Advocacy News

IBA E-News 10-30-20 FEDERAL GOVERNMENT RELATIONS Action Alert: Take Action on EIDL-PPP Conflict While Paycheck Protection Program lending has been the cornerstone of the U.S. economic recovery, many lenders and borrowers are bumping into an unexpected hindrance – the treatment of federal Economic Injury Disaster Loan advances. To address this growing conflict between EIDL advances and the PPP, we are urging bankers to use the IBA VoterVoice system to contact members of Congress. More than 1 million PPP borrowers are coming to the realization that the EIDL advances originated by the Small Business...
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IBA E-News 10-23-20 FEDERAL GOVERNMENT RELATIONS Temporary Relief From Part 363 Audit/Reporting Requirements The Federal Deposit Insurance Corp. on Tuesday issued an interim final rule (IFR) providing temporary relief from certain Part 363 audit and reporting requirements for banks that have experienced growth due to their participation in the Paycheck Protection Program and other pandemic-related government programs. The FDIC’s IFR would allow IDIs that have experienced growth to determine whether they are subject to the requirements of Part 363 of the FDIC’s regulations for fiscal years ending in 2021...
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IBA E-News 10-16-20 STATE GOVERNMENT RELATIONS IBA Op-Ed Touts Bank Community Service On Monday, The Journal Gazette in Fort Wayne published an op-ed, “Communities bank on more than financial influx,” authored by IBA President and CEO Amber Van Til. The op-ed was in response to an opinion piece bylined by the Indiana Credit Union League, which in turn was a response to an article submitted by the National Taxpayers Union. Van Til’s op-ed approaches the issue of credit union acquisition of banks from the perspective of community service. Additionally, in September an opinion piece written by IBA Chairman...
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IBA E-News 10-9-20 STATE GOVERNMENT RELATIONS Indiana Bankers Quoted in National Publication IBA Chairman Lucas White and Indiana banker Kurt Rosenberger were quoted in a BankingDive.com article published on Tuesday. The article, “Acquisition under the radar: Credit unions resume community bank deals,” examines the growing trend of credit union acquisition of banks, which has been occurring in Indiana more than anywhere else in the nation. “The fact that they don't pay taxes makes it virtually impossible for us to compete,” says White, regarding high bids from credit unions. Rosenberger comments on...
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