The Independent Community Bankers of America today called on federal regulators to make needed changes to their proposal to reform Community Reinvestment Act regulations to promote equitable, consistent, and transparent implementation of the law.
Apr 8, 2020
| Letters to Congress| Letters to Regulators
During the Great Recession, CDFIs played a pivotal role in stabilizing the local economies and preserving and creating jobs in low- and moderate-income communities. Likewise, the 2020 recession is already taking a devastating toll on the most economically fragile households and the communities where they live.
ICBA leadership represented the nation’s nearly 5,000 community banks at a virtual meeting held at the White House with President Donald J. Trump to discuss the status of the Paycheck Protection Program created by the recently enacted CARES Act.
ICBA sent a letter to U.S. Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza early this morning laying out urgent recommendations for the Paycheck Protection Program so that every community bank across the nation has the capability to access the system and help their customers during this critical time.
Federal regulators said they will consider comments submitted before May 1 on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds. The previous deadline was April 1.
If the Paycheck Protection Loan Program doesn’t work for all community banks, both current SBA 7(a) lenders and otherwise, then it will fail to achieve its objectives. Our concerns are outlined in this letter, together with our recommended changes.
If the Paycheck Protection Loan Program doesn’t work for all community banks, both current SBA 7(a) lenders and otherwise, then it will fail to achieve its objectives. Our concerns are outlined in this letter, together with our recommended changes.
In honor of Community Banking Month in April, the Independent Community Bankers of America recognizes the unmatched role that the nation’s nearly 5,000 community banks serve in helping their customers and communities through times of challenge.
On March 25, the U.S. Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The House of Representatives is expected to pass the legislation, and the President is expected to sign it into law. ICBA succeeded in including a number of provisions that will help community banks sustain critical economic activity with access to credit to struggling small businesses, families, and individuals.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued this statement after the House passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, sending it to President Donald Trump to be signed into law.
The Federal Reserve said it will not take action against financial institutions with $5 billion or less in total assets for submitting certain financial statements within 30 days of the March 31 filing deadline.
ICBA President and CEO Rebeca Romero Rainey issued this statement on the coronavirus stimulus package compromise reached today by Congress and the Trump administration.
The Independent Community Bankers of America announced today that Venminder has been selected as the newest Preferred Service Provider for its third-party risk management software.
The Senate is convening now to advance the economic stimulus package responding to the coronavirus outbreak. We at ICBA often say that our star shines brightest when we are in the midst of a challenge—just as community bankers do.
At a time of social distancing, the Independent Community Bankers of America wants consumers to know that community banks put the “community” into banking and are here to serve the needs of their customers and communities throughout the coronavirus pandemic and beyond.
The Independent Community Bankers of America and the nation’s community banks are honoring the contributions of America’s local farmers, ranchers and agricultural enterprises during today's National Ag Day.
The Independent Community Bankers of America is writing to you today in the midst of an unprecedented health crisis that has temporarily placed considerable hardships on the nation’s communities that are served by community banks.
The Independent Community Bankers of America wants consumers to rest assured that their FDIC insured deposits are safe in their local community bank and offers additional tips for expanding coverage.
