SBA: Loan Fees Waived for Small Manufacturers in Fiscal Year 2026
One-Year Waiver Incentivizes Return to Industrial Dominance Today, in support of the Trump Administration’s broader effort to rebuild American industrial dominance, the U.S. Small Business Administration (SBA) announced that it would waive most upfront fees for small manufacturers in fiscal year 2026. With the fee burden reduced, the SBA will empower more small manufacturers (NAICS 31-33) with…
OCC: Agency Announces Updates to Organizational Structure
The Office of the Comptroller of the Currency (OCC) today announced a new organizational framework for bank supervision and updates to the structure of its Office of the Chief National Bank Examiner. Effective October 1, three distinct lines of business will replace the Bank Supervision and Examination group: Large and Global Financial Institutions, Regional and…
ABA: ABA Testifies Before House Subcommittee on Escalating Fraud Threats
Today, Paul Benda, executive vice president of risk, fraud and cybersecurity at the American Bankers Association, will testify before the House Financial Services Subcommittee on Oversight and Investigations during a hearing focused on fraud and the threat it poses to American families. In his prepared testimony, Benda highlighted the alarming rise in financial fraud targeting American…
HUD: Secretary Turner Hosts Tribal Intergovernmental Advisory Committee and Announces National Tribal Housing Summit
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner recently hosted HUD’s Tribal Intergovernmental Advisory Committee (TIAC) meeting at HUD’s headquarters. The convening included Tribal leaders from across the nation who make up HUD’s TIAC. “Since day one, I have stated my commitment to make Tribal communities a priority here at HUD….
ABA: Officers & Board Nominated for 2025-2026
The American Bankers Association’s Nominating Committee has finalized the official slate of candidates to be presented for election at the association’s annual meeting scheduled for Oct. 21 in Charlotte, N.C. The committee, chaired by Julieann M. Thurlow, president and CEO, Reading Cooperative Bank, Reading, Mass., nominated these candidates for ABA officer positions: The committee also…
OCC: Agency Elevates Bank Chartering Function; Names Stephen Lybarger as Senior Deputy Comptroller for Chartering, Organization and Structure
The Office of the Comptroller of the Currency (OCC) today announced the elevation and renaming of its chartering and licensing function and the appointment of Stephen Lybarger as Senior Deputy Comptroller for Chartering, Organization and Structure. “The business of banking is innovating at a rapid pace. Elevating the OCC’s chartering and licensing activities to be…
ABA: ABA Testifies Before Congress on Strengthening Bank Resilience and Modernizing Regulation
Hugh Carney, executive vice president for financial institutions policy and regulatory affairs at the American Bankers Association, will testify today before the House Financial Services Subcommittee on Financial Institutions during a hearing titled “Promoting the Health of the Banking Sector: Reforming Resolution and Broadening Funding Access for Long-Term Resilience.” In his prepared testimony, Carney outlined four key policy…
FDIC: Enforcement Actions Manual Updated Regarding Minimum Standards for Termination of Cease-and-Desist and Consent Orders
The FDIC has updated chapter four of its Formal and Informal Enforcement Actions Manual (manual), entitled Cease-and-Desist Actions, regarding the agency’s minimum standards for terminating cease-and-desist and consent orders issued under Section 8(b) of the Federal Deposit Insurance (FDI) Act. The manual provides direction for professional staff related to the work necessary to pursue formal and informal enforcement actions….
SBA: First-Ever Loan Program Dedicated to American Manufacturers Launched
MARC Loans Will Expand Access to Credit Lines that Create Jobs, Onshore Production, and Support the Return of Industrial Dominance Today, the U.S. Small Business Administration (SBA) launched its first-ever loan program dedicated to supporting America’s small manufacturers, which make up 98% of all U.S. manufacturers. The 7(a) Manufacturer’s Access to Revolving Credit (MARC) Loan Program will offer working capital…
ABA: Foundation and FBI Release New Infographic to Help Americans Spot and Avoid Deepfake Scams
As artificial intelligence (AI) continues to evolve, so do the tactics of scammers who exploit this technology to deceive and defraud consumers. Today, the American Bankers Association Foundation and the Federal Bureau of Investigation released a new infographic aimed at educating the public about the growing threat of deepfake scams. The infographic highlights how AI-generated or manipulated…