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USDA extends deadlines, defers interest accrual

Aug 6, 2020 | NewsWatch Today
USDA's Risk Management Agency said it will authorize approved insurance providers to extend deadlines for premium and administrative fee payments.

FinCEN issues FAQs on customer due diligence

Aug 4, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network issued responses to three frequently asked questions regarding customer due diligence requirements for covered financial institutions.

Independent Banker covers core negotiations

Aug 4, 2020 | NewsWatch Today
The August issue of Independent Banker magazine focuses on how community banks can get the most out of contract negotiations with core providers.

ICBA posts guide on Economic Injury Disaster Loan liens

Aug 4, 2020 | NewsWatch Today
ICBA posted a new guide to Small Business Administration lien requirements on Economic Injury Disaster Loans after seeking SBA input on its treatment of EIDLs.

Small biz switching to community banks: WSJ

Aug 4, 2020 | NewsWatch Today
Many small businesses have switched from large banks to community banks amid the COVID-19 pandemic because of their successful implementation of the Paycheck Protection Program, The Wall Street Journal reported.

Agencies issue principles as loan-accommodation periods end

Aug 4, 2020 | NewsWatch Today
Federal regulators released risk management and consumer protection principles for financial institutions to consider while working with borrowers as initial coronavirus-related loan accommodation periods come to an end.

ICBA backs legal challenge to OCC fintech charter

Aug 3, 2020 | NewsWatch Today
ICBA filed a friend-of-the-court brief supporting the New York Department of Financial Services lawsuit challenging the Office of the Comptroller of the Currency's special-purpose national bank charter for fintech companies.

ICBA continues support for House PPP forgiveness bill

Aug 3, 2020 | NewsWatch Today
ICBA and other groups expressed strong support for the House version of ICBA-advocated legislation to forgive Paycheck Protection Program loans under $150,000.

House passes postal banking amendment

Aug 3, 2020 | NewsWatch Today
The House passed an ICBA-opposed amendment to a 2021 spending bill that would fund a postal banking pilot program at the U.S. Postal Service.

ICBA backs limited scope of debt-collection rule

Aug 3, 2020 | NewsWatch Today
ICBA said it supports how the Consumer Financial Protection Bureau structured its notice of proposed rulemaking on disclosures for collecting time-barred debt, or old debt that is no longer legally collectible.

FHFA extends policy on forbearance loan purchases

Aug 3, 2020 | NewsWatch Today
The Federal Housing Finance Agency extended a temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria.

CFPB posts new HMDA FAQs

Jul 31, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau released new frequently asked questions on the Home Mortgage Disclosure Act.