HUD: Fair Housing Investigation Launched into Minneapolis’ Race-Based Housing Plan
The Department of Housing and Urban Development’s (HUD) Office for Fair Housing and Equal Opportunity (FHEO) notified the City of Minneapolis that it has launched an investigation into the city’s comprehensive racialized housing plans, which HUD believes may violate the Fair Housing Act and Title VI of the Civil Rights Act of 1964. “Minnesota is…
HUD: FHA Facilitates Financing for New Hospital in Indian Land, SC
$251.2 million FHA-insured supplemental mortgage delivers capital for Medical University of South Carolina (MUSC) to offer new access to quality acute care hospital services for residents in Northern Lancaster County, SC. Today, the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) announced that it has recently closed a transaction to insure a…
ICBA: Community Banks, Credit Unions Urge Congress to Reject Durbin-Marshall Credit Card Mandates
The Independent Community Bankers of America (ICBA), America’s Credit Unions, and Defense Credit Union Council wrote to express strong opposition to Durbin-Marshall credit card mandates, warning the proposal would harm consumers, small businesses, and community financial institutions while delivering a windfall to the nation’s largest retailers. In the letter, the organizations cautioned that the bill…
CDFI Fund: 2026 CDFI Certification Monthly Webinar Schedule Announced
The Community Development Financial Institutions Fund’s (CDFI Fund’s) monthly Community Development Financial Institution (CDFI) Certification webinars are intended to serve as a forum for potential CDFI Certification Applicants, Certified CDFIs, and other CDFI Certification stakeholders to ask questions and discuss CDFI Certification and the CDFI Certification process. The webinars are open to the general public…
CFPB: FY 2024 Annual Performance Report Issued
This FY 2024 Performance Report is required under the Government Performance and Results Modernization Act of 2010 and represents the work of the prior leadership under former Director Chopra and President Biden. The FY 2024 Annual Performance Report summarizes the Consumer Financial Protection Bureau’s (CFPB’s) progress in implementing the strategies and achieving the goals and objectives developed…
SBA: SBIC Reforms Finalized to Fuel Private Investment in Critical Industries
Final Rule Removes Red Tape, Incentivizes Investment in American Industrial Dominance Today, the U.S. Small Business Administration (SBA) announced the publication of a final rule modernizing the Small Business Investment Company (SBIC) program to incentivize private capital investment in critical industries and reduce regulations to support the reindustrialization of America. The final rule will take effect February 2, 2026. “Confidence in…
ICBA: 2026-2027 Board Nominees Named to Advance Community Banking Priorities
The Independent Community Bankers of America (ICBA) today announced its 2026-27 board of directors nominees, whose perspective and guidance will chart the course for community banking in the new year. ICBA’s current board will vote on the nominations March 6-9 in San Diego, Calif., during ICBA LIVE 2026—the largest gathering of community banks in the…
SBA: Growth in Demand for Manufacturing Drives Record Surety Bond Guarantees in FY25
SBA Backs Historic $10.6 Billion in Contract Value Today, the U.S. Small Business Administration (SBA) announced that its Surety Bond Guarantee (SBG) Program delivered record results in fiscal year (FY) 2025 with $10.6 billion in guarantees, marking the strongest year in the program’s history. In FY25, the program supported more than 2,200 small businesses – especially those within the construction,…
FDIC: Travis Hill Sworn in as the 23rd Chairman of the FDIC
Travis Hill was sworn in as the 23rd Chairman of the Federal Deposit Insurance Corporation (FDIC). Chairman Hill has served as Acting Chairman of the FDIC Board since January 20, 2025, and previously as Vice Chairman since January 5, 2023. Chairman Hill was nominated by President Trump on September 30, 2025, for a term of five years…
ABA: Bank & Credit Union Trades Issue Joint Statement that Credit Card Mandate Would Harm Consumers and Small Businesses
The American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Community Development Bankers Association, Consumer Bankers Association, Defense Credit Union Council, Electronic Payments Coalition, Independent Community Bankers of America and National Bankers Association issued a joint statement after President Trump expressed support for the Durbin-Marshall credit card mandate: “One…