ICBA continues urging community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advance deductions from PPP forgiveness amounts. ICBA also offers a separate alert for community bankers.
The Federal Reserve Board said the number of checks issued from 2015 to 2018 declined by 8.2 percent per year, a faster pace than the previously reported 7.2 percent annual decrease.
The Independent Community Bankers of America today announced that Alex Galeano has joined the organization as senior executive vice president and chief financial officer.
New legislation introduced by Sen. Mike Lee (R-Utah) is designed to protect borrowers and lenders from regulatory penalties associated with the Paycheck Protection Program after ICBA raised the issue with policymakers.
ICBA President and CEO Rebeca Romero Rainey called on community bankers to contact Congress and engage small-business customers on the growing conflict between PPP loans and Economic Injury Disaster Loan advances.
A federal court this week blocked implementation of HUD's ICBA-supported final rule amending its interpretation of the Fair Housing Act’s "disparate impact" standard.
ICBA and the nation's community banks support new legislation that would prevent regulatory penalties for community banks with $15 billion or less in total assets due to their PPP lending, said ICBA President and CEO Rebeca Romero Rainey.
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 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 calling on community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advances from borrower PPP forgiveness amounts.
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.
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.
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.
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.
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.
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.
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
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.