NewsWatch Today

ICBA is now calling on community bankers to enlist small-business customers in urging Congress to immediately pass legislation to simplify Paycheck Protection Program forgiveness.

Community banks were essential to the success of the Paycheck Protection Program by serving the smallest businesses outside the focus of larger banks, Federal Reserve Governor Michelle "Miki" Bowman said.

The Senate passed a short-term spending package that includes a one-year extension of the National Flood Insurance Program.

ICBA President and CEO Rebeca Romero Rainey is scheduled to join top regulators at 3 p.m. (Eastern time) today for a virtual roundtable discussion on homeownership.

The competitive landscape of the banking industry has changed substantially since the Bank Merger Competitive Review Guidelines were adopted in 1995. ICBA strongly believes it is appropriate to update the approach to reviewing bank mergers.

Community banks welcome technological innovation, but we must also recognize that technological change underscores the importance of a robust legal framework to ensure consumer protection as well as the safety and soundness of our institutions.

With the regulatory agencies committing to tougher and more inclusive BSA/AML exams, Community Banker University is hosting an upcoming BSA/AML Institute.

Politico reported on the frustrations of community banks and other lenders with the Paycheck Protection Program's loan-forgiveness process.

ICBA filed a comment letter opposing the SEC's proposal to raise the threshold over which institutional investment managers are required to file quarterly Form 13F reports.

While Congress continues to work on another stimulus package, the House Financial Services Committee has a virtual hearing this week on fintech payments.

The Financial Stability Oversight Council largely endorsed the Federal Housing Finance Agency's proposal to raise capital requirements on Fannie Mae and Freddie Mac.

ICBA urged Congress to immediately pass stand-alone legislation to simplify Paycheck Protection Program loan forgiveness to preserve the success of the program.