Agencies Announce Withdrawal of Principles for Cimate-Related Financial Risk Management
The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ existing safety and soundness standards require all supervised institutions to have effective risk management commensurate with their size,…
FHFA: US Federal Housing Requests Input on New Strategic Plan
Consistent with its statutory requirements and President Trump’s executive orders, U.S. Federal Housing is asking the public for feedback on its proposed Strategic Plan for FY 2026–2030. The new Plan proposes three strategic goals for the Agency: Input on the Plan is due by November 5, 2025, and should be submitted via the U.S. Federal…
SBA: Disaster Relief Deadlines Extended for Los Angeles Wildfire Survivors
The U.S. Small Business Administration (SBA) announced today that it has extended the disbursement period for Los Angeles County wildfire survivors with approved SBA disaster loans. This action provides a full twelve months for homeowners and business owners to draw down their approved SBA loan funds, including Home and Business Physical Disaster Loans. The extension was approved due…
ABA: Foundation Announces 2025 Community Commitment Award Winners
The American Bankers Association Foundation today announced the recipients of its 2025 ABA Foundation Community Commitment Awards. The prestigious annual awards recognize banks for extraordinary service to their local communities in seven specific categories ranging from affordable housing to serving military families. The winners will be recognized at ABA’s Annual Convention in Charlotte, N.C. on Oct. 21. The…
ABA: Foundation Honors Montana Banker Jennell Huff with George Bailey Distinguished Service Award
he American Bankers Association Foundation today announced that Jennell Huff, CRA/community outreach coordinator at Bank of the Rockies in Clyde Park, Montana has been awarded the 2025 George Bailey Distinguished Service Award. This national award recognizes a non-CEO bank employee who demonstrates outstanding service to their community. Huff will be honored at ABA’s Annual Convention in Charlotte,…
ABA: Next Generation of Bank Leaders Recognized with 2025 Emerging Leader Awards
The American Bankers Association today announced the 2025 recipients of its annual ABA Emerging Leader Awards, which recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. “This year’s ABA Emerging Leaders are driven professionals whose innovation and strong leadership…
ICBA: ICBA Urges Policymakers to Continue to Support Local Communities Served by Community Development Financial Institutions
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on actions to dismantle the Community Development Financial Institution Fund. “ICBA is concerned about the economic impact eliminating the CDFI Fund would have on the local communities that CDFIs serve. Hampering the work of CDFIs would threaten the financial…
ICBA: ICBA Supports Bill to Strengthen Deposit Insurance While Minimizing Costs to Community Banks
The Independent Community Bankers of America (ICBA) expressed support for legislation to strengthen the nation’s deposit insurance system while minimizing additional costs for community banks. Introduced by Sens. Bill Hagerty (R-Tenn.) and Angela Alsobrooks (D-Md.), the Main Street Depositor Protection Act would provide expanded deposit insurance coverage of up to $10 million per depositor for noninterest-bearing transaction…
ABA: ABA Foundation and FICO Announce New Partnership Ahead of 2025 Get Smart About Credit Day
The American Bankers Association Foundation, in partnership with analytics software leader FICO and bankers across the country, will celebrate the 2025 Get Smart About Credit Day next week on Thursday, Oct. 16. Get Smart About Credit, now in its 23rd year, is a year-round campaign that kicks off annually on the third Thursday of October….
Agencies Issue Proposal to Focus Supervision on Material Financial Risks
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today issued a joint notice of proposed rulemaking that would continue their effort to focus supervision on material financial risks. Among other things, the proposal would define the term “unsafe or unsound practice” for purposes of section 8 of the…