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.

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.

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.

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.

The Consumer Financial Protection Bureau extended the government-sponsored enterprise "patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the Qualified Mortgage rule.

Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the FDIC's adjustment to regulatory asset thresholds.

ICBA is scheduled to host a complimentary Paycheck Protection Program webinar at 11:30 a.m. EST today. Staff experts will answer questions and discuss streamlined PPP forgiveness procedures, ICBA advocacy on PPP and EIDL advances, and more.

With the Senate bringing two separate measures that include PPP forgiveness simplification to a vote starting today, ICBA continues calling on community bankers and their small-business contacts to weigh in with lawmakers.

ICBA commended the FDIC for proposing to create an independent office within the agency to review material supervisory determinations.

The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance and several loan-origination flexibilities.

The OCC encouraged ICBA to take community bank concerns over the PPP's complex accounting arrangement to the Financial Accounting Standards Board.

ICBA released a summary of recent Paycheck Protection Program guidance, including a simplified forgiveness process and guidelines on Economic Injury Disaster Loan advances.

ICBA continues its series of videos featuring small-business owners who successfully received PPP loans from community banks. The series on the updated banklocally.org features entrepreneurs whose local community banks worked around the clock to process their loans.

Information on Economic Injury Disaster Loan advances is now available on the Paycheck Protection Program Forgiveness Platform for submitted decisions, the SBA said in a letter to lenders with several updates on processing forgiveness payments.

ICBA called on Senate Majority Leader Mitch McConnell (R-Ky.) to include Paycheck Protection Program forgiveness simplification in pending stimulus legislation.

ICBA and other groups this week urged Congress to get involved in the OCC's efforts to grant commercial companies like Amazon or Facebook a national payments charter.

ICBA launched a series of videos featuring small-business owners who successfully received Paycheck Protection Program loans from community banks, often after megabanks proved unresponsive.

The Independent Community Bankers of America today announced the hire of Nasreen Quibria as vice president of emerging payments and technology policy.