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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...
ICBA Statement on Fed Community Reinvestment Act Notice
ICBA President and CEO Rebeca Romero Rainey released a statement on today's Federal Reserve advance notice of proposed rulemaking on reforming Community Reinvestment Act regulations.
Bailey Yeager Joins ICBA as Director of Marketing Strategy and Execution
Bailey Yeager Joins ICBA as Director of Marketing Strategy and Execution The Independent Community Bankers of America announced today the hire of Bailey Yeager as director of marketing strategy and...
Push continues on next stimulus package
Push continues on next stimulus package ICBA is calling on community bankers to urge lawmakers to include common-sense policies benefiting local communities in the next economic stimulus package....
FinCEN issues AML standards for unregulated entities
FinCEN issues AML standards for unregulated entities The Financial Crimes Enforcement Network issued a Bank Secrecy Act final rule that requires minimum anti-money-laundering standards for banks...
Senate stimulus package includes ICBA priorities
Senate stimulus package includes ICBA priorities Senate Republicans introduced a scaled-back coronavirus relief package that includes ICBA-advocated provisions contained in previous drafts. Senate...
ICBA backs extension of patent litigation program
ICBA backs extension of patent litigation program ICBA and other members of the Quality Patents Coalition expressed support for a one-year extension of the Patent and Trademark Office's program for...
Agencies extend flood insurance comment period
Agencies extend flood insurance comment period Federal regulators said they will extend until Nov. 3 the comment period on a proposal to revise interagency questions and answers on flood insurance....
Visa Small Business Outlook: Summer 2020
Visa Small Business Outlook: Summer 2020 Small business spending fell sharply for the second straight quarter due to a significant drop in revenues caused by pandemic lockdowns. Small business...
ICBA to Community Banks: You are All Winners
ICBA to Community Banks: You are All Winners ICBA announced this year’s National Community Bank Service Awards by recognizing community banks across the nation for their extraordinary efforts to...