ICBA called on policymakers to immediately approve additional funds for the Paycheck Protection Program with the initial round of program funds expected to be exhausted soon.
With the right policies in place, community banks are well positioned to channel credit expeditiously to help small business bridge this temporary economic shutdown, preserve their workforces, and be ready to restart once restrictions have been lifted.
ICBA updated its frequently asked questions on the federal response to the COVID-19 pandemic with information on Economic Impact Payments—the federal stimulus payments going out to eligible individuals and households.
The Independent Community Bankers of America and nearly 30 state banking associations today sent a letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza imploring them to do everything in their power to assure timely access to the Paycheck Protection Program for the roughly one-third of the community banking industry.
The Independent Community Bankers of America and The Venture Center, in partnership with the State of Arkansas, today hosted the ICBA ThinkTECH Accelerator Virtual Demo Day, for its second cohort.
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.
