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Find the latest news, FAQs, agency responses, media resources, and information on hurricane preparedness, industry responses to the coronavirus pandemic, PPP lending and much more here.
Many small businesses have switched from large banks to community banks amid the COVID-19 pandemic because of their successful implementation of the Paycheck Protection Program, The Wall Street Journal reported.
Federal regulators released risk management and consumer protection principles for financial institutions to consider while working with borrowers as initial coronavirus-related loan accommodation periods come to an end.
ICBA scheduled its next Community Bank Briefing on Paycheck Protection Program loan forgiveness and other regulatory issues.
ICBA and other groups urged Congress to impose a three-year moratorium on industrial loan company licensing applications.
On behalf of the American Bankers Association and the Independent Community Bankers of America, representing over 52,000 bank locations across the United States, we write to express our concern over possible inclusion of the so-called “Livestock Trust” legislation in the COVID-19 relief package being considered by the Senate.
With new Small Business Administration data showcasing the outsized role of community banks in serving small businesses and underserved communities amid the COVID crisis, ICBA is urging the Senate to incorporate needed reforms in the next round of stimulus legislation.
