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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...
New FDIC academic challenge focuses on community banks
New FDIC academic challenge focuses on community banks The FDIC launched the agency’s first-ever Academic Challenge, which will be focused on the effects of community banks on local economic...
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...