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CFPB updates "underserved" methodology

Jun 24, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule on how it determines which counties qualify as "underserved" for a given calendar year.

ICBA PPP webinar follows release of new rule

Jun 24, 2020 | NewsWatch Today
Community bankers can download the recording of Tuesday's ICBA Community Bank Briefing on the Paycheck Protection Program. The briefing provides a regulatory update with a focus on PPP loan review and forgiveness.

FEMA offers exercise kit for restoring operations

Jun 24, 2020 | NewsWatch Today
The Federal Emergency Management Agency released an Exercise Starter Kit that organizations can use as they plan for returning to the new normal.

SBA to release info on most PPP borrowers

Jun 22, 2020 | NewsWatch Today
The SBA and Treasury Department said they will publicly release certain information about Paycheck Protection Program borrowers.

SBA tool connects small biz with PPP lenders

Jun 22, 2020 | NewsWatch Today
The SBA launched an online tool to match small businesses and nonprofits with smaller-asset Paycheck Protection Program lenders.

FDIC board meeting Thursday on Volcker Rule

Jun 22, 2020 | NewsWatch Today
The FDIC board of directors is scheduled to meet at 2:30 p.m. (Eastern time) this Thursday, June 25

ICBA releases custom small-business op-ed

Jun 22, 2020 | NewsWatch Today
ICBA recently released a customizable op-ed that community bankers can use to share how they have rallied around small businesses during the COVID-19 pandemic and led the way on Paycheck Protection Program loans.

ICBA urges changes to brokered deposit proposal

Jun 10, 2020 | NewsWatch Today
ICBA urged the FDIC to update its proposal to revise restrictions on brokered deposits that apply to less-than-well-capitalized banks.

CFPB issues new TRID resources

Jun 10, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau published a new fact sheet and updated frequently asked questions on the TILA-RESPA Integrated Disclosure Rule.

New PPP payroll threshold not a cliff

Jun 9, 2020 | NewsWatch Today
The Treasury Department and Small Business Administration clarified that Paycheck Protection Program borrowers will remain eligible for partial loan forgiveness under the 60 percent payroll requirement contained in the new PPP reform law.

ICBA seeks streamlined Paycheck Protection Program process

Jun 9, 2020 | NewsWatch Today
ICBA called on the Treasury Department and SBA to make the Paycheck Protection Program loan-forgiveness process less complex and onerous for borrowers and lenders.

Smaller lenders lead both PPP rounds: data

Jun 9, 2020 | NewsWatch Today
Lenders under $10 billion in assets have made more than 2.26 million Paycheck Protection Program loans worth more than $224 billion through both rounds of funding, the Small Business Administration reported.