The Federal Reserve Bank of Boston has provided additional guidance related to the Fed’s Main Street Lending Program for potential borrowers and lenders.
The Small Business Administration and the Treasury Department announced plans to set aside $10 billion of round two of Paycheck Protection Program funding for Community Development Financial Institutions.
ICBA and 43 state banking associations wrote to Congress seeking more workable forgiveness loan terms under the Small Business Administration’s Paycheck Protection Program.
ICBA commended the FDIC’s proposal to partially mitigate the effects of participating in the Paycheck Protection Program and other emergency programs on deposit-insurance assessments, while calling for additional relief measures.
The Small Business Administration sent out a notice reminding lenders that loans marked with a “research” status in their Paycheck Protection Program portfolios should be reviewed for accuracy and completeness, by 8 p.m. (Eastern time) Thursday, May 28.
Community bankers across the country have worked tirelessly to deliver PPP loans quickly and successfully on behalf of thousands of small businesses. PPP loans could be a lifeline for borrowers, if the terms for forgiveness are flexible and realistic, reflecting the complexity and variability of the current business environment.
The Independent Community Bankers of America provides comment to the FDIC on a proposed rule that would mitigate the deposit insurance assessment effects of participating in the Paycheck Protection Program established by the Small Business Administration, the Paycheck Protection Program Lending Facility and the Money Market Mutual Fund Liquidity Facility established by the Board of Governors of the Federal Reserve System.
The Independent Community Bankers of America, in partnership with AIR, the Alliance for Innovative Regulation, and The Venture Center, today presented 12 high-impact fintech solutions tailored to help community banks navigate the Small Business Administration’s Paycheck Protection Program for their small business customers
The Independent Community Bankers of America® (ICBA) today provided comprehensive recommendations for Congress to consider including in the next legislative package responding to the coronavirus pandemic
ICBA's CEO urges Congress to take into consideration recommendations developed in consultation with community bankers for inclusion in the next legislative package to address the fallout from the current pandemic on small businesses and jobs.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey released the following statement on today's Office of the Comptroller of the Currency final rule to reform Community Reinvestment Act regulations.
The Independent Community Bankers of America today announced the promotion of Leah Edwards to assistant vice president of member relations, effective June 1. In this expanded role, Edwards will be responsible for member recruitment and engagement in Delaware, Maryland and Virginia.
The Independent Community Bankers of America today launched its Paycheck Protection Program loan campaign to connect the nation’s small businesses with local community banks that continue to offer these loans in the midst of COVID-19.
The Independent Community Bankers of America, in partnership with AIR, the Alliance for Innovative Regulation and The Venture Center, will host a virtual event for community banks featuring fintech offerings to help solve the Paycheck Protection Program loan forgiveness process.
