Brian Laverdure Joins ICBA as Vice President, Payments and Technology Policy

Oct 8, 2020 | Press Release
The Independent Community Bankers of America today announced the hire of Brian Laverdure as vice president of payments and technology policy.

Fed outlook assumes stimulus spending: minutes

Oct 8, 2020 | NewsWatch Today
Many Federal Open Market Committee members are predicating their economic outlook on the passage of additional economic stimulus spending, according to the minutes of their Sept. 15-16 meeting.

SBA issues guidance on PPP deferral period

Oct 8, 2020 | NewsWatch Today
The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the extended deferral period for borrower payments on PPP loans.

Credit union acquisitions demand hearing: ICBA

Oct 8, 2020 | NewsWatch Today
Credit union acquisitions of community banks represent an "obscene" use of taxpayer subsidies and should be reviewed by Congress, ICBA's Paul Merski told Banking Dive.

CFPB relaxes stance on marketing services agreements

Oct 8, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released frequently asked questions on the legality of RESPA marketing services agreements.

Independent Banker previews election

Oct 6, 2020 | NewsWatch Today
The October issue of Independent Banker magazine previews the 2020 election and what the potential outcomes mean for community banks.

PPP forgiveness push continues

Oct 6, 2020 | NewsWatch Today
ICBA continues urging community bankers to call their members of Congress and enlist the support of small-business contacts on behalf of PPP forgiveness legislation.

CFPB outlines consent order termination process

Oct 6, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a policy statement outlining the process of applying for early termination of administrative consent orders.

Romero Rainey: Call Congress on PPP forgiveness

Oct 5, 2020 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey urged community bankers to call their members of Congress and enlist the support of small-business contacts on behalf of PPP forgiveness legislation.

FDIC to Congress: We're working on PPP asset-threshold impact

Oct 5, 2020 | NewsWatch Today
The FDIC told a group of House Republicans that it is exploring options to address the impact of Paycheck Protection Program loans on bank and bank holding company asset thresholds.

SBA issues change-of-ownership procedures for PPP borrowers

Oct 5, 2020 | NewsWatch Today
The SBA issued a notice on the required procedures for changes of ownership of Paycheck Protection Program borrowers.

OCC issues CRA community bank resources

Oct 5, 2020 | NewsWatch Today
The OCC issued a Small Bank Compliance Guide and other resources on its Community Reinvestment Act final rule, which took effect Oct. 1.

IRS: Lenders shouldn't report PPP loan forgiveness

Oct 5, 2020 | NewsWatch Today
The IRS recently issued guidance clarifying that lenders should not file information returns or furnish payee statements to report the amount of qualifying forgiveness on PPP loans.

ICBA working with agencies on reducing TRID burden

Oct 2, 2020 | NewsWatch Today
ICBA announced a collaboration with the Federal Reserve and Consumer Financial Protection Bureau to test certain community bank-inspired improvements to the TILA-RESPA Integrated Disclosure Rule.

Fed's Brainard: Community banks key to CRA modernization

Oct 2, 2020 | NewsWatch Today
The Federal Reserve relied on ICBA and community bank input in developing its recent advance notice of proposed rulemaking on modernizing Community Reinvestment Act regulations, Fed Governor Lael Brainard told ICBA community bankers.

ICBA to CFPB: Expand 'seasoned' QM plan

Oct 2, 2020 | NewsWatch Today
ICBA encouraged the CFPB to expand on its proposal to create a new category of "seasoned" qualified mortgages.

ICBA Offers Cybersecurity Tips So Consumers Can Connect Online with Confidence

Oct 1, 2020 | Press Release
As Americans venture online in greater numbers to accommodate work, school and shopping, ICBA and the nation’s community banks are offering practical steps during Cybersecurity Awareness Month to help them safeguard sensitive data.

ICBA to Participate in 'Sandbox' Project to Improve Mortgage Rules

Oct 1, 2020 | Press Release
ICBA President and CEO Rebeca Romero Rainey issued a statement on TILA-RESPA Integrated Disclosure Rule innovation during today's Montana State University virtual event.

FinCEN warns of cryptocurrency risk

Oct 1, 2020 | NewsWatch Today
Banks should expect examiners and the Financial Crimes Enforcement Network to ask about risk exposure related to virtual currencies, FinCEN Director Kenneth Blanco said.

Enlist small businesses in PPP push

Oct 1, 2020 | NewsWatch Today
ICBA is now calling on community bankers to enlist small-business customers in urging Congress to immediately pass legislation to simplify Paycheck Protection Program forgiveness.