Industry News

SBA: Agency Encourages Americans to Shop Small on Small Business Saturday®, November 29th

Today, the U.S. Small Business Administration (SBA) is encouraging Americans to support Main Streets across America by “shopping small” ahead of the holiday season on Small Business Saturday, November 29th. As one of the most important economic drivers of the year, Small Business Saturday, created by American Express, has generated over $220 billion* for independent retailers, restaurants, and…

HUD: Crime Hotline Announced to Keep Americans Safe in HUD-Funded Housing

Hotline will address crime in real time, builds on commitment to uphold President Trump’s Executive Orders Housing and Urban Development (HUD) Secretary Scott Turner announced a hotline for Americans to report crime tips and criminal activity in HUD-funded housing. The hotline will help to rid HUD-funded housing of gang and drug activity, illegal aliens, sex…

FHFA: Conforming Loan Limit Values for 2026 Announced

Baseline Conforming Loan Limit Value Will Increase to $832,750 U.S. Federal Housing (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2026.  In most of the United States, the 2026 CLL value for one-unit properties will be $832,750, an increase of $26,250 from…

OCC: Request for Information Issued on Community Banks’ Engagement with Core Service Providers and Other Essential Third-Party Service Providers

Today the Office of the Comptroller of the Currency (OCC) released a request for information (RFI) on community banks’ engagement with their core service providers and other essential third-party service providers. Note for Community Banks This request for information applies to all banks that may want to comment on the matters in the RFI. Highlights…

Federal Reserve: College Fed Challenge Winners Announced

Pace University won the 22nd Annual National College Fed Challenge. Pace University won the 22nd annual national College Fed Challenge on Friday, a team competition that encourages undergraduate students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. Teams analyze economic and financial conditions and formulate a monetary policy recommendation,…

CFPB: Agency’s Supervision Division Releases New “Humility Pledge”

Today, the CFPB made changes to how the Supervision Division conducts exams. Previously, under the leadership of Director Chopra and Biden’s Director of Supervision Lorelei Salas, a former Soros activist who was put on leave in February 2025, this division was the weaponized arm of the CFPB. Under President Trump and Director Vought’s leadership, that…

Federal Reserve: Board Releases Information Regarding Enhancements to Bank Supervision

The Federal Reserve Board on Tuesday released information regarding enhancements to bank supervision. The new supervisory operating principles were provided to all Federal Reserve supervisory leadership and staff and are intended to focus Federal Reserve examiners on material financial risks threatening the safety and soundness of banks and on taking timely, proportionate action to ensure…

OCC: Agency Confirms Bank Authority to Hold Certain Crypto-Assets as Principal for Purposes of Paying Crypto-Asset Network Fees

The Office of the Comptroller of the Currency (OCC) today confirmed permissible bank activities related to paying crypto-asset network fees. The OCC published Interpretive Letter 1186 confirming that a national bank may pay network fees, sometimes referred to as “gas fees,” on blockchain networks to facilitate otherwise permissible activities and hold, as principal, amounts of…

HUD: Treasury and HUD Build on First Lady Melania Trump’s Fostering the Future Initiative for Foster Youth

Agencies Commit to Equipping Foster Youth with Strong Financial Literacy Foundation In accordance with President Donald J. Trump’s Executive Order (EO) on “Fostering the Future for American Children and Families,” First Lady Melania Trump today announced the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Treasury (Treasury) will hold roundtables with foster…

HUD: Secretary Scott Turner Leads Monumental Reforms to Homlessness Program

HUD, HHS, and White House Faith Office Execute on President Trump’s Executive Order “Ending Crime and Disorder on America’s Streets” U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced $3.9 billion in competitive grant funding through HUD’s FY 2025 Continuum of Care (CoC) Competition Notice of Funding Opportunity (NOFO). This announcement, with…