NewsWatch Today

ICBA recently expressed strong support for House and Senate legislation that would restore forgiveness for Economic Injury Disaster Loan Advance recipients who also have a Paycheck Protection Program loan.

The Small Business Administration said it has forgiven 367,321 Paycheck Protection Program loans worth $38.4 billion as of noon Sunday.

The Consumer Financial Protection Bureau released an update to its Filing Instructions Guide for HMDA data collected in 2021 and reported in 2022.

The OCC issued a final rule designed to update or eliminate outdated regulatory requirements.

Federal regulators announced ICBA-advocated relief from regulatory burdens caused by participating in federal coronavirus response programs.

ICBA is calling on community bankers to urge Congress to pass much-needed economic stimulus measures during the lame-duck session.

ICBA and other groups asked the OCC to extend the comment period on two national bank charter applications with Dec. 7 deadlines.

ICBA raised questions about an SBA "loan necessity" questionnaire for Paycheck Protection Program loans of $2 million or more that appears to go against the language of the CARES Act.

Judy Shelton's Federal Reserve Board nomination failed to advance in the Senate as supportive Republican Sens. Charles Grassley (Iowa) and Rick Scott (Fla.) quarantined due to COVID-19 exposure.

ICBA is reminding community bankers about the procedures for renewing or refinancing a line of credit for a borrower with an Economic Injury Disaster Loan.

The Federal Housing Finance Agency said the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each enterprise.

Registration is now open for ICBA ThinkTECH Accelerator 2021, ICBA's collaboration with The Venture Center to foster innovative products and services for community banks.