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SBA offers EIDL info on PPP platform

Oct 16, 2020 | NewsWatch Today
Information on Economic Injury Disaster Loan advances is now available on the Paycheck Protection Program Forgiveness Platform for submitted decisions, the SBA said in a letter to lenders with several updates on processing forgiveness payments.

ICBA continues PPP pressure as Senate plans vote

Oct 16, 2020 | NewsWatch Today
ICBA called on Senate Majority Leader Mitch McConnell (R-Ky.) to include Paycheck Protection Program forgiveness simplification in pending stimulus legislation.

ICBA urges Congress to join debate over payments charter

Oct 16, 2020 | NewsWatch Today
ICBA and other groups this week urged Congress to get involved in the OCC's efforts to grant commercial companies like Amazon or Facebook a national payments charter.

ICBA launches PPP small-biz video series to elevate community banking

Oct 15, 2020 | NewsWatch Today
ICBA launched a series of videos featuring small-business owners who successfully received Paycheck Protection Program loans from community banks, often after megabanks proved unresponsive.

SBA streamlines forgiveness for some PPP loans

Oct 9, 2020 | NewsWatch Today
The SBA and Treasury Department released a simpler loan forgiveness application for Paycheck Protection Program loans of $50,000 or less to provide needed relief to lenders and borrowers.

ICBA backs pro-de novo bill

Oct 9, 2020 | NewsWatch Today
ICBA expressed support for legislation to promote the creation of de novo community banks by phasing in capital standards over three years.

What Google ad updates mean to bank marketing

Oct 9, 2020 | NewsWatch Today
A new Main Street Matters post for community bank marketers covers Google's updated advertising policies taking effect later this month and how to navigate this sea change.

ICBA: Rules should facilitate new hemp market

Oct 9, 2020 | NewsWatch Today
ICBA reiterated its support for provisions in new rules on a federal hemp production program that would not require suspicious activity reports from banks that finance hemp producers.

Agencies finalize capital rule updates

Oct 9, 2020 | NewsWatch Today
Federal banking regulators issued a final rule revising the definition of eligible retained income for institutions subject to the agencies' regulatory capital rule.

Fed outlook assumes stimulus spending: minutes

Oct 8, 2020 | NewsWatch Today
Many Federal Open Market Committee members are predicating their economic outlook on the passage of additional economic stimulus spending, according to the minutes of their Sept. 15-16 meeting.

SBA issues guidance on PPP deferral period

Oct 8, 2020 | NewsWatch Today
The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on the extended deferral period for borrower payments on PPP loans.

Credit union acquisitions demand hearing: ICBA

Oct 8, 2020 | NewsWatch Today
Credit union acquisitions of community banks represent an "obscene" use of taxpayer subsidies and should be reviewed by Congress, ICBA's Paul Merski told Banking Dive.