FEMA: Five New Texas Counties Eligible for FEMA Disaster Assistance Related to July 2025 Disaster Declaration
Homeowners and renters in Burnet, San Saba, Tom Green, Travis and Williamson counties are now eligible for FEMA disaster assistance after the severe storms, straight-line winds and flooding that began July 2. FEMA and the State of Texas may be able to help with serious disaster-related needs, displacement, temporary lodging, basic home repair costs and personal property…
FDIC: Supervisory Relief Granted to Help Financial Institutions and Facilities Recover in Areas of Texas Affected by Severe Storms, Straight-Line Winds and Flooding
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by severe storms, straight-line winds, and flooding. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced…
OCC: Acting Comptroller Rodney Hood Congratulates Jonathan Gould on Senate Confirmation as Comptroller of the Currency
Acting Comptroller of the Currency Rodney E. Hood today issued the following statement following the confirmation of Jonathan Gould by the U.S. Senate to become the Comptroller of the Currency. I extend my sincere congratulations to Jonathan Gould, who will soon become the 32nd Comptroller of the Currency. Mr. Gould will be the first confirmed Comptroller…
ICBA: ICBA Urges OCC to Consider Key Principles for Digital Asset National Bank Charter Applications
In light of an increase in charter applications from nonbank digital asset firms, the Independent Community Bankers of America (ICBA) today urged the Office of the Comptroller of the Currency to keep in mind several key principles when considering such applications. In a letter to the OCC, ICBA noted that applications from nonbank digital asset-related entities…
FEMA: President Trump Approves Emergency Declaration for New Mexico
FEMA announced that federal disaster assistance is available to the state of New Mexico to supplement response efforts due to emergency conditions resulting from severe storms, flooding and landslides beginning on June 23, 2025, and continuing. The President’s action authorizes FEMA to coordinate all federal disaster relief efforts to alleviate the hardship and suffering caused…
HUD: “Express Lane” Launced to Expedite Financing for Residential Care Facilities
FHA cuts processing times from five months to two weeks for eligible low-risk transactions U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the launch of a new “Express Lane” to expedite Federal Housing Administration (FHA) insured refinancing applications under the FHA Section 232/223(f) Mortgage Insurance for Residential Care Facilities program. This…
HUD: Home Appraisal Process Streamlined Through Termination of PAVE Task Force Policies
Termination of DEI PAVE task force policies will improve efficiency, reduce regulatory burden, and expand access to homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and Acting Administrator of the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) Jeffrey Clark announced the termination of…
ABA: ABA Donates $10,000 to Flood Relief Efforts in Texas, Urges Bankers to Contribute
In the aftermath of the recent catastrophic flooding in Central Texas, the American Bankers Association will donate $10,000 to Texas Bankers Foundation, the charitable arm of the Texas Bankers Association, to assist with immediate disaster response and recovery. The Texas Bankers Foundation has established a page for online donations to provide immediate financial assistance for…
FEMA: FEMA, SBA and the State of Texas to Open Disaster Recovery Center in Kerrville, Texas
In coordination with the Texas Division of Emergency Management (TDEM), FEMA and U.S. Small Business Administration (SBA) staff will open a Disaster Recovery Center (DRC) tomorrow, July 10 to offer face-to-face help to survivors affected by the severe storms, straight-line winds and flooding that began July 2. Homeowners, renters and eligible non-residents in Kerr County may receive…
OCC: National Banks and Federal Savings Associations in Texas Affected by Flooding Allowed to Close
The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas of Texas affected by flooding. In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions…