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SBA reopening for more lenders Friday

Jan 13, 2021 | NewsWatch Today
The Small Business Administration just announced that it will reopen the Paycheck Protection Program loan portal to PPP-eligible lenders with $1 billion or less in assets this Friday, Jan. 15.

ICBA Statement on Conservatorship of Fannie Mae, Freddie Mac

Jan 13, 2021 | NewsWatch Today
Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on the conservatorship of Fannie Mae and Freddie Mac.

SBA issues PPP resources ahead of launch

Jan 11, 2021 | NewsWatch Today
The SBA on Friday and over the weekend released a series of forms and guidance for the next round of Paycheck Protection Program lending starting for certain lenders today.

IRS redirecting, reissuing some EIP2s

Jan 11, 2021 | NewsWatch Today
The IRS said it is working with the tax-preparation industry to redirect second Economic Impact Payments that for some recipients went to temporary bank accounts established when their 2019 tax returns were filed.

ICBA: FHFA approval process should expand GSE transparency

Jan 11, 2021 | NewsWatch Today
ICBA submitted a comment letter to the Federal Housing Finance Agency on its proposed rule that outlines the process of prior approval for Fannie Mae and Freddie Mac products

Community Banks: The Road to Bipartisan Solutions

Jan 8, 2021 | NewsWatch Today
The Independent Community Bankers of America congratulates members of the 117th Congress for serving the nation at this critical time.

ICBA's Open Letter to the 117th Congress

Jan 8, 2021 | NewsWatch Today
ICBA believes that the policy recommendations outlined in this letter will play a critical role in creating a robust post-pandemic recovery and charting a course for inclusive growth and a more competitive economy that serves small businesses and consumers.

SBA begins implementing next round of PPP

Jan 7, 2021 | NewsWatch Today
The Small Business Administration last night issued several documents on the next round of the Paycheck Protection Program authorized by the end-of-year stimulus package. Here's the latest.

2020 in Review: ICBA members are a strong and active voice

Jan 5, 2021 | NewsWatch Today
More than 9,000 community bankers sent more than 65,000 messages to Congress and Federal regulators in 2020. Let’s review what community banks did this year on the advocacy front.

IRS: 13M EIPs going to temporary tax-prep accounts

Jan 5, 2021 | NewsWatch Today
The IRS said roughly 13 million second-round Economic Impact Payments went to temporary accounts used by the tax-preparation industry. Those payments—out of some 113 million in EIP2 ACH payments—will be returned to the IRS, the agency said in a call on Monday.

EIDL advance fix in effect as SBA writes new PPP rules

Jan 5, 2021 | NewsWatch Today
While the SBA writes new rules on the next round of the Paycheck Protection Program, the ICBA-advocated fix to Economic Injury Disaster Loan advances is effective immediately and retroactive.

ICBA backs state standards for nonbank mortgage servicers

Jan 5, 2021 | NewsWatch Today
ICBA said it largely supports a Conference of State Banking Supervisors proposal to establish regulatory standards for nonbank mortgage servicers. The CSBS proposal offers prudential-like standards that states could approve for supervising servicers.