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FinCEN issues BSA/AML guidance on hemp businesses

Jun 30, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network issued guidance on BSA/AML regulatory requirements for hemp-related business customers.

Supreme Court won't consider credit union redlining case

Jun 30, 2020 | NewsWatch Today
The U.S. Supreme Court declined to review the National Credit Union Administration's field-of-membership rules, ending an ICBA-supported legal challenge going back several years.

CFPB directors may be removed at will, Supreme Court rules

Jun 30, 2020 | NewsWatch Today
The U.S. Supreme Court ruled that the Consumer Financial Protection Bureau's single-director governance structure is unconstitutional and that the president must have the authority to remove the bureau head.

Bill would establish PPP loan-forgiveness calculator

Jun 30, 2020 | NewsWatch Today
Reps. Ann Wagner (R-Mo.) and Wm. Lacy Clay (D-Mo.) introduced legislation to establish a free online calculator to complete Paycheck Protection Program loan-forgiveness forms.

ICBA backs amendment to advance 'beneficial owner' reform

Jun 30, 2020 | NewsWatch Today
ICBA and other groups called on Senate leaders to include "beneficial ownership" disclosure relief in the 2021 National Defense Authorization Act.

PPP loans continue climb ahead of deadline

Jun 30, 2020 | NewsWatch Today
Community bank Paycheck Protection Program loans continued to climb ahead of today's deadline for borrower applications, according to an SBA summary of loan approvals through June 27.

Contact Congress on next pandemic relief package

Jun 29, 2020 | NewsWatch Today
As Congress considers the next COVID-19 legislative relief package, ICBA is calling on community bankers to provide lawmakers with policy recommendations that will support local communities.

Agencies propose revised flood insurance Q&As

Jun 29, 2020 | NewsWatch Today
Regulators requested public comment on new and revised interagency questions and answers on flood insurance.

PPP shines light on community banks

Jun 29, 2020 | NewsWatch Today
The Paycheck Protection Program has cast a national light on the role of community banks in supporting small businesses, ICBA President and CEO Rebeca Romero Rainey writes in Main Street Matters.

ICBA offers scholarship for veterans

Jun 29, 2020 | NewsWatch Today
ICBA and The American College of Financial Services are offering a new “20 in 2020” scholarship for veterans and their families seeking careers as community bankers.

FDIC codifies 'valid when made' doctrine

Jun 26, 2020 | NewsWatch Today
The FDIC issued an ICBA-supported rule codifying agency guidance that the valid interest rate for a loan is determined when the loan is made and is unaffected by a subsequent sale or reassignment to a third party.

SBA updates PPP guidance on maturity dates, fishing boats

Jun 26, 2020 | NewsWatch Today
The SBA updated its frequently asked questions on the Paycheck Protection Program with guidance on maturity dates.