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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.

CFPB relaxes stance on marketing services agreements

Oct 8, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released frequently asked questions on the legality of RESPA marketing services agreements.

Independent Banker previews election

Oct 6, 2020 | NewsWatch Today
The October issue of Independent Banker magazine previews the 2020 election and what the potential outcomes mean for community banks.

PPP forgiveness push continues

Oct 6, 2020 | NewsWatch Today
ICBA continues urging community bankers to call their members of Congress and enlist the support of small-business contacts on behalf of PPP forgiveness legislation.

CFPB outlines consent order termination process

Oct 6, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a policy statement outlining the process of applying for early termination of administrative consent orders.