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CFPB seeking feedback on small-biz reporting costs

Jul 28, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau is conducting a survey of institutions offering small-business credit products to determine potential one-time costs associated with complying with Section 1071 of the Dodd Frank Act.

PPP data show community banks stepping up: blog

Jul 23, 2020 | NewsWatch Today
The SBA's release of Paycheck Protection Program loan data confirms that community banks have led the way in supporting the economic recovery in local communities.

Employee retention tax credit deadline is July 31

Jul 23, 2020 | NewsWatch Today
July 31 is the second-quarter deadline to report the Employee Retention Tax Credit to the IRS on Form 941s.

FDIC names new community bank committee members

Jul 23, 2020 | NewsWatch Today
ICBA congratulates the new members of the FDIC Advisory Committee on Community Banking, which provides advice and recommendations to the agency.

ICBA seeks feedback on remote work regs

Jul 23, 2020 | NewsWatch Today
ICBA and the Financial Services Sector Coordinating Council are seeking community banker feedback on the longer-term implications of maintaining a remote workforce after COVID-19.

ICBA pushing stimulus recs as Senate debate nears

Jul 21, 2020 | NewsWatch Today
With the Senate expected to begin debating the next economic stimulus package this week, ICBA is calling on community bankers to weigh in with recommendations that support local communities.

Credit union favoritism harms troops: op-ed

Jul 21, 2020 | NewsWatch Today
A federal law allowing tax-exempt credit unions to operate rent-free is shrinking the availability of banking options to service members, ICBA community banker and military veteran James Smith wrote this week in a Military Times op-ed.

Stats show community bank PPP impact: blog

Jul 21, 2020 | NewsWatch Today
A recent report by the Institute for Local Self-Reliance shows how vital community banks have been to the COVID-19 response, ICBA President and CEO Rebeca Romero Rainey wrote in Main Street Matters.

CFPB updates Reg Z thresholds

Jul 21, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued a final rule with its annual amendments to dollar amounts for several provisions in Regulation Z.

FHFA extends housing goals due to COVID-19

Jul 21, 2020 | NewsWatch Today
The Federal Housing Finance Agency's proposed 2021 housing goals for Fannie Mae and Freddie Mac that are unchanged from 2018-2020 due to the COVID-19 pandemic.

Op-ed: Credit union favoritism harms troops

Jul 20, 2020 | NewsWatch Today
A federal law allowing tax-exempt credit unions to operate rent-free is shrinking the availability of banking options to service members, ICBA community banker and military veteran James Smith wrote.

SBA planning PPP loan-forgiveness portal

Jul 20, 2020 | NewsWatch Today
The SBA will soon release a portal to accept Paycheck Protection Program loan-forgiveness applications, Administrator Jovita Carranza told the House Small Business Committee. The SBA is working with the Treasury Department to offer the portal by the beginning of August, she said.