NewsWatch Today

A Small Business Administration user guide offers details on the Paycheck Protection Program forgiveness platform scheduled to go live this Monday, Aug. 10.

ICBA expressed strong support for Senate Small Business Committee Chairman Marco Rubio's (R-Fla.) efforts to renew and simplify the Paycheck Protection Program before it expires tomorrow.

ICBA-supported legislation to provide loan relief to rural communities was introduced in the House and Senate.

The Federal Housing Finance Agency said multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac that enter into forbearance agreements must inform tenants in writing about tenant protections during the forbearance and repayment periods.

The Federal Reserve Board released details of its forthcoming FedNow real-time payments service, which it is seeking to launch in 2023 or 2024.

The Cybersecurity and Infrastructure Security Agency this week issued a fact sheet highlighting cyber resiliency resources provided by the federal government, industry, and trade associations.

With Congress and the Trump administration negotiating the next stimulus package, ICBA continues calling on community bankers to urge needed reforms.

The Senate Banking Committee approved the nominations of Kyle Hauptman for the National Credit Union Administration Board as well as Hester Peirce and Caroline Crenshaw to be members of the Securities and Exchange Commission.

USDA's Risk Management Agency said it will authorize approved insurance providers to extend deadlines for premium and administrative fee payments.

The Financial Crimes Enforcement Network issued responses to three frequently asked questions regarding customer due diligence requirements for covered financial institutions.

The August issue of Independent Banker magazine focuses on how community banks can get the most out of contract negotiations with core providers.

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.