FHFA: Federal Housing Administration Joins Fannie and Freddie in Implementing VantageScore 4.0 and FICO 10T Credit Scores
Homebuying Advances into New Era of Credit Score Competition Today the U.S. government is ushering in a new era of competition in our nation’s mortgage market. In a joint announcement, HUD Secretary Scott Turner and FHFA Director William J. Pulte announced that the Federal Housing Administration and Fannie Mae and Freddie Mac are implementing their first…
SBA: National Small Business Week 2026 Cosponsors Announced
America’s SBDC to Co-Host NSBW Two-Day Virtual Summit Today, the U.S. Small Business Administration announced its full list of cosponsors for National Small Business Week 2026, which will take place from May 3-9. America’s Small Business Development Center (ASBDC) will cohost this year’sVirtual Summit, a free two-day online event that will take place May 5-6, featuring educational workshops presented by cosponsors, access…
ABA: ABA Offers Congressional Testimony on Credit Reporting and Access to Credit
The Fair Credit Reporting Act (FCRA) is a critical consumer protection law that supports responsible lending, and policymakers should avoid changes that could restrict credit availability by reducing data accuracy or adding complexity, the American Bankers Association testified before the House Financial Services Subcommittee on Financial Institutions today. Veneshia Ferdinand, assistant vice president and director…
ABA: Foundation Testifies on Protecting Older Americans from Financial Exploitation
The American Bankers Association Foundation today testified before the Senate Special Committee on Aging, for its hearing, “Empowering Seniors Through Financial Literacy: Tools to Protect Savings, Prevent Fraud, and Promote Independence.” The Foundation outlined the critical role banks play in protecting older Americans from fraud and financial exploitation while calling for strengthened national coordination, expanded financial literacy…
ICBA: ICBA to Congress: Ensure Digital Assets Legislation Bars Interest on Payment Stablecoins to Avoid Harming Local Economies
As Congress looks to advance digital asset market structure legislation, the Independent Community Bankers of America (ICBA) today is calling on lawmakers to ensure the measure addresses concerns with the harmful impact on local economies of allowing crypto exchanges and other intermediaries to pay interest or yield on payment stablecoins. A recent Council of Economic…
ICBA: ICBA and State Groups Urge FDIC to Reconsider Edward Jones Industrial Loan Company Approval
The Independent Community Bankers of America (ICBA) and 38 state banking associations urged the Federal Deposit Insurance Corporation to reconsider its decision to approve Edward Jones’s deposit insurance application to form a Utah-chartered industrial loan company. In a letter to the FDIC opens, ICBA and the state banking groups cited Edward Jones’s extensive network of more than…
SBA: Dates Announced for National Small Business Week 2026 Virtual Summit
Free online summit May 5-6 offers educational workshops, networking, and information on federal resources Today, the U.S. Small Business Administration and America’s Small Business Development Center (SBDC) announced the dates for the National Small Business Week 2026 Virtual Summit. The free online summit, cosponsored by America’s SBDC, will take place on May 5 and 6 from 11 a.m. to 6 p.m….
ABA: Foundation Offers Comments to Treasury on Updating National Financial Literacy Strategy
In a new comment letter submitted today to the U.S. Treasury, the ABA Foundation offered its perspective on updating the U.S. National Strategy for Financial Literacy. The letter underscores the critical role banks play in advancing financial capability nationwide and offers recommendations to strengthen public private collaboration, modernize financial education and better protect consumers from fraud and…
OCC: Deputy Comptrollers for Chartering, Organization and Structure Announced
The Office of the Comptroller of the Currency (OCC) today announced the promotions of Jason Almonte and Sebastian Astrada to Deputy Comptrollers for Chartering, Organization & Structure (CO&S). In their new roles, Mr. Almonte and Mr. Astrada will set policies and provide executive direction on federal bank applications, chartering, and corporate activities, policies, processes, and…
Treasury: Treasury Recognizes National Financial Literacy Month
Secretary Bessent: “Financial Literacy Unlocks Opportunity for Every American” Today, the U.S. Department of the Treasury recognizes the start of National Financial Literacy Month, reaffirming its commitment to advancing financial literacy and education across America. Throughout April, Treasury, in coordination with federal agencies represented on the Financial Literacy and Education Commission (FLEC), will announce and…