CDFI Fund: 2026 Transactional Level Report (TRL) Webinar Schedule Announced
The Community Development Financial Institutions Fund (CDFI Fund) will host a monthly Transaction Level Report (TLR) webinar. The TLR webinars are intended to serve as a forum for Certified and non-Certified Community Development Financial Institutions (CDFIs) to ask questions and discuss the TLR and its submission process. The sessions will cover the purpose of the…
ABA: ABA Applauds the Introduction of the SCAM Act
“ABA applauds Sens. Gallego and Moreno for their leadership in introducing the Safeguarding Consumers from Advertising Misconduct (SCAM) Act, a critical step forward in the nation’s fight against fraud. Millions of Americans lose billions of dollars a year to scams that start on social media platforms. Banks of all sizes invest significant resources to detect…
SBA: Working Capital Pilot Program Delivers $150 Million to Support U.S. Manufacturing
Flexible Credit Line Supports Expansion and Job Creation Today, the U.S. Small Business Administration (SBA) announced a major milestone for its 7(a) Working Capital Pilot (WCP) Program, which has delivered more than $150 million in new lending since its inception – of which more than $125 million was approved since President Trump took office last January. The success of the…
ABA: Banking Trades Issue Statement on White House Crypto Market Structure Meeting
Following today’s meeting at the White House on crypto market structure legislation, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America issued the following joint statement: “We want to thank the administration for hosting today’s constructive conversation and for recognizing the importance of the banking…
FDIC: First Independence Bank, Detroit, MI, Assumes All Deposits of Metropolitan Capital Bank & Trust, Chicago, IL
Metropolitan Capital Bank & Trust was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with First Independence Bank to assume substantially all deposits of Metropolitan Capital Bank & Trust. Metropolitan Capital Bank &…
ICBA: ICBA Strongly Supports Senate Bill to Close Industrial Loan Company Loophole
The Independent Community Bankers of America (ICBA) today expressed its strong support for bipartisan legislation to close the industrial loan company (ILC) loophole, which allows commercial companies to own full-service banks without full regulatory oversight. A loophole in the Bank Holding Company Act allows commercial and fintech companies to own or acquire ILCs chartered in…
FEMA: More Than $2.2 Billion in Additional Federal Funding Unlocked to Rebuild Communities Hit by Past Disasters
Today, Department of Homeland Security Secretary Kristi Noem announced more than $2.2 billion in disaster relief funding to support ongoing recovery efforts from a variety of natural disasters. “This investment will repair and restore critical public infrastructure across the country, including schools, public safety facilities, utilities and community services,” said Secretary Noem. “American communities are rebuilding…
FEMA: Over $867 Million Approved to Support Disaster Recovery in Arkansas, Louisiana, New Mexico, Oklahoma and Texas
Under the leadership of President Trump and Secretary Noem, FEMA recently approved 546 projects worth more than $867 million in funding to support recovery for disasters in Arkansas, Louisiana, New Mexico, Oklahoma and Texas for Public Assistance projects. These projects include debris removal, emergency protective measures and the repair or replacement of public infrastructure damaged…
FEMA: DHS Leads Historic, Nationwide Response as Winter Storm Slams 12 States at Once
In one of the most expansive and severe winter weather emergencies in recent history, a powerful storm system simultaneously impacted 12 states, triggering rapid federal action to protect American lives, infrastructure and communities. At the direction of President Donald J. Trump, Department of Homeland Security (DHS) Secretary Kristi Noem led an immediate, coordinated response funneling…