ICBA: Statement Issued on Proposal to Amend Community Reinvestment Act Rules
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) proposed rule opens in a new tabto amend Community Reinvestment Act regulations. “While ICBA looks forward to closely reviewing today’s proposed rule, we are strongly…
FDIC: Board Approves Proposal to Amend Regulations Regarding Lending Limits for Bank Insiders
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would raise and index thresholds for certain lending limits for executive officers and other insiders of FDIC-supervised institutions. The proposed rule seeks to ensure that the FDIC’s lending thresholds to insiders align with those proposed by the Board of…
FDIC & OCC Issue Joint Proposal Amending the Community Reinvestment Act Rules
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today proposed targeted changes to their current rules implementing the Community Reinvestment Act (CRA) to better align with the statutory mandate; better ensure that community development grants reach the communities they are intended to benefit; reduce burden for banks,…
ABA: Statement Issued on Joint OCC/FDIC Community Reinvestment Act Rule Proposal
“Today’s joint proposal from the FDIC and OCC marks progress toward a Community Reinvestment Act framework that provides banks with greater clarity to plan and deliver loans and investments that reflect local needs, bank business strategies and today’s banking landscape. While we are continuing to review it closely, we are pleased that the proposal would…
SBA: Agency Celebrates 73rd Anniversary with New SBA.gov; Streamlines Capital and Resources for Small Businesses and Manufacturers
New website realigns agency with its founding mission to power U.S. innovation, production, and Main Street job creators Today, on the 73rd anniversary of the Small Business Act of 1953, the U.S. Small Business Administration (SBA) announced the official launch of its modernized website, SBA.gov, designed to streamline access to capital, counseling, and contracting. The transformation marks a…
SBA: Top Five Finalists in Freedom 250 Patriot Pitch Competition Announced
Finalists will compete in Washington, D.C. to win $1 million in total prize funding provided by Clover Today, the U.S. Small Business Administration (SBA) announced the five finalists advancing to the grand finale of the SBA Freedom 250 Patriot Pitch Competition. As part of the nation’s Freedom 250 celebrations, the competition spotlights the small businesses who leveraged…
ABA: ABA Testifies Before Senate Aging Committee on Protecting Seniors from AI-Generated Fraud
Association calls for coordinated action to combat growing threat of AI-enabled scams American Bankers Association Executive Vice President for Risk, Fraud and Cybersecurity Paul Benda will testify before the Senate Special Committee on Aging today on the growing threat of artificial intelligence-enabled scams and the need for a coordinated response to better protect older Americans…
FHFA: House Price Index Up 0.3 Percent in May 2026; Up 2.2 Percent from Last Year
U.S. house prices rose nationwide in May, up 0.3 percent from the previous month, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.2 percent from May 2025 to May 2026. The previously reported 0.1 percent price decline in April remained unchanged. For the nine census…
Treasury: Secretary of the Treasury Scott Bessent Remarks Before the Financial Literacy and Education Commission Shared
As prepared for delivery “Good afternoon. Thank you for joining us here in the historic Cash Room. And thank you for your ongoing commitment to the work of this Commission as we meet to discuss digital financial literacy following the historic launch of Trump Accounts. I have long believed that the strength of a nation…