NewsWatch Today

The recent purchase of West End Bank by 3Rivers Federal Credit Union last month, is part of a disturbing trend of large, billion-dollar credit unions buying small community banks, writes Thomas Aiello of the National Taxpayers Union.

As negotiations over the next emergency stimulus package continue, ICBA is calling on community bankers to urge needed reforms.

ICBA announced the kickoff of its third ICBA ThinkTECH Accelerator program in partnership with The Venture Center.

Unless you have been living on a desert island for the past few years, you would be hard-pressed to miss the technological revolution that is sweeping our nation’s financial system and the larger global economy, ICBA’s Chris Cole and Charles Potts write in a new blog post.

Sen. John Kennedy (R-La.) wrote to FDIC Chairman Jelena McWilliams urging her not to allow industrial loan companies to exploit a loophole in the Bank Holding Company Act during the coronavirus pandemic.

The Cybersecurity and Infrastructure Security Agency issued an alert concerning an unknown malicious cyber actor spoofing the Small Business Administration's COVID-19 relief webpage via phishing emails.

The SBA released an interim final rule on appeals of SBA loan review decisions under the Paycheck Protection Program that outlines the process for borrowers to appeal adverse SBA decisions.

ICBA joined other groups urging the Consumer Financial Protection Bureau not to rush potential changes to the Equal Credit Opportunity Act.

The Department of Housing and Urban Development announced $472 million in CARES Act funding to help low-income families during the coronavirus pandemic.

Lenders under $10 billion in assets have made some 2.74 million Paycheck Protection Program loans worth more than $233 billion through both rounds of funding, the SBA reported.

Policymakers need to simplify the onerous forgiveness process for small businesses to ensure the Paycheck Protection Program fulfills its purpose to support the nation’s top job creators, ICBA President and CEO Rebeca Romero Rainey writes in a new op-ed in The Hill.

ICBA filed a comment letter urging the Consumer Financial Protection Bureau to extend its policy exempting Fannie Mae and Freddie Mac mortgage loans from the bureau’s Qualified Mortgage rule to January 2022 or one year from the finalization of any proposed rule.