Newsroom Graphic

NewsWatch Today

SBA tool connects small biz with PPP lenders

Jun 22, 2020 | NewsWatch Today
The SBA launched an online tool to match small businesses and nonprofits with smaller-asset Paycheck Protection Program lenders.

FDIC board meeting Thursday on Volcker Rule

Jun 22, 2020 | NewsWatch Today
The FDIC board of directors is scheduled to meet at 2:30 p.m. (Eastern time) this Thursday, June 25

ICBA releases custom small-business op-ed

Jun 22, 2020 | NewsWatch Today
ICBA recently released a customizable op-ed that community bankers can use to share how they have rallied around small businesses during the COVID-19 pandemic and led the way on Paycheck Protection Program loans.

ICBA urges changes to brokered deposit proposal

Jun 10, 2020 | NewsWatch Today
ICBA urged the FDIC to update its proposal to revise restrictions on brokered deposits that apply to less-than-well-capitalized banks.

CFPB issues new TRID resources

Jun 10, 2020 | NewsWatch Today
The Consumer Financial Protection Bureau published a new fact sheet and updated frequently asked questions on the TILA-RESPA Integrated Disclosure Rule.

New PPP payroll threshold not a cliff

Jun 9, 2020 | NewsWatch Today
The Treasury Department and Small Business Administration clarified that Paycheck Protection Program borrowers will remain eligible for partial loan forgiveness under the 60 percent payroll requirement contained in the new PPP reform law.

ICBA seeks streamlined Paycheck Protection Program process

Jun 9, 2020 | NewsWatch Today
ICBA called on the Treasury Department and SBA to make the Paycheck Protection Program loan-forgiveness process less complex and onerous for borrowers and lenders.

Smaller lenders lead both PPP rounds: data

Jun 9, 2020 | NewsWatch Today
Lenders under $10 billion in assets have made more than 2.26 million Paycheck Protection Program loans worth more than $224 billion through both rounds of funding, the Small Business Administration reported.

Three grassroots campaigns take on credit unions

Jun 8, 2020 | NewsWatch Today
ICBA is calling on community bankers to act on several grassroots campaigns related to the authority and oversight of tax-exempt credit unions.

ICBA Pledges Multi-Year Commitment to Community Bank Innovation

Jun 8, 2020 | NewsWatch Today
The Independent Community Bankers of America today announced an additional three-year commitment to its ICBA ThinkTECH Accelerator program as part of a comprehensive mission-driven innovation strategy.

New legislation looks to address PPP restrictions

Jun 5, 2020 | NewsWatch Today
On June 5, President Donald Trump signed legislation to address restrictions on the Small Business Administration’s (SBA) Paycheck Protection Program. While further guidance and clarification is likely, here is a summary of the provisions that appear in the Paycheck Protection Program Flexibility Act.

ICBA testifies on inclusive lending, PPP reform

Jun 5, 2020 | NewsWatch Today
ICBA testified before Congress on promoting inclusive lending during the coronavirus pandemic by community development financial institutions, minority depository institutions, and other community banks.