As Congress considers the next legislative package to address the economic fallout from the COVID-19 pandemic, the Independent Community Bankers of America today weighed in with recommendations to support local communities.
The Consumer Financial Protection Bureau issued an interpretive rule on how it determines which counties qualify as "underserved" for a given calendar year.
Community bankers can download the recording of Tuesday's ICBA Community Bank Briefing on the Paycheck Protection Program. The briefing provides a regulatory update with a focus on PPP loan review and forgiveness.
ICBA recently released a customizable op-ed that community bankers can use to share how they have rallied around small businesses during the COVID-19 pandemic and led the way on Paycheck Protection Program loans.
The Independent Community Bankers of America today announced that it has extended its Preferred Service Provider agreement with ProfitStars, a division of Jack Henry & Associates Inc., to include Forecasting and Financial Reporting to support community bank strategic planning.
The Consumer Financial Protection Bureau published a new fact sheet and updated frequently asked questions on the TILA-RESPA Integrated Disclosure Rule.
Section 29 of the Federal Deposit Insurance Act restricts the acceptance of deposits by insured depository institutionsfrom a “deposit broker.” Although well capitalized IDIs are not restricted from accepting deposits from a deposit broker, those IDIs with a significant concentration of brokered deposits may pay higher quarterly FDIC assessments.
The Independent Community Bankers of America® (ICBA) called on the Treasury Department and Small Business Administration to make the Paycheck Protection Program loan-forgiveness process less complex and onerous for borrowers and lenders.
The Independent Community Bankers of America and The American College of Financial Services today announced a new “20 in 2020” scholarship for veterans and their families seeking challenging and rewarding careers as community bankers.
The Treasury Department and Small Business Administration clarified that Paycheck Protection Program borrowers will remain eligible for partial loan forgiveness under the 60 percent payroll requirement contained in the new PPP reform law.
ICBA called on the Treasury Department and SBA to make the Paycheck Protection Program loan-forgiveness process less complex and onerous for borrowers and lenders.