NewsWatch Today

The FDIC extended the public comment period for its proposed rule regarding industrial banks and industrial loan companies to July 1, 2020.

ICBA commended the FDIC’s proposal to partially mitigate the effects of participating in the Paycheck Protection Program and other emergency programs on deposit-insurance assessments, while calling for additional relief measures.

The Small Business Administration sent out a notice reminding lenders that loans marked with a “research” status in their Paycheck Protection Program portfolios should be reviewed for accuracy and completeness, by 8 p.m. (Eastern time) Thursday, May 28.

The SBA issued an interim final rule with answers to questions on Paycheck Protection Program loan increases and disbursements as well as 1502 reporting.

ICBA's ongoing push for policymakers to provide guidance on Paycheck Protection Program loan forgiveness made headlines in the Financial Times, American Banker, Forbes, Banking Dive, and more.

National Credit Union Administration Chairman Rodney Hood testified on his agency's recent announcement that it is changing its methodology for designating low-income credit unions.

The FDIC approved a proposed rule to mitigate the effects of participating in the Paycheck Protection Program and other emergency programs on deposit-insurance assessments.

Security breaches involving cloud computing services highlight the importance of sound security controls and management’s understanding of the shared responsibilities between cloud service providers and their financial institution clients, federal regulators said.

ICBA told the Federal Reserve it is concerned the agency's Main Street Lending Program excludes small businesses because it has a minimum loan amount of $1 million.

ICBA updated its frequently asked questions on the federal response to the COVID-19 pandemic with information on Economic Impact Payments—the federal stimulus payments going out to eligible individuals and households.

Federal regulators said they will consider comments submitted before May 1 on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds. The previous deadline was April 1.