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FDIC working on PPP asset-threshold impact: McWilliams

Sep 21, 2020 | NewsWatch Today
The FDIC is exploring options to address the impact of Paycheck Protection Program loans on regulatory asset thresholds, FDIC Chairman Jelena McWilliams told ICBA.

Fed updates FAQs on Main Street Lending Program

Sep 21, 2020 | NewsWatch Today
The Federal Reserve Board updated its frequently asked questions on the Main Street Lending Program to clarify expectations regarding lender underwriting.

ICBA seeks PPP accounting simplification

Sep 21, 2020 | NewsWatch Today
ICBA asked the federal banking regulators to allow community banks to recognize Paycheck Protection Program fees as income in their call reports.

New FDIC academic challenge focuses on community banks

Sep 21, 2020 | NewsWatch Today
The FDIC launched the agency’s first-ever Academic Challenge, which will be focused on the effects of community banks on local economic development.

Fed vote today on CRA reform notice

Sep 21, 2020 | NewsWatch Today
The Federal Reserve Board is scheduled to vote today on an advance notice of proposed rulemaking on Community Reinvestment Act regulation.

ICBA raises questions ahead of credit union advocacy event

Sep 15, 2020 | NewsWatch Today
ICBA continues urging Congress to "Wake Up" this week as credit union advocates meet with lawmakers during the National Association of Federally-Insured Credit Unions' Virtual Congressional Caucus.

Push continues on next stimulus package

Sep 15, 2020 | NewsWatch Today
ICBA is calling on community bankers to urge lawmakers to include common-sense policies benefiting local communities in the next economic stimulus package.

FinCEN issues AML standards for unregulated entities

Sep 15, 2020 | NewsWatch Today
The Financial Crimes Enforcement Network issued a Bank Secrecy Act final rule that requires minimum anti-money-laundering standards for banks without a federal functional regulator.

HUD finalizes ICBA-backed 'disparate impact' rule

Sep 15, 2020 | NewsWatch Today
The Department of Housing and Urban Development recently finalized an ICBA-supported rule to amend its interpretation of the Fair Housing Act’s "disparate impact" standard.

NCUA needs expanded third-party oversight: IG report

Sep 9, 2020 | NewsWatch Today
The National Credit Union Administration needs authority over credit union service organizations and vendors to identify and reduce risks they pose to credit unions, the agency's inspector general said.

State assistance program requires separate accounts

Sep 9, 2020 | NewsWatch Today
The new Lost Wage Assistance program that state unemployment agencies are administering requires states to use separate bank accounts from what they use for unemployment insurance and Pandemic Unemployment Assistance benefits.

ICBA offers alternative to redefining QM

Sep 9, 2020 | NewsWatch Today
ICBA expressed concerns with the Consumer Financial Protection Bureau's proposal to change its Qualified Mortgage definition to a price-based approach.