The Independent Community Bankers of America, in partnership with AIR, the Alliance for Innovative Regulation, and The Venture Center, will host a second virtual event for community banks featuring fintech offerings to help solve for the Small Business Administration’s Paycheck Protection Program loan forgiveness process.
With the Senate considering Paycheck Protection Program reforms after the House passed its reform bill last week, community banks should urge lawmakers to enact recommended changes, ICBA President and CEO Rebeca Romero Rainey wrote.
ICBA Minority Bank Advisory Council member George Andrews and others at Unity National Bank in Atlanta last week hosted top administration officials for a roundtable discussion on U.S. small businesses.
The OCC finalized its rule clarifying that when banks sell or assign a loan, interest permissible prior to the transfer continues to be permissible afterward.
The FDIC issued the lists of institutions scheduled for Community Reinvestment Act examinations during the third and fourth quarter of 2020, as required by law.
ICBA is calling on community bankers to provide Congress with policy recommendations to make the Paycheck Protection Program more workable for lenders and borrowers.
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America, today unveiled its annual 40 Under 40: Emerging Community Bank Leaders list.
The House voted 417-1 to pass legislation to ease restrictions on the Small Business Administration’s Paycheck Protection Program, as advocated for by ICBA.
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
