NewsWatch Today

The Independent Community Bankers of America today announced an additional three-year commitment to its ICBA ThinkTECH Accelerator program as part of a comprehensive mission-driven innovation strategy.

On June 5, President Donald Trump signed legislation to address restrictions on the Small Business Administration’s (SBA) Paycheck Protection Program. While further guidance and clarification is likely, here is a summary of the provisions that appear in the Paycheck Protection Program Flexibility Act.

ICBA testified before Congress on promoting inclusive lending during the coronavirus pandemic by community development financial institutions, minority depository institutions, and other community banks.

The attacks on community banks and their customers continue to rise, reinforcing the need to refocus on cybersecurity while adjusting to the “new normal,” ICBA Director of Operational Risk Steven Estep wrote in Main Street Matters.

With the Senate considering Paycheck Protection Program reforms after the House passed its reform bill last week, community banks should urge lawmakers to enact recommended changes, ICBA President and CEO Rebeca Romero Rainey wrote.

ICBA Minority Bank Advisory Council member George Andrews and others at Unity National Bank in Atlanta last week hosted top administration officials for a roundtable discussion on U.S. small businesses.

ICBA is scheduled to testify tomorrow before Congress on community development financial institutions and minority depository institutions.

The OCC finalized its rule clarifying that when banks sell or assign a loan, interest permissible prior to the transfer continues to be permissible afterward.

The FDIC issued the lists of institutions scheduled for Community Reinvestment Act examinations during the third and fourth quarter of 2020, as required by law.

ICBA is calling on community bankers to provide Congress with policy recommendations to make the Paycheck Protection Program more workable for lenders and borrowers.

The House voted 417-1 to pass legislation to ease restrictions on the Small Business Administration’s Paycheck Protection Program, as advocated for by ICBA.