conservatorship of Fannie Mae...

Jan 13, 2021
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Article
Federal Housing Finance Agency Housing Finance/GSEs

MK Decision Introduces Digital Account Opening

MK Decision Introduces Digital Account Opening On a brisk evening back in January of 2019, Har Rai Khalsa and Jon BenAmoz stood on a rooftop, overlooking the twinkling lights of Little Rock,...

Jan 11, 2021
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Article

IRS redirecting, reissuing some EIP2s

IRS redirecting, reissuing some EIP2s The IRS said it is working with the tax-preparation industry to redirect second Economic Impact Payments that for some recipients went to temporary bank...

Jan 11, 2021
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Article
Advocacy Crisis Preparedness Lending

SBA begins implementing next round of PPP

SBA begins implementing next round of PPP The Small Business Administration last night issued several documents on the next round of the Paycheck Protection Program authorized by the end-of-year...

Jan 07, 2021
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Article
Advocacy Crisis Preparedness

EIDL advance fix in effect as SBA writes new PPP rules

EIDL advance fix in effect as SBA writes new PPP rules While the SBA writes new rules on the next round of the Paycheck Protection Program, the ICBA-advocated fix to Economic Injury Disaster Loan...

Jan 05, 2021
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Article
Crisis Preparedness Lending

SBA issues PPP resources ahead of launch

SBA issues PPP resources ahead of launch The SBA on Friday and over the weekend released a series of forms and guidance for the next round of Paycheck Protection Program lending starting for...

Jan 11, 2021
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Article
Advocacy Crisis Preparedness Lending

ICBA: FHFA approval process should expand GSE transparency

ICBA: FHFA approval process should expand GSE transparency ICBA submitted a comment letter to the Federal Housing Finance Agency on its proposed rule that outlines the process of prior approval for...

Jan 11, 2021
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Article
Federal Housing Finance Agency Housing Finance/GSEs

Community Banks: The Road to Bipartisan Solutions

Community Banks: The Road to Bipartisan Solutions The Independent Community Bankers of America congratulates members of the 117th Congress for serving the nation at this critical time. The...

Jan 08, 2021
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Article
Advocacy Crisis Preparedness Lending