The Small Business Administration just announced that it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets this Friday, Jan. 15.
ICBA today called on the FDIC to reject GM Financial Bank's deposit insurance application as an industrial loan company, which would allow the company to skirt regulatory oversight and violate U.S. policy separating banking and commerce.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the conservatorship of Fannie Mae and Freddie Mac.
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 certain lenders today.
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 accounts established when their 2019 tax returns were filed.
ICBA submitted a comment letter to the Federal Housing Finance Agency on its proposed rule that outlines the process of prior approval for Fannie Mae and Freddie Mac products
ICBA believes that the policy recommendations outlined in this letter will play a critical role in creating a robust post-pandemic recovery and charting a course for inclusive growth and a more competitive economy that serves small businesses and consumers.
The Small Business Administration last night issued several documents on the next round of the Paycheck Protection Program authorized by the end-of-year stimulus package. Here's the latest.
The Independent Community Bankers of America, in partnership with The Venture Center and the state of Arkansas, today announced its third annual ICBA ThinkTECH Accelerator cohort during a virtual kickoff event.
More than 9,000 community bankers sent more than 65,000 messages to Congress and Federal regulators in 2020. Let’s review what community banks did this year on the advocacy front.
The IRS said roughly 13 million second-round Economic Impact Payments went to temporary accounts used by the tax-preparation industry. Those payments—out of some 113 million in EIP2 ACH payments—will be returned to the IRS, the agency said in a call on Monday.
While the SBA writes new rules on the next round of the Paycheck Protection Program, the ICBA-advocated fix to Economic Injury Disaster Loan advances is effective immediately and retroactive.
ICBA said it largely supports a Conference of State Banking Supervisors proposal to establish regulatory standards for nonbank mortgage servicers. The CSBS proposal offers prudential-like standards that states could approve for supervising servicers.
In one of the last votes of the 116th Congress, lawmakers overturned President Trump's veto of a defense spending bill advancing ICBA-advocated BSA/AML reforms.
Following this week's signing of the economic stimulus package into law, the federal government released information on the distribution of Economic Impact Payments to individuals and families. Here's what we know now.
