ICBA congratulated Janet Yellen on her nomination to serve as the next Treasury secretary. In a statement, ICBA President and CEO Rebeca Romero Rainey said Yellen understands the vital role of community banks as a former Federal Reserve chair.
The Consumer Financial Protection Bureau issued its final policy on advisory opinions, which are designed to provide guidance to entities on outstanding regulatory uncertainty.
Federal regulators issued a joint statement encouraging banks to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as soon as practicable and no later than Dec. 31, 2021, to facilitate the transition away from LIBOR.
This month’s report includes details on: how advanced economies have recovered faster from the economic downturn; three distinct ways in which consumers have adapted in those markets; the COVID-19 Economic Impact Index; and regional recovery updates.
Wayne Best, Chief Economist at Visa, shares that “small businesses are far less likely to be delinquent on their credit cards. See full report for details on small business payments trends.
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America, today unveiled its 2020 Best Community Banks to Work For, recognizing five community banks for their exemplary efforts to create an exceptional work environment for employees.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on Janet Yellen's nomination for Treasury secretary.
The SBA issued to lenders a letter and instructions on the agency's "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more.
ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan.
ICBA has raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears to go against the language of the CARES Act.
ICBA recently expressed strong support for House and Senate legislation that would restore forgiveness for Economic Injury Disaster Loan Advance recipients who also have a Paycheck Protection Program loan.
ICBA is hosting a virtual ICBA ThinkTECH Policy Summit to bring the nation’s community banks together with key stakeholders to discuss fintech policies and opportunities for further collaboration in support of community bank innovation.
