SBA: Agency Celebrates 72 Years of Service to America’s Small Businesses
Loeffler’s leadership delivers lending surge, greater accountability, and renewed focus on Main Street Today, the U.S. Small Business Administration celebrates its 72nd anniversary – and over seven decades of empowering entrepreneurs, supporting disaster recovery, and championing economic growth in every corner of our nation. “Over the course of 72 years, the SBA has grown to become the…
SBA: Agency Issues Letter of Warning to Federal Contracting Officers
Letter underscores obligation to report fraud, waste, and abuse in 8(a) Program This week, the U.S. Small Business Administration (SBA) issued a formal letter to contracting officers across the federal government, strengthening oversight of the SBA 8(a) Business Development Program and reinforcing the officers’ legal responsibility to report suspected fraud, waste, and abuse. “Our 8(a) contracting officers have a legal…
CDFI Fund: Updated CDFI Fund Certification Application Frequently Asked Questions & Supplemental Guidance Issued
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has updated the Community Development Financial Institution (CDFI) Certification Application Frequently Asked Questions (FAQs). New content has been added to the FAQs since the CDFI Fund published a new more user-friendly web-based version of the FAQs on March 17, 2025. The…
ABA: Foundation Launches Guide for Nonprofits on Forming Bank Partnerships
The American Bankers Association Foundation today released a new resource for nonprofit organizations on how to establish and maintain bank partnerships. The guide, “The Power of Collaboration: A Guide for Nonprofits to Partner with Banks,” aims to help organizations learn more about the business of banking and how to foster strong, mutually beneficial partnerships that can lift…
CDFI Fund: Dietrich Douglas Named Acting Director of CDFI Fund Following Director Pravina Raghavan’s Resignation
The U.S. Department of the Treasury has named Dietrich Douglas as the Acting Director of the Community Development Financial Institutions Fund (CDFI Fund). Mr. Douglas currently serves as Legal Counsel for the CDFI Fund. “With the best interest of the CDFI Fund, the community development finance sector, and the communities we serve in mind, I…
HUD: Disaster Aid and Financial Flexibilty Delivered for Iowa Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Iowa to supplement recovery efforts in the areas affected by the severe winter storm on March 19, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and businesses…
ICBA: ICBA Urges Congress to Build on Pro-Agriculture Policies in Testimony Before House Agriculture Committee
The Independent Community Bankers of America (ICBA) today testified before Congress on the importance of community banks to the nation’s agriculture credit markets and how policymakers can enhance the new farm bill. Testifying before the House Agriculture Committee’s Subcommittee on General Farm Commodities, Risk Management, and Credit, Brian Gilbert of First National Bank in Sioux Falls, S.D.,…
SBA: SBA and Department of Labor Sign MOU to Support Domestic Manufacturing
Enhanced collaboration will cultivate pipeline of skilled workers, restore American industrial dominance Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Labor (DOL) signed a memorandum of understanding (MOU) to support American manufacturing. The agreement, which will enhance collaboration and data-sharing across key programs, is designed to cultivate a pipeline of skilled workers while also promoting…
FDIC: Board of Directors Propose to Establish Office of Supervisory Appeals
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal that would amend the agency’s Guidelines for Appeals of Material Supervisory Determinations. Through this proposal, the FDIC would replace the existing Supervision Appeals Review Committee (SARC) with an independent, standalone office within the FDIC, known as the Office of Supervisory Appeals (Office)….
OCC: Jonathan V. Gould Takes Office as the 32nd Comptroller of the Currency
Jonathan V. Gould today became the 32nd Comptroller of the Currency, after being sworn into the office by Dr. Michael Faulkender, Deputy Secretary of the U.S. Treasury. President Donald J. Trump nominated Mr. Gould on February 11, 2025, and the U.S. Senate confirmed him on July 10, 2025. Mr. Gould takes over from Rodney E….