FDIC: Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association
Kentland Federal Savings and Loan Association of Kentland, Indiana was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana (no affiliation with Kentland Federal Savings and Loan Association) to purchase substantially…
SBA: 10 Semifinalists in Freedom 250 Patriot Pitch Competition Announced
National Freedom 250 contest spotlights small businesses driving innovation, creating jobs, and strengthening communities across America Today, the U.S. Small Business Administration (SBA) announced the 10 semifinalists advancing in the Patriot Pitch Competition, the agency’s premier Freedom 250 initiative celebrating 250 years of American free enterprise and the small businesses that drive innovation, create jobs, and generate economic…
SBA: Small Businesses Now Eligible for $10 Million in SBA Financing
New SBA Policy Allows Borrowers to Combine 7(a) and 504 Loans to Double Available Capital Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration(SBA), announced that SBA borrowers may now combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, an increase from the previous cumulative loan limit of $5 million….
SBA: USDA & SBA Sign MOU to Combat Lawfare Against Farmers, Ranchers, and Small Businesses
New Partnership Gives Producers a Direct Line to Report Costly Regulations and Advance Lasting Reform Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) signed a Memorandum of Understanding (MOU) to combat lawfare targeting farmers, ranchers, rural communities, and small businesses. The agreement gives America’s producers a direct line to report the regulations and…
HUD: “Made in America” Theme Unveiled for Innovative Housing Showcase 2026
Sixth Annual Showcase returns to the National Mall September 22nd-24th Secretary Turner announced the “Made in America” theme for HUD’s sixth annual Innovative Housing Showcase, returning to the National Mall in Washington, D.C. September 22 – September 24, 2026. The Freedom 250 event will showcase American innovations that can help expand housing supply, lower construction…
SBA: Registration Now Open for America’s Seed Fund Summit
Month-long Summit Will Connect Entrepreneurs to Country’s Largest Source of Early-Stage Research and Development Funding Today, the U.S. Small Business Administration announced that registration is now open for America’s Seed Fund Summit, which will take place from July 1 to July 31. The month-long summit will feature a national series of virtual webinars and in-person events designed to connect entrepreneurs,…
FFIEC: Statement Issued on Promoting De Novo Depository Institution Formation
The Federal Financial Institutions Examination Council, on behalf of its member entities, released a statement on promoting de novo depository institution formation. The statement includes agency-specific resources for applicants. The statement should not be interpreted as new instructions; instead, it offers further transparency into the de novo formation process. The statement and links to the…
Treasury: Artificial Intelligence Innovation Series Concludes
The U.S. Department of the Treasury’s Office of the Financial Stability Oversight Council (FSOC) and the Artificial Intelligence (AI) Transformation Office (AITO) held the fourth and final roundtable of the AI Innovation Series on May 19, 2026. This public-private initiative supports the continued strength and resilience of the U.S. financial system in an era of…
HUD: Agency Slashes More Red Tape to Lower Costs and Improve Affordability
New Federal Housing Administration Single Family policy changes remove barriers and expand homeownership opportunities. HUD is announcing fourteen policy changes to its Federal Housing Administration (FHA) Single Family mortgage insurance program that lower costs, reduce regulatory burdens, and improve affordability for Americans seeking FHA-insured mortgages. The changes eliminate outdated requirements, reduce administrative burdens, and make…
OCC: Agency Clarifies Filing Decision Process
The Office of the Comptroller of the Currency (OCC) today clarified the standards for its decisions on filings. OCC filing decisions are governed by 12 CFR 5.13. As stated in the regulation, the OCC may approve, conditionally approve or deny a filing. In addition, the OCC may return a filing as materially deficient where it…