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ICBA's PPP loan-forgiveness push gaining traction

May 13, 2020 | NewsWatch Today
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.

NCUA chief testifies on move benefitting largest credit unions

May 13, 2020 | NewsWatch Today
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.

FDIC proposes mitigating deposit-insurance impact of PPP

May 13, 2020 | NewsWatch Today
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.

Agencies: Sound security needed for cloud systems

May 1, 2020 | NewsWatch Today
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 to Fed: Main Street program should serve Main Street

Apr 17, 2020 | NewsWatch Today
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 FAQs detail Economic Impact Payments

Apr 13, 2020 | NewsWatch Today
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.

Agencies extend comment period on Volcker rule reform

Apr 3, 2020 | NewsWatch Today
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.

Nacha provides relief on signature requirements

Mar 30, 2020 | NewsWatch Today
Nacha said it will not enforce signature and similar authentication requirements for receiving depository financial institutions until further notice.

Fed announces financial reporting relief

Mar 27, 2020 | NewsWatch Today
The Federal Reserve said it will not take action against financial institutions with $5 billion or less in total assets for submitting certain financial statements within 30 days of the March 31 filing deadline.

There When It Counts: Behind the Scenes of ICBA Advocacy

Mar 25, 2020 | NewsWatch Today
The Senate is convening now to advance the economic stimulus package responding to the coronavirus outbreak. We at ICBA often say that our star shines brightest when we are in the midst of a challenge—just as community bankers do.