OCC: Acting Comptroller of the Currency Discusses Financial Literacy Education
Acting Comptroller of the Currency Rodney E. Hood today discussed the importance of financial literacy education in remarks at the Financial Literacy and Education Commission. In his remarks, Acting Comptroller Hood discussed the role financial literacy education plays in driving financial inclusion and participation in the financial system. He encouraged careful monitoring of the rapidly…
SBA: Agency Launches Onshoring Portal to Help Small Business Identify U.S. Manufacturers and Producers
New Tool Connects Small Businesses to Network of more than 1 Million Domestic Suppliers Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), announced the launch of the Make Onshoring Great Again Portal, a free tool designed to help small businesses identify U.S. manufacturers and producers. With a database of more than 1 million American suppliers,…
OCC: Deputy Comptroller for Community and Industry Relations Announced
The Office of the Comptroller of the Currency (OCC) today announced Andrew Moss as the Deputy Comptroller for Community and Industry Relations, effective June 2. “Andrew’s strong leadership, extensive experience in financial inclusion, and dedication to community and industry partnerships will strengthen the agency’s critical outreach and community development activities,” said Acting Comptroller of the…
SBA: Agency Overhauls Community Advantage Small Business Lending Company Loan Program for Underserved Commuities and Mission-Based Lenders
Agency Ends Expansion of “Mission Based” Community Advantage Loans Today, the U.S. Small Business Administration (SBA) announced an overhaul of the Community Advantage Small Business Lending Company (SBLC) program – a Biden-era program designed to grant government-backed 7(a) loans to “underserved communities” through “mission-based lenders.” As with other Biden-era schemes, lax oversight of the program has resulted…
HUD: Secretary Turner and DOI Secretary Burgum Visit Underutilized Federal Land for Affordable Housing Development in Southern Nevada
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of Interior (DOI) Secretary Doug Burgum visited Southern Nevada to further the discussion about increasing affordable housing opportunities through development of underutilized federal land. Secretary Turner and Secretary Burgum were welcomed by Nevada Governor Joe Lombardo and Representative Mark Amodei (R-N.V.)….
OCC: Acting Comptroller of the Currency Discusses Agency Priorities
Acting Comptroller of the Currency Rodney E. Hood today discussed agency priorities at the Building Societies Annual Conference in Birmingham, England. In his remarks, Acting Comptroller Hood highlighted the Office of the Comptroller of the Currency’s work to reduce regulatory burden, improve financial inclusion, support innovations in financial technology, and digital assets in the federal…
SBA: Agency Celebrates National Small Business Week Following White House Proclamation
Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined the nation in recognizing National Small Business Week after President Donald J. Trump issued a formal proclamation(Link is external) declaring that the week would take place May 4-10, 2025. “This National Small Business Week, we honor the vital role that America’s entrepreneurs and job creators play in…
ICBA: Latest ThinkTECH Accelerator Cohort Announced
The Independent Community Bankers of America® (ICBA) today announced the selected companies for its ninth ICBA ThinkTECH Accelerator program (AP9). In market May 19 – July 25, the solutions represented in the second cohort of 2025 cover a broad range of key areas critical in helping community bankers meet a wide range of customer needs. …
Treasury: Readout Provided for Treasury Roundtable on Opportunities to Lower Costs and Maintain Availability of Homeowners Insurance
Today, the Federal Insurance Office (FIO) at the U.S. Department of the Treasury hosted a roundtable discussion with representatives from the insurance sector, including insurers, reinsurers, brokers, state regulators, resilience and consumer groups, and academics to discuss ways to lower costs and maintain availability of homeowners insurance as part of the Trump Administration’s efforts to…
ICBA: Following Latest Credit Union Acquisition of a Community Bank, ICBA Continues Call for Taxing Largest Credit Unions
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement following the latest acquisition of a tax-paying community bank by a tax-exempt credit union. “With the latest interstate acquisition of a tax-paying community bank by tax-exempt credit unions extending into Montana for the first time, it is time for the increasing…