This month’s report includes details on: how advanced economies have recovered faster from the economic downturn; three distinct ways in which consumers have adapted in those markets; the COVID-19 Economic Impact Index; and regional recovery updates.

Wayne Best, Chief Economist at Visa, shares that “small businesses are far less likely to be delinquent on their credit cards. See full report for details on small business payments trends.

Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America, today unveiled its 2020 Best Community Banks to Work For, recognizing five community banks for their exemplary efforts to create an exceptional work environment for employees.

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on Janet Yellen's nomination for Treasury secretary.

The SBA issued to lenders a letter and instructions on the agency's "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more.

ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session.

ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan.

ICBA has raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears to go against the language of the CARES Act.

The OCC issued a proposed rule on Community Reinvestment Act general performance standards with a 60-day comment period.

The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021.

ICBA recently expressed strong support for House and Senate legislation that would restore forgiveness for Economic Injury Disaster Loan Advance recipients who also have a Paycheck Protection Program loan.

ICBA is hosting a virtual ICBA ThinkTECH Policy Summit to bring the nation’s community banks together with key stakeholders to discuss fintech policies and opportunities for further collaboration in support of community bank innovation.

The Small Business Administration said it has forgiven 367,321 Paycheck Protection Program loans worth $38.4 billion as of noon Sunday.

The Consumer Financial Protection Bureau released an update to its Filing Instructions Guide for HMDA data collected in 2021 and reported in 2022.

The OCC issued a final rule designed to update or eliminate outdated regulatory requirements.

Federal regulators announced ICBA-advocated relief from regulatory burdens caused by participating in federal coronavirus response programs.

ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session.

ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines.

ICBA raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears to go against the language of the CARES Act.

Judy Shelton's Federal Reserve Board nomination failed to advance in the Senate as supportive Republican Sens. Charles Grassley (Iowa) and Rick Scott (Fla.) quarantined due to COVID-19 exposure.