HUD: Agency Appeals Judicial Decision to Shift Homelessness Paradigm
Rejects Subsidized Drug Use, Half-Million Dollar Salaries, and Lifelong Handouts The Department of Justice (DOJ) on behalf of the Department of Housing and Urban Development (HUD) is appealing the Federal District Court of Rhode Island’s preliminary injunction. The injunction denies HUD the ability to award homelessness grants under its policies that protect homeless individuals from…
ICBA: 2026-27 Executive Committee Announced, West Virginia Banker Elected Chairman
The Independent Community Bankers of America (ICBA) today announced the election of its 2026-27 executive committee during the 2026 ICBA LIVE national convention in San Diego. Alice P. Frazier, president and CEO of Potomac Bank in Charles Town, W. Va., was elected ICBA chairman and will serve as chairman of the ICBA Executive Committee and…
SBA: Agency Bans Foreign Nationals from Accessing SBA-Backed Loans
Agency reserves federally guaranteed lending for American citizens Today, in the effort to prioritize American job creators, the U.S. Small Business Administration (SBA) issued a new policy notice to ban foreign nationals and non-citizens from accessing SBA-guaranteed small business loans. The latest notice, which applies to the agency’s Surety Bond and Microloan Programs, builds on the policy change implemented earlier this month –…
ABA : California High School Produces Both First- & Second-Place Winners in National Lights, Camera, Save! Video Contest
The American Bankers Association Foundation has announced the national winners of the Lights, Camera, Save! teen video contest, a nationwide competition that encourages teens ages 13–18 to create a 30-second or less video educating their peers on the importance of smart money management. This year’s first place winner is Adam Costa, representing Montecito Bank & Trust in Santa Barbara,…
ABA: Foundation & Government Agencies Release New Infographic to Help Americans Spot and Avoid Government Imposter Scams
Released in recognition of the Social Security Administration’s ‘Slam the Scam’ Day As government imposter scams continue to rise nationwide, the ABA Foundation, alongside the Federal Bureau of Investigation, Financial Crimes Enforcement Network, Commodity Futures Trading Commission, U.S. Securities & Exchange Commission, United States Secret Service, United States Postal Inspection Service and Financial Industry Regulatory…
SBA: Agency Moves to Terminate Over 620 Firms in 8(a) Federal Contracting Program That Refused to Turn Over Financial Data
Nearly 20% of all 8(a) contractors removed for non-compliance after dramatic expansion under Biden-era DEI push Today, the U.S. Small Business Administration (SBA) initiated termination proceedings to remove 628 firms from the 8(a) Business Development Program after they refused to comply with SBA’s order to turn over three years’ worth of financial documents for review. Last year, the SBA…
ABA: Foundation, Working Credit & Wells Fargo Foundation Launch New Credit Education Campaign
The ABA Foundation today announced the launch of its Rebuild Right: Safe Credit Recovery & Responsible Debt Solutions campaign, a new national initiative designed to empower consumers to rebuild credit responsibly and avoid harmful financial pitfalls. The campaign, which will begin March 4 in recognition of National Consumer Protection Week, is hosted in collaboration with the Wells…
SBA: Agency Highlights Working Capital Loans for U.S. Homebuilders
Up to $5 Million in Flexible Financing Available for Local Builders as Mortgage Rates Hit 3-Year Low for Homebuyers With U.S. mortgage rates dropping to below 6% for the first time in three years, the U.S. Small Business Administration (SBA) is highlighting for homebuilders the 7(a) Working Capital Pilot (WCP) Program. With access to capital, homebuilders can accelerate residential…
SBA: SBA & National Association of Manufacturers to Host National Supplier Matchmaking Expo on March 11th
Registration is Now Open for Inaugural Event to Promote Made in America Today, the U.S. Small Business Administration (SBA) announced that the inaugural 2026 Supplier Matchmaking Expo will take place on March 11, 2026 at the Charlotte Motor Speedway in Charlotte, North Carolina. The event, which is co-hosted by the National Association of Manufacturers (NAM), is designed to support the…
FDIC: Deposit Insurance Application Approved for Edward Jones Bank, Salt Lake City, UT
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today announced the approval of a deposit insurance application submitted by the Jones Financial Companies, L.L.L.P. to establish Edward Jones Bank, which will be a Utah-chartered industrial bank. Applications for deposit insurance are evaluated under a statutory framework of seven factors that include: the…