FDIC: Board of Directors Approves Proposed Rule on State Bank Parity
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would amend the agency’s regulations to promote parity between state banks and national banks. Under the proposed rule, when host state laws do not apply to a national bank, those laws would similarly not apply to an out-of-state…
CDFI Fund: CY 2026 Round of New Markets Tax Credit Program Opens
$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2026 round of the New Markets Tax Credit Program (NMTC Program). Pursuant to the One Big Beautiful Bill Act of 2025 (Pub. L. 119-21), the…
Census Bureau: 2025 Income, Poverty and Health Insurance Coverage in the United States Data Released
The U.S. Census Bureau today announced that real median household income was $87,460 in 2025, the highest on record dating back to 1967. The official poverty rate fell 0.5 percentage points to 10.2% in 2025. The following 2025 findings were not statistically different from 2024: the Supplemental Poverty Measure (SPM) rate in 2025 was 13.1%…
SBA: Agency to Showcase American Entrepreneurship with Small Business Expo and Million Dollar Pitch Competition
Dean Cain to host alongside judges Nicki Minaj, Grant Cardone and Joe Gebbia; competition to become primetime special premiering in October The U.S. Small Business Administration will bring together entrepreneurs, business leaders and some of the biggest names in business and entertainment on Friday, September 18, 2026, in Washington, D.C., for a Small Business Expo and…
CDFI Fund: U.S. Department of the Treasury Announces FY 2025 and FY 2026 Awards for Multiple CDFI Fund Programs
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced awards for the FY 2025 Community Development Financial Institutions (CDFI) and Native American CDFI Assistance (NACA) Programs, and the FY 2026 Bank Enterprise Award (BEA) and Small Dollar Loan (SDL) Programs. The awards announced today will collectively support the increase of…
ABA: Foundation Encourages America’s Banks to Host “Lights, Camera, Save!” Teen Video Contest
Teens compete for prizes worth up to $10,000 in national competition sponsored by Visa The American Bankers Association Foundation is urging banks across the country to participate in its upcoming 16th annual Lights, Camera, Save! video competition, which runs from Oct. 1 through Dec. 1. Lights, Camera, Save! is a national contest that encourages teens ages 13-18 to…
EDA: U.S. Department of Commerce Invests $23 Million to Support Economic Development Projects in Ten States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $23 million in awards for projects in ten states. The awards were provided through EDA’s FY 2025 Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The EDA awards…
EDA: U.S. Department of Commerce Invests $44 Million in Disaster Supplemental Funding to Support Economic Development Projects in Five States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $44 million in Disaster Supplemental funding awards to five states that were impacted by storms and natural disasters in 2023 and 2024. The EDA awards announced today are: “The Economic Development Administration provides communities with the resources they need to rebuild their economies following…
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships. The proposed guidance reflects the agencies’ supervisory experience and lessons learned from examining…
SBA: Guidance Issued to Prioritize Defense-Critical Firms as New 8(a) Program Rules Take Effect
Agency Advances the Smaller War Plants Commission’s effort to prioritize domestic production capacity and military readiness Today, the U.S. Small Business Administration (SBA) announced new guidance relating to recent reforms of the 8(a) Business Development Program for individually-owned firms. In support of President Donald J. Trump’s agenda to expand the Arsenal of Freedom here at home, and…