OCC: Acting Comptroller Discusses Financial Inclusion
Acting Comptroller of the Currency Rodney E. Hood today discussed financial inclusion in remarks at the National Association of Hispanic Real Estate Professionals’ Homeownership and Housing Policy Conference. Mr. Hood’s written remarks in support of his presentation discussed the work of the OCC’s Project REACh to support affordable homeownership. Related Links
OCC: Mortgage Performance for Fourth Quarter of 2024 Reported
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2024. The OCC Mortgage Metrics Report, Fourth Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
ABA: Financial Trades Issue Joint Letter to Congress Stating that the Misguided Durbin-Marshall Bill will Harm Consumers, Small Businesses and Financial Institutions
In a new letter filed today, the American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Independent Community Bankers of America, Electronic Payments Coalition, Mid-Size Bank Coalition of America and National Bankers Association warned that any legislative initiatives to expand the power of the…
SBA: Agency-Wide Reorganization Announced
SBA will restructure to eliminate wasteful spending, restore mission of empowering small businesses Today, pursuant to EO 14210(Link is external), the U.S. Small Business Administration (SBA) announced its plans for an agency-wide reorganization. To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% –…
FEMA: President Trump Approves Major Disaster Declaration for Oklahoma
FEMA announced that federal disaster assistance is available to the state of Oklahoma to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, tornadoes and flooding from Nov. 2-5, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a…
OCC: Agency Ceases Examinations for Reputation Risk
The Office of the Comptroller of the Currency (OCC) today announced that it will no longer examine its regulated institutions for reputation risk and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. Today’s actions support the OCC’s mission and its supervisory objectives to ensure that banks have appropriate and…
HUD: Disaster Recovery Process Streamlined with Universal Notice
Action will ensure efficient and effective delivery of critical funding for communities impacted by natural disasters U.S. Housing and Urban Development (HUD) Secretary Scott Turner announced HUD is streamlining and simplifying its disaster recovery processes to deliver disaster assistance more quickly to Americans recovering from catastrophic events. HUD published an updated Community Development Block Grant…
SBA: Dates Set for Free National Small Business Week Virtual Summit
Summit will feature educational workshops, networking opportunities and information about federal resources Today, the U.S. Small Business Administration and SCORE(Link is external), mentors to America’s small businesses and an SBA resource partner, set the dates for the 2025 National Small Business Week virtual summit. The free two-day online event will take place May 6 and 7 from 10 a.m. to…
CDFI Fund: Reminders for March Annual Compliance, Certification and Reporting Obligations
Are you the Authorized Representative of either a Certified Community Development Financial Institution (CDFI) or an organization that has received a Community Development Financial Institutions Fund (CDFI Fund) Award, Assistance and/or Allocation? If so, to ensure compliance with your Award, Assistance and/or Allocation Agreement(s), you must complete and submit the annual report(s) specified in these…
SBA: 2025 National Small Business Week Program and Speciality Award Winners Announced
Administrator Loeffler to honor awardees at National Small Business Week ceremony in Washington, D.C. on May 5 Today, the U.S. Small Business Administration announced the national program and specialty award winners for SBA’s 2025 National Small Business Week, which will take place May 4-10, 2025. These awards recognize businesses and resource partners for their efforts in government contracting…