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 The changes eliminate outdated requirements, reduce administrative burdens, and make…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…
SBA: SBA and GSA Take Action to Prioritize American-Made Products in Federal Purchasing
Agencies Partner to Remove Foreign Imposters from List of Approved Federal Product Offerings Today, the U.S. Small Business Administration (SBA), in collaboration with the U.S. General Services Administration (GSA), announced new action to remove nearly two dozen foreign product offerings from GSA Advantage!, the list of approved vendors for federal agency procurement. The action comes as a result of meetings held…
HUD: 15 Fair Housing Enforcement Actions Announced
Violations include Disability Discrimination, Sexual Harassment, and Familial Status The Department of Housing and Urban (HUD) announced fifteen recent fair housing enforcement actions as the Department accelerates civil rights enforcement, delivers relief for Americans facing housing discrimination, and continues to reduce a major case backlog inherited from the Biden Administration. The actions include charges and…
ICBA: Advocacy Campaign Launched to Protect Main Street Communities from Crypto Threat
New ad highlights critical role community banks serve across America The Independent Community Bankers of America (ICBA) today announced a new campaign to protect local communities and consumers from the risks posed by the accelerated adoption of crypto products and services that lack the same level of regulation and consumer protection as the banking sector. “Community banks are the backbone…
Treasury: Education Freedom Tax Credit Guidance Previewed
The U.S. Department of the Treasury previewed forthcoming Treasury and IRS guidance for the implementation of the new federal scholarship tax credit enacted as part of the Working Families Tax Cuts. “Under President Trump’s leadership, we are taking a transformative step toward an education system that fits the student rather than the other way around,” said…
ABA: Statement Issued on Nomination of Brian Johnson as CFPB Director
“We applaud President Trump’s nomination of Brian Johnson to serve as the next director of the CFPB. Brian has a distinguished track record in bank regulatory policy both at the Bureau and on Capitol Hill, and he will bring a thoughtful approach to setting the Bureau’s priorities in the years ahead if confirmed. The Bureau…
SBA: Agency-Wide Reorganization Announced to Modernize, Drive Operational Efficiency, and Enhance Accountability to Taxpayers
Reforms Strengthen SBA’s Service Levels, Technology, and Access for Small Businesses and Disaster Survivors Today, the U.S. Small Business Administration (SBA) announced an agency-wide reorganization designed to modernize its organizational structure, improve operational efficiency to better serve small businesses, and strengthen accountability to taxpayers. By aligning employees around departmental expertise and management, the reorganization will reduce significant…
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…