HUD: Red Tape Slashed to Cut Homeownership Financing Costs
FHA eliminates 12 costly and burdensome policies in sweeping rollback U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is rescinding more than 12 sub-regulatory policies under its Single Family mortgage insurance program. These sweeping changes cut red tape, help reduce the cost of homeownership, and eliminate…
FDIC: Coleman County State Bank (Coleman, TX) Acquires Insured Deposits of The Santa Anna National Bank (Santa Anna, TX)
The Santa Anna National Bank of Santa Anna, Texas, was closed today by the Office of the Comptroller of the Currency (OCC), which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with Coleman County State Bank of Coleman, Texas, to assume the insured deposits and some…
OCC: FDIC Appointed as Receiver for The Santa Anna National Bank of Santa Anna, Texas
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The Santa Anna National Bank, Santa Anna, Texas. As of March 31, 2025, the bank reported approximately $77 million in total assets. The OCC acted after finding the bank had experienced substantial dissipation of assets…
CDFI Fund: CDFI Certification Reapplication Window 2 Opening on July 7th through September 30th
Window 2, the second Application submission period and part of the Community Development Financial Institutions Fund’s (CDFI Fund) established General Reapplication Submission Deadlines, will be open from July 7, 2025, through September 30, 2025, at 11:59 p.m. ET. Beginning July 7th, organizations with fiscal years that end on December 31, 2024; February 28, 2025; or March 31, 2025, will have…
Census Bureau: Older Adults Outnumber Children in 11 States and Nearly Half of Counties
The U.S. population age 65 and older rose by 3.1% (to 61.2 million) while the population under age 18 decreased by 0.2% (to 73.1 million) from 2023 to 2024, according to the Vintage 2024 Population Estimates released today by the U.S. Census Bureau. The data show the population continued to age, with the share of the population…
Census Bureau: 2023 County Business Patterns Data Now Available
The U.S. Census Bureau today released the 2023 County Business Patterns (CBP). CBP provides annual subnational economic data for businesses with paid employees. The number of establishments, employment during the week of March 12, first quarter payroll, and annual payroll are provided for nearly 1,000 industries, as defined by the 2017 North American Industry Classification System…
Federal Reserve: Governor Barr Delivers Speech on Community Development at the Federal Reserve
Following is the text of Governor Barr’s speech: Community Development at the Federal Reserve Governor Michael S. Barr At the Policy Summit 2025: Building Strong and Sustainable Communities, hosted by the Federal Reserve Bank of Cleveland, Cleveland, Ohio Thank you, Eric, thank you to the conference organizers for asking me to speak today, and thank…
HUD: New Headquarters Announced in Alexandria, Virginia
Relocation from Failing Federal Facility Marks New Era Defined by Promotion of Excellence, Prioritization of Health and Safety, and Efficient Use of Taxpayer Dollars U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the relocation of HUD headquarters from the Robert C. Weaver Federal Building to 2415 Eisenhower Avenue in Alexandria, Virginia….
Agencies Release 2025 List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…
ABA: New Treasury Check Verification Tool Launches to Help Banking Industry Fight Fraud
New free online platform allows member banks to more easily verify payee information for government checks using the Treasury Department’s Treasury Check Verification System As a part of the American Bankers Association’s ongoing commitment to support banks of all sizes and their customers in the fight against fraud, ABA today launched a new online platform…