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Bill would expand farm partnership access to PPP

Mar 1, 2021 | NewsWatch Today
ICBA-supported legislation allowing farmers and ranchers categorized as partnerships to use gross income to calculate maximum Paycheck Protection Program loan amounts was introduced in the House.

Fed payment services back up following disruption

Feb 25, 2021 | NewsWatch Today
Federal Reserve payment services are back online following a three-hour disruption yesterday that the Fed attributed to "operational error."

PPP small borrower window opens, other reforms effective next week

Feb 25, 2021 | NewsWatch Today
One of the Biden administration's Paycheck Protection Program reforms announced earlier this week started yesterday, with the rest set to be implemented next week.

ICBA urges crop insurance support

Feb 25, 2021 | NewsWatch Today
ICBA and other groups urged policymakers to protect crop insurance from harmful cuts as they develop the fiscal 2022 budget.

FinCEN issues advisory on EIP fraud

Feb 25, 2021 | NewsWatch Today
The Financial Crimes Enforcement Network issued an advisory to alert financial institutions to fraud and other financial crimes related to Economic Impact Payments.

Community banks again outperform industry: FDIC

Feb 24, 2021 | NewsWatch Today
Community banks reported net income growth of 21.2 percent in the fourth quarter from a year ago and a 3.6 percent increase in 2020 from the year before, according to the FDIC's Quarterly Banking Profile.

CFPB announces plans to rethink QM rules

Feb 24, 2021 | NewsWatch Today
​The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance date.

ICBA urges garnishment exemption for EIPs

Feb 24, 2021 | NewsWatch Today
ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.

PPP reforms target smallest businesses

Feb 23, 2021 | NewsWatch Today
The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.

ICBA urges funding for rural development programs

Feb 23, 2021 | NewsWatch Today
ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill.

Agencies announce relief for Texas winter storms

Feb 23, 2021 | NewsWatch Today
Federal and state agencies announced relief to institutions and taxpayers affected by this month's winter storms in Texas and other states.

Agencies finalize call report threshold relief

Feb 22, 2021 | NewsWatch Today
Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.