SBA: Over 1,000 8(a) Firms Suspended from Program Following December Document Request
Action is Latest in Sweeping Effort to Dismantle DEI, Expose Fraud, and Restore Integrity to Federal Contracting Today, the U.S. Small Business Administration (SBA) announced the suspension of 1,091 firms from the 8(a) Business Development Program – representing about 25% of all firms registered to participate in the federal government contracting program. The suspension comes after the…
FHFA: U.S. Federal Housing Receives ‘Best Result’ from Annual GAO Audit, Publishes Accountability Report Documenting Agency Achievements
U.S. Federal Housing’s (Federal Housing Finance Agency’s) annual Performance and Accountability Report published today, showing the Agency’s clean audit results from the U.S. Government Accountability Office (GAO). The report also documents the Agency’s success in securing the safety and soundness and housing affordability mission of Fannie, Freddie, and the Federal Home Loan Banks during fiscal…
ICBA: FDIC Approval of Ford, GM Industrial Loan Companies Threatens Banking System Stability
The Independent Community Bankers of America (ICBA) today expressed serious concern with the Federal Deposit Insurance Corp.’s approval of industrial loan company applications from Ford and General Motors, citing the systemic risk the ILC regulatory loophole poses to the banking system by allowing financial institutions to receive federal deposit insurance while avoiding full regulatory oversight….
FDIC: Board of Directors Establishes Office of Supervisory Appeals
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved amendments to the agency’s Guidelines for Appeals of Material Supervisory Determinations. Under the new Guidelines, the FDIC is replacing the existing Supervision Appeals Review Committee (SARC) with the Office of Supervisory Appeals, an independent, standalone office within the FDIC. The Office of Supervisory Appeals…
ABA: Foundation Highlights Major Financial Education Milestone, Launches 2026 Programs
The American Bankers Association Foundation today launched its 2026 financial education programs, encouraging banks across the country and their more than two million employees to participate in these industry-wide efforts to strengthen financial capability in communities across America. Alongside the launch of this year’s programs, the ABA Foundation is celebrating a major achievement of exceeding…
ABA: 2026 Blueprint for Growth Outlines Key Policy Priorities
The American Bankers Association today released its 2026 Blueprint for Growth, outlining ABA’s top policy priorities for the year ahead. The Blueprint will shape ABA’s ongoing engagement with Congress and the administration on the most important issues facing banks of all sizes, charters and business models. It was developed by ABA’s Government Relations Council, made up…
HUD: Fair Housing Investigation Launched into Minneapolis’ Race-Based Housing Plan
The Department of Housing and Urban Development’s (HUD) Office for Fair Housing and Equal Opportunity (FHEO) notified the City of Minneapolis that it has launched an investigation into the city’s comprehensive racialized housing plans, which HUD believes may violate the Fair Housing Act and Title VI of the Civil Rights Act of 1964. “Minnesota is…
ICBA: 2026-2027 Board Nominees Named to Advance Community Banking Priorities
The Independent Community Bankers of America (ICBA) today announced its 2026-27 board of directors nominees, whose perspective and guidance will chart the course for community banking in the new year. ICBA’s current board will vote on the nominations March 6-9 in San Diego, Calif., during ICBA LIVE 2026—the largest gathering of community banks in the…
FDIC: Travis Hill Sworn in as the 23rd Chairman of the FDIC
Travis Hill was sworn in as the 23rd Chairman of the Federal Deposit Insurance Corporation (FDIC). Chairman Hill has served as Acting Chairman of the FDIC Board since January 20, 2025, and previously as Vice Chairman since January 5, 2023. Chairman Hill was nominated by President Trump on September 30, 2025, for a term of five years…
ABA: Community Financial Trade Associations Urge Congress to Close Stablecoin Loophole Threatening Trillions in Local Lending
A coalition of national trade associations representing thousands of community banks and credit unions today issued a unified call for Congress to take urgent action to prevent what they warn could be a multitrillion dollar disruption to local lending across the United States. In a new joint letter to the U.S. Senate, the CEOs of the American…