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Community banks again outperform industry: FDIC

Feb 24, 2021 | NewsWatch Today
Community banks reported net income growth of 21.2 percent in the fourth quarter from a year ago and a 3.6 percent increase in 2020 from the year before, according to the FDIC's Quarterly Banking Profile.

CFPB announces plans to rethink QM rules

Feb 24, 2021 | NewsWatch Today
​The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance date.

ICBA urges garnishment exemption for EIPs

Feb 24, 2021 | NewsWatch Today
ICBA and other groups urged Congress to include language in the next stimulus package exempting the third round of Economic Impact Payments from garnishment.

PPP reforms target smallest businesses

Feb 23, 2021 | NewsWatch Today
The Biden administration announced several Paycheck Protection Program reforms to target the program to the smallest businesses.

ICBA urges funding for rural development programs

Feb 23, 2021 | NewsWatch Today
ICBA and other groups called on House appropriators to ensure adequate funding for key USDA rural development programs in the next COVID bill.

Agencies announce relief for Texas winter storms

Feb 23, 2021 | NewsWatch Today
Federal and state agencies announced relief to institutions and taxpayers affected by this month's winter storms in Texas and other states.

Agencies finalize call report threshold relief

Feb 22, 2021 | NewsWatch Today
Federal regulators issued final call report changes related to asset threshold relief given the impact of Paycheck Protection Program lending on bank balance sheets.

Fed's Powell testifying this week

Feb 22, 2021 | NewsWatch Today
Federal Reserve Chairman Jerome Powell is slated to testify this week before the Senate Banking Committee and House Financial Services Committee on the agency's Semiannual Monetary Policy Report.

Minority bank webinar on evaluating capital opportunities

Feb 22, 2021 | NewsWatch Today
ICBA, ICBA Securities, and Vining Sparks are hosting a complimentary webinar for FDIC-designated Minority Depository Institutions on evaluating unsolicited interest from investors to provide capital and funding.

Community banks lead 2021 PPP lending

Feb 19, 2021 | NewsWatch Today
Insured depository institutions under $10 billion in assets in 2021 have approved more than 740,000 Paycheck Protection Program loans worth $60.7 billion, according to the latest SBA data issued this week.

Climate change poses risks to FIs: Fed's Brainard

Feb 19, 2021 | NewsWatch Today
Federal Reserve Governor Lael Brainard said climate change is already imposing substantial economic costs while presenting risks and opportunities to financial institutions.

USDA announces dealer trust for livestock sellers

Feb 19, 2021 | NewsWatch Today
The USDA Agricultural Marketing Service announced a new Dealer Statutory Trust for livestock sellers, in accordance with the year-end appropriations law.