ABA: ABA & CBA Urge Federal Reserve to Strengthen Safeguards for Proposed Payment Accounts
The American Bankers Association and Consumer Bankers Association today submitted a joint comment letter supporting the Federal Reserve’s proposed Payment Account framework as a prudent approach to responsible innovation if additional safeguards are adopted to protect the safety, soundness and integrity of the U.S. payments system. The associations said the proposal represents a measured approach to expanding…
ICBA: ThinkTECH Accelerator Showcase Returns to GSBC, Connecting Fintechs with Community Bank Leaders
The Independent Community Bankers of America (ICBA) will host the ICBA ThinkTECH Accelerator Program 11 Showcase on July 23, 2026 at the Graduate School of Banking at Colorado (GSBC) in Boulder, Colo. During the event, community bank leaders will engage with growth-stage, bank-enabling fintechs and vote on the solution that best helps community banks flourish….
HUD: Agency Joins the NFL and Agency Partners to Support Engaging Youth Through Sport
HUD, HHS, DOL, ED Sign MOU focused on youth academic participation, healthy living, and workforce development in underserved communities Officials from Housing and Urban Development (HUD), Health and Human Services (HHS), Education (ED), and Labor (DOL) today joined Troy Vincent Sr., Executive Vice President of National Football League (NFL) Football Operations to announce a federal agency Memorandum of Understanding…
ABA: Foundation Launches Guide to Help Nonprofits Sustain Bank Partnerships
The American Bankers Association Foundation today released a new resource designed to help nonprofits build and sustain successful partnerships with banks based on shared goals, mutual respect and measurable impact. The new guide, The Power of Collaboration 2.0: Steps for Nonprofits to Build and Sustain Partnerships with Banks, is the second resource in the ABA Foundation’s Power…
FDIC: The Farmers State Bank of Oakley, KS Assumes All Deposits of Small Business Bank, Lenexa, KS
Small Business Bank in Lenexa, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with The Farmers State Bank of Oakley, Kansas, to assume substantially all deposits and purchase certain assets of Small Business Bank. …
ABA: Officers Nominated for 2026-2027
The American Bankers Association’s Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City. The committee, chaired by John C. Asbury, chief executive officer, Atlantic Union Bankshares Corp., Richmond, Va., nominated the following candidates for ABA officer positions:…
CDFI Fund: Beware of Fraud Attempts Using Fictitious CDFI Fund Communications and Accounts
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) would like to make the public aware of fraudulent social media profiles, email accounts, text messages, and phone numbers that attempt to impersonate or otherwise associate themselves with the CDFI Fund. Although the precise platforms and messages vary, these imposters provide false…
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….