OCC: Comptroller Gould Testifies on Agency Activities
Comptroller Jonathan V. Gould today testified on the Office of the Comptroller of the Currency’s (OCC) priorities and activities before the U.S. House of Representatives Committee on Financial Services. Excerpts from Comptroller Gould’s testimony are below. The full written testimony can be found here. On risk tolerance: “After the 2008 financial crisis, Washington too often sought…
ICBA: Community Banker Guide on Artificial Intelligence Security Readiness Released
The Independent Community Bankers of America (ICBA) today released a new guide opens in a new tabto help community banks navigate the artificial intelligence security landscape. Developed by community bankers on ICBA’s AI Task Force to provide practical guidance to their industry colleagues, the Community Banker AI Security Readiness Guide opens in a new taboffers an informational overview of…
SBA: First $30 Million in Loans Delivered Through SBA 90% Grocery Guarantee Announced
Early loan approvals are directing new capital across food supply chain to support lower grocery costs Today, the U.S. Small Business Administration (SBA) announced it has approved 19 loans totaling more than $30 million in just one month through its enhanced 90% Grocery Guarantee. These early approvals mark an important step in President Trump’s effort to make groceries…
CFPB: Agency Works To Ensure Bilt Consumers Are Made Whole
The CFPB has been working to ensure consumers affected by Bilt’s transition to a new bank partner are appropriately remedied. CFPB officials met with Bilt to understand the issues caused by the transition and what steps Bilt has taken to ensure customers affected by challenges with the transition were made whole. Following our discussions and…
HUD: Agency Overhauls Federal Homelessness Assistance
Today, the Department of Housing and Urban Development (HUD) announced a new Notice of Funding Opportunity (NOFO) for $4.04 billion to better serve America’s vulnerable populations through the Continuum of Care (CoC) homelessness assistance program. “The ‘housing first’ experiment failed Americans by warehousing the vulnerable without results. This ideology promised to end homelessness. Instead, billions…
OCC: Senior Deputy Comptroller for Regional and Midsize Financial Institutions Announced
The Office of the Comptroller of the Currency (OCC) today announced Benjamin Eddy will serve as the Senior Deputy Comptroller for Regional and Midsize Financial Institutions, effective June 1. In this role, Mr. Eddy oversees the supervision of national banks and federal savings associations between $30 billion and $500 billion in assets. He also serves…
Treasury: Launch of the Trump Accounts App and Next Steps for Trump Accounts Announced
Today, the U.S. Department of the Treasury announced the launch of the Trump Accounts app on app stores available nationwide. The Trump Accounts app will be the main interface for the most historic policy for American families in decades and is available on all major mobile app stores. “The Trump Administration is taking another…
SBA: General Motors and SBA to Host Michigan Supplier Matchmaking Expo on June 5th
Registration Now Open for June 5 Event Connecting Major Buyers with Local Small Businesses to Strengthen Domestic Supply Chains Today, the U.S. Small Business Administration (SBA) announced that its second 2026 Supplier Matchmaking Expo will take place on June 5, 2026, at the MotorCity Casino in Detroit, Michigan. The event, which is co-hosted by General Motors, is designed to advance…
Federal Reserve: Kevin Warsh Takes Oath of Office as Chairman and a Member of the Board of Governors of the Federal Reserve System
Federal Open Market Committee Unanimously Selects Warsh as Its Chairman Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System. Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman. President Donald J. Trump nominated Mr. Warsh…
ICBA: ICBA Urges OCC to Rescind Approval for Coinbase’s National Trust Charter Following Criminal Lawsuit
The Independent Community Bankers of America (ICBA) today called on the Office of the Comptroller of the Currency to rescind or suspend its conditional approval of Coinbase Global’s application for a national trust bank charter until criminal allegations against Coinbase’s wholly owned subsidiary, Coinbase Financial Markets Inc., are resolved. This follows the New York State Attorney General’s…