NewsWatch Today

The Government Accountability Office reissued its recommendation to the FDIC for enhanced collaboration with other financial regulators concerning the use of alternative data in credit underwriting.

The Paycheck Protection Program closed to new loan applications more than a year and several iterations after the emergency program was enacted.

The Federal Reserve Board requested public comment on proposed changes to its policy governing the provision of intraday credit, or daylight overdrafts, to healthy institutions with accounts at the Federal Reserve Banks.

The Alternative Reference Rates Committee said it is holding an event next week on the impact of the transition from LIBOR to the Secured Overnight Financing Rate on the derivatives market.

ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen negotiations over the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac.

ICBA this week released an updated guide for community banks on data privacy laws and regulations. The guide is available here and in the Cyber and Data Security Mitigation section of ICBA’s Operational Risk resource center.

Roughly 42 percent of loans for manufactured homes are secured by “chattel” loans secured by the home but not the land, according to a report from CFPB.

ICBA released its latest video in a series on how community banks have partnered with small businesses during the pandemic to help them navigate the Paycheck Protection Program.

ICBA and other groups today are urging House members to oppose a Senate-passed resolution to repeal the OCC’s “true lender” rule.

Community bankers can now vote on ICBA’s National Community Bank Service Awards People's Choice Award videos.

The OCC finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable.

The USDA announced the initial phase of plans to pay off USDA direct loans to socially disadvantaged (SDA) farmers and ranchers. It will subsequently announce its process for paying off guaranteed loans.