EDA: U.S. Department of Commerce Intends to Invest $10.9 Million in Disaster Supplemental Funding to Support the Maritime Industry in South Carolina
Today, the U.S. Department of Commerce announced that the Economic Development Administration (EDA) intends to award $10.9 million in Disaster Supplemental funding to the Trident Shipbuilding and High-Impact Industry Partnership for Skills (Trident SHIPS) coalition to support the maritime industry in South Carolina. This award will provide for roadway infrastructure improvements to support expansion of…
ICBA: ICBA Opposes OCC Approval of Ripple’s National Trust Bank Charter Application
The Independent Community Bankers of America (ICBA) today expressed opposition to the Office of the Comptroller of the Currency’s reported final approval of Ripple’s application for a national trust bank charter for its Ripple National Trust Bank subsidiary. “The OCC’s approval of Ripple’s trust charter application based on the agency’s flawed chartering rule for national trust…
CFPB: Semi-Annual Report to Congress Issued for the January to June 2026 Period
The Consumer Financial Protection Bureau is pleased to present our Semi-Annual Report to Congress for the period beginning January 1, 2026, and ending June 30, 2026, except where otherwise noted. Message from Acting Director Paoletta This Report covers the remaining six months of the Bureau’s work under the tenure of then-Acting Director R. Vought, who…
SBA: Agency Asks Public to Report Suspected Pandemic-Era Fraud Through DOJ Whistleblower Portal
Whistleblower Program Offers Incentives for Reporting PPP and COVID EIDL Fraud Following President Donald J. Trump’s announcement establishing the Fraud Whistleblower Incentive Program (WHIP), the U.S. Small Business Administration (SBA) today called on members of the public, federal employees, lenders, and small business owners to report suspected SBA loan and grant fraud through the new centralized federal portal at america.gov/fraud. …
FHFA: House Price Index Up 0.3 Percent in August 2026; Up 2.4 Percent from Last Year
U.S. house prices rose nationwide in August, 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 2.4 percent from August 2025 to August 2026. The previously reported 0.3 percent price increase in July was revised down to 0.2 percent. For the nine census…
OCC: Comptroller Gould Discusses Efforts to Support Community Banks
Comptroller of the Currency Jonathan V. Gould today discussed the Office of the Comptroller of the Currency’s (OCC) work to help community banks thrive and remain dynamic as the financial industry evolves in remarks before the Ohio Bankers League. Excerpts from Comptroller Gould’s remarks are below. His full remarks can be found here. Ohio Community Banks…
ABA: Officers and Board Elected for 2026-2027
Members attending the American Bankers Association’s annual convention in Salt Lake City have elected new ABA officers and directors to serve on ABA’s board for the 2026-2027 association year. The new officers are: CHAIR: Catherine Owen, executive chair, Eagle Bank & Trust Company, and chair and CEO, State Holding Company, Little Rock, Ark.; •CHAIR-ELECT: James C. Ryan…
ABA: New Survey Finds U.S. Consumers Are Wary of AI Agents Handling Their Money, Bank Account Information
As a growing number of companies offer artificial intelligence (AI) agents to carry out everyday tasks, a new national survey conducted by Morning Consult on behalf of the American Bankers Association finds that Americans are wary of using them to help manage their personal finances. Key takeaways from the survey, unveiled today at ABA’s 2026 Annual…
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 emergency response efforts in the areas affected by severe storms and flooding from Oct. 22, 2026, and continuing. The President’s action authorizes FEMA to coordinate all federal disaster relief efforts to alleviate the hardship and suffering caused by the…
EDA: U.S. Department of Commerce Intends to Invest $39.9 Million in Disaster Supplemental Funding to Support the Advanced Manufacturing Industry in Pennsylvania
Today, the U.S. Department of Commerce announced that the Economic Development Administration (EDA) intends to award $39.9 million in Disaster Supplemental funding to the DuBois Center for Innovation Regional Manufacturing Hub, to support the advanced manufacturing industry in Pennsylvania. This award will support the development of a technology maturation center for pressed materials innovation, and…