Proposal would expand BSA recordkeeping

Oct 26, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network and Federal Reserve Board invited comment on a proposed rule that would amend Bank Secrecy Act recordkeeping and travel rule regulations.

ICBA PPP video promotion continues on social media

Oct 23, 2020 | NewsWatch Today
ICBA is urging community bankers to retweet and share on social media its ongoing series of videos featuring Paycheck Protection Program borrowers to continue raising the industry's profile.

ICBA continues push on EIDL advances

Oct 23, 2020 | NewsWatch Today
ICBA continues calling on community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advances from borrower PPP forgiveness amounts.

Senators join ICBA opposition to securities filings change

Oct 23, 2020 | NewsWatch Today
A group of Senate Banking Committee members joined ICBA in opposing the Securities and Exchange Commission's proposal to raise the threshold over which institutional investment managers are required to file quarterly Form 13F reports.

ICBA Letter Regarding the Heroes Small Business Lifeline Act

Oct 21, 2020 | Letters to Congress
The HEROES Small Business Lifeline Act (S. 4818) is a welcome effort which reflect certain community bank priorities. ICBA will continue to offer constructive feedback on efforts to reform and strengthen the PPP.

Promontory Interfinancial Network Changes Name to IntraFi Network

Oct 21, 2020 | Industry News From Corporate Members | News | Press Release
IntraFi Network has built the nation’s largest deposit network, chosen by more than 3,000 financial institutions. The company was founded in 2002, invented reciprocal deposits, and is widely used by big and small banks alike.

Finastra honored with 2020 Microsoft US Partner award

Oct 21, 2020 | Industry News From Corporate Members | News
Finastra today announced it has been honored with a 2020 Microsoft US Partner Award in the category of Financial Services. The MSUS Award program complements the global Microsoft Partner of the Year Award program and highlights US-specific partner impact.

Finastra integrates Optimal Blue live pricing into Fusion MortgagebotPOS

Oct 21, 2020 | Industry News From Corporate Members | News
Finastra has integrated Optimal Blue into its Fusion MortgagebotPOS solution, enabling banks to provide mortgage applicants with Optimal Blue’s live pricing searches, via any point-of-sale channel. The addition of Optimal Blue to MortgagebotPOS furthers Finastra’s relationship with the enterprise secondary marketing automation vendor, which already integrates with the Fusion MortgagebotLOS loan origination platform.

Finastra launches Fusion Mortgagebot Data Insights to help financial institutions optimize their mortgage business

Oct 21, 2020 | Industry News From Corporate Members
Finastra has launched Fusion Mortgagebot Data Insights – a powerful new tool that benchmarks mortgage borrower behavior and demographics for banks against that of more than 1,400 other Fusion MortgagebotPOS users. The solution leveraged Big Data and machine learning to provide users with new insights into consumer behavior to drive a better borrower experience.

FDIC responds to ICBA push on asset thresholds

Oct 21, 2020 | NewsWatch Today
The FDIC issued an ICBA-advocated interim rule adjusting regulatory asset thresholds for community banks to mitigate costs from their sizable Paycheck Protection Program lending

Grassroots continues ahead of Senate PPP vote

Oct 21, 2020 | NewsWatch Today
With the Senate scheduled to vote today on a stimulus package that includes ICBA-advocated PPP forgiveness simplification, ICBA is calling on community bankers and their small-business contacts to weigh in on key PPP issues.

CFPB extends GSE 'patch'

Oct 21, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau extended the government-sponsored enterprise "patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the Qualified Mortgage rule.

ICBA-Advocated FDIC Rule Ensures Community Banks Not Inadvertently Punished for PPP Leadership

Oct 20, 2020 | Press Release
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the FDIC's adjustment to regulatory asset thresholds.

ICBA hosting PPP webinar today

Oct 20, 2020 | NewsWatch Today
ICBA is scheduled to host a complimentary Paycheck Protection Program webinar at 11:30 a.m. EST today. Staff experts will answer questions and discuss streamlined PPP forgiveness procedures, ICBA advocacy on PPP and EIDL advances, and more.

PPP grassroots continues ahead of Senate votes

Oct 20, 2020 | NewsWatch Today
With the Senate bringing two separate measures that include PPP forgiveness simplification to a vote starting today, ICBA continues calling on community bankers and their small-business contacts to weigh in with lawmakers.

ICBA commends FDIC on appeals plan

Oct 20, 2020 | NewsWatch Today
ICBA commended the FDIC for proposing to create an independent office within the agency to review material supervisory determinations.

FHFA again extends forbearance purchases

Oct 20, 2020 | NewsWatch Today
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance and several loan-origination flexibilities.

OCC: Take PPP accounting concerns to FASB

Oct 20, 2020 | NewsWatch Today
The OCC encouraged ICBA to take community bank concerns over the PPP's complex accounting arrangement to the Financial Accounting Standards Board.

SBA PPP Guidance Includes Simplified Processes, Borrower Notification, and EIDL Advance Deductions

Oct 20, 2020 | ICBA Summaries
ICBA released a summary of recent Paycheck Protection Program guidance, including a simplified forgiveness process and guidelines on Economic Injury Disaster Loan advances.

ICBA continues PPP video series

Oct 16, 2020 | NewsWatch Today
ICBA continues its series of videos featuring small-business owners who successfully received PPP loans from community banks. The series on the updated banklocally.org features entrepreneurs whose local community banks worked around the clock to process their loans.