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PPP shines light on community banks

Jun 29, 2020 | NewsWatch Today
The Paycheck Protection Program has cast a national light on the role of community banks in supporting small businesses, ICBA President and CEO Rebeca Romero Rainey writes in Main Street Matters.

ICBA offers scholarship for veterans

Jun 29, 2020 | NewsWatch Today
ICBA and The American College of Financial Services are offering a new “20 in 2020” scholarship for veterans and their families seeking careers as community bankers.

FDIC codifies 'valid when made' doctrine

Jun 26, 2020 | NewsWatch Today
The FDIC issued an ICBA-supported rule codifying agency guidance that the valid interest rate for a loan is determined when the loan is made and is unaffected by a subsequent sale or reassignment to a third party.

SBA updates PPP guidance on maturity dates, fishing boats

Jun 26, 2020 | NewsWatch Today
The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on maturity dates.

GAO: $1.4B in stimulus payments to deceased people

Jun 26, 2020 | NewsWatch Today
The Government Accountability Office's report on the federal COVID-19 response reported that the IRS sent nearly $1.4 billion in Economic Impact Payments to nearly 1.1 million deceased individuals.

ICBA opposes Rakuten ILC resubmission

Jun 26, 2020 | NewsWatch Today
ICBA said the FDIC should deny Japanese e-commerce conglomerate Rakuten's application for federal deposit insurance at its Rakuten Bank America industrial loan company.

Regulators modify Volcker Rule

Jun 26, 2020 | NewsWatch Today
Financial regulators finalized a rule modifying the Volcker Rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.

ICBA offers Congress stimulus recommendations

Jun 25, 2020 | NewsWatch Today
As Congress considers the next legislative package to address the economic fallout from the COVID-19 pandemic, ICBA weighed in with recommendations to support local communities.

Romero Rainey: PPP shines positive light on community banks

Jun 25, 2020 | NewsWatch Today
The Paycheck Protection Program has cast a national light on the role of community banks in supporting small businesses, ICBA President and CEO Rebeca Romero Rainey writes in Main Street Matters.

SBA revises PPP restrictions for applicants with felonies

Jun 25, 2020 | NewsWatch Today
The SBA issued a new Paycheck Protection Program interim final rule revising its recently updated eligibility guidelines for borrowers facing criminal charges. Newly revised borrower and lender application forms dated June 24 incorporate the changes.

Agencies issue 2019 HMDA data

Jun 25, 2020 | NewsWatch Today
The Federal Financial Institutions Examination Council released data on 2019 mortgage lending transactions covered by the Home Mortgage Disclosure Act.

2020 CRA list released

Jun 25, 2020 | NewsWatch Today
Federal regulators released the 2020 list of distressed or underserved nonmetropolitan middle-income geographies.