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…
ICBA: New ICBA White Paper Calls on Policymakers to Close Industrial Loan Company Loophole
The Independent Community Bankers of America (ICBA) today released a comprehensive white paper detailing why policymakers should close a legal loophole that allows industrial loan companies and their parent companies to skirt regulatory oversight, endangering consumers and the economy. In “Closing the Industrial Loan Company Loophole: An Urgent Priority to Prevent Systemic Risk and Consumer Harm,” ICBA…
HUD: Secretary Scott Turner’s Statement on End of the Government Shutdown
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner released the following statement after Democrats in both the U.S. House of Representatives and the U.S. Senate joined with Republicans to reopen the government. This marks the end of the Left’s shutdown – the longest in U.S. history. “I’m relieved the Left has finally…
SBA: Agency Clears VetCert Program Backlog to Put Veteran Entrepreneurs First
Agency Restores Statutory Staffing and Funding to Support Veteran Contracting Opportunities Today, the U.S. Small Business Administration (SBA) announced that the agency has cleared the Biden-era backlog of Veteran Small Business Certification (VetCert) applications, which accumulated after the prior Administration diverted all resources away from VetCert to increase certification approvals for “socially disadvantaged” small businesses within the 8(a) Business Development…
CFPB: Agency Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve
Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank. OLC made this conclusion on the basis that the Federal Reserve…
ICBA: ICBA Urges OCC to Deny Coinbase’s Application for a National Bank Charter
The Independent Community Bankers of America (ICBA) urged the Office of the Comptroller of the Currency (OCC) to reject Coinbase’s application for a national trust bank charter for its subsidiary, Coinbase National Trust Co. (CNTC). In a letter to the OCC, ICBA outlined serious concerns with the application, stating it failed to meet requirements of the National…
SBA: National Veterans Small Business Week Canceled Due to Federal Shutdown
Celebration Honoring America’s Heroes Canceled After Senate Democrats Block Clean Funding Bill Today, the U.S. Small Business Administration (SBA) announced that the agency’s 12th annual National Veterans Small Business Week (NVSBW) celebration, originally scheduled for November 3-7, 2025, has been canceled due to the ongoing federal shutdown. The week-long recognition, which would have honored America’s 1.6 million veteran-owned small…