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GAO: $1.4B in stimulus payments to deceased people

Jun 26, 2020 | NewsWatch Today
The Government Accountability Office's report on the federal COVID-19 response reported that the IRS sent nearly $1.4 billion in Economic Impact Payments to nearly 1.1 million deceased individuals.

ICBA opposes Rakuten ILC resubmission

Jun 26, 2020 | NewsWatch Today
ICBA said the FDIC should deny Japanese e-commerce conglomerate Rakuten's application for federal deposit insurance at its Rakuten Bank America industrial loan company.

Regulators modify Volcker Rule

Jun 26, 2020 | NewsWatch Today
Financial regulators finalized a rule modifying the Volcker Rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.

ICBA offers Congress stimulus recommendations

Jun 25, 2020 | NewsWatch Today
As Congress considers the next legislative package to address the economic fallout from the COVID-19 pandemic, ICBA weighed in with recommendations to support local communities.

Romero Rainey: PPP shines positive light on community banks

Jun 25, 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.

SBA revises PPP restrictions for applicants with felonies

Jun 25, 2020 | NewsWatch Today
The SBA issued a new Paycheck Protection Program interim final rule revising its recently updated eligibility guidelines for borrowers facing criminal charges. Newly revised borrower and lender application forms dated June 24 incorporate the changes.

Agencies issue 2019 HMDA data

Jun 25, 2020 | NewsWatch Today
The Federal Financial Institutions Examination Council released data on 2019 mortgage lending transactions covered by the Home Mortgage Disclosure Act.

2020 CRA list released

Jun 25, 2020 | NewsWatch Today
Federal regulators released the 2020 list of distressed or underserved nonmetropolitan middle-income geographies.

CFPB updates "underserved" methodology

Jun 24, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau issued an interpretive rule on how it determines which counties qualify as "underserved" for a given calendar year.

ICBA PPP webinar follows release of new rule

Jun 24, 2020 | NewsWatch Today
Community bankers can download the recording of Tuesday's ICBA Community Bank Briefing on the Paycheck Protection Program. The briefing provides a regulatory update with a focus on PPP loan review and forgiveness.

FEMA offers exercise kit for restoring operations

Jun 24, 2020 | NewsWatch Today
The Federal Emergency Management Agency released an Exercise Starter Kit that organizations can use as they plan for returning to the new normal.

SBA to release info on most PPP borrowers

Jun 22, 2020 | NewsWatch Today
The SBA and Treasury Department said they will publicly release certain information about Paycheck Protection Program borrowers.