Treasury: Readout Provided for Treasury Roundtable on Opportunities to Lower Costs and Maintain Availability of Homeowners Insurance
Today, the Federal Insurance Office (FIO) at the U.S. Department of the Treasury hosted a roundtable discussion with representatives from the insurance sector, including insurers, reinsurers, brokers, state regulators, resilience and consumer groups, and academics to discuss ways to lower costs and maintain availability of homeowners insurance as part of the Trump Administration’s efforts to…
ICBA: Following Latest Credit Union Acquisition of a Community Bank, ICBA Continues Call for Taxing Largest Credit Unions
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying community bank by a tax-exempt credit union. “With the latest interstate acquisition of a tax-paying community bank by tax-exempt credit unions extending into Montana for the first time, it is time for the increasing…
ICBA: ICBA Honors Community Banks’ Role in Powering Small Business Success During Small Business Month
In recognition of National Small Business Month this May, the Independent Community Bankers of America® (ICBA) is celebrating the critical role community banks play in supporting the nation’s small businesses—the backbone of the American economy. Community banks fund more than 60% of small business loans, helping entrepreneurs launch, grow, and sustain their businesses. Their relationship-based…
SBA: New Legislation Will Double SBA Loan Limits and Supercharge Return of Made in America
Administrator Loeffler Applauds Congressional Proposal to Increase Capital for Small Manufacturers Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA) applauded Senator Joni Ernst (R-IA) and Congressman Roger Williams (R-TX) for introducing new legislation(Link is external) that will double the individual loan limit for 7(a) and 504 small business manufacturing loans from $5 million to $10 million….
OCC: Acting Comptroller of the Currency Discusses Financial Literacy
Acting Comptroller of the Currency Rodney E. Hood discussed the importance of financial literacy at the U.S. Department of Treasury Financial Literacy Roundtable on April 30. The roundtable discussion, Empowering Americans in Underserved Communities through Financial Literacy, focused on ways to empower Americans in underserved rural and Native communities through financial literacy and education. In his…
ABA: Submissions Open for 13th Annual Community Commitment Awards
The American Bankers Association Foundation is now accepting submissions for its 13th annual Community Commitment Awards, ABA’s highest honors for extraordinary community engagement. Banks of all sizes are encouraged to enter their most successful community initiatives for the awards, which recognize innovative, high-impact bank programs that improve the quality of life for the communities they serve….
SBA: New Grant Funding to Support Made in America Manufacturing Announced
Grant opportunity will award up to $1.1 million in funding to three eligible applicants Today, the U.S. Small Business Administration (SBA) announced a new funding opportunity as part of its Made in America Manufacturing Initiative, the agency’s targeted effort to restore the U.S industrial base, bring back American jobs, and promote our nation’s economic dominance and…
CFPB: Agency Will Not Prioritize Enforcement or Supervisory Actions of Section 1071 Small Business Lending Requirements
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Small Business Lending Under the Equal Credit Opportunity Act (Regulation B), implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 88 Fed. Reg….
CDFI Fund: Upcoming CDFI Certification Deadline and Service Request Cutoff Date Announced
Last June, the Community Development Financial Institutions Fund (CDFI Fund) released the General Reapplication Submission Deadlines for the CDFI Certification Application for all Certified CDFIs. The first reapplication submission window, Window 1, closes on May 31, 2025. To avoid delays or loss of Certification, organizations must act now to prepare their submissions and resolve outstanding issues. Cut-off for…