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ICBA keeps up EIDL push as pressure rises

Nov 3, 2020 | NewsWatch Today
ICBA is urging community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advance deductions from PPP forgiveness amounts.

ICBA releasing election analysis tomorrow

Nov 3, 2020 | NewsWatch Today
With Election Day polls closing tonight, ICBA tomorrow will release an analysis on the 2020 election results and what they mean for community banks.

Fed increases access to Main Street Lending Program

Nov 2, 2020 | NewsWatch Today
The Federal Reserve Board reduced the minimum loan size for its Main Street Lending Program from $250,000 to $100,000 and adjusted fees to encourage the provision of smaller loans.

Senator ups pressure to address EIDL-PPP conflict

Nov 2, 2020 | NewsWatch Today
Sen. Steve Daines (R-Mont.) called on Senate Small Business Committee leaders to resolve the conflict between Economic Injury Disaster Loan advances and the Paycheck Protection Program that ICBA has repeatedly spotlighted.

CFPB issues debt-collection rule with ICBA-advocated change

Nov 2, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule to implement the Fair Debt Collection Practices Act, which restricts debt collector communications with consumers.

Agencies propose regulation on supervisory guidance

Oct 30, 2020 | NewsWatch Today
Federal financial regulators invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions. The proposal would codify their September 2018 statement clarifying the differences between regulations and guidance.

Grassroots on EIDL advances continues

Oct 30, 2020 | NewsWatch Today
ICBA continues urging community bankers to direct borrowers to ICBA's small-business alert addressing Economic Injury Disaster Loan Advance deductions from PPP forgiveness amounts. ICBA also offers a separate alert for community bankers.

Checks decline at faster pace as alternative payments grow: Fed

Oct 30, 2020 | NewsWatch Today
The Federal Reserve Board said the number of checks issued from 2015 to 2018 declined by 8.2 percent per year, a faster pace than the previously reported 7.2 percent annual decrease.

Senate bill responds to ICBA asset-threshold push

Oct 28, 2020 | NewsWatch Today
New legislation introduced by Sen. Mike Lee (R-Utah) is designed to protect borrowers and lenders from regulatory penalties associated with the Paycheck Protection Program after ICBA raised the issue with policymakers.

Romero Rainey: Grassroots needed on EIDL-PPP

Oct 28, 2020 | NewsWatch Today
ICBA President and CEO Rebeca Romero Rainey called on community bankers to contact Congress and engage small-business customers on the growing conflict between PPP loans and Economic Injury Disaster Loan advances.

Court blocks ICBA-backed 'disparate impact

Oct 28, 2020 | NewsWatch Today
A federal court this week blocked implementation of HUD's ICBA-supported final rule amending its interpretation of the Fair Housing Act’s "disparate impact" standard.

Proposal would expand BSA recordkeeping

Oct 26, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network and Federal Reserve Board invited comment on a proposed rule that would amend Bank Secrecy Act recordkeeping and travel rule regulations.