CFPB: 2025 Financial Literacy Annual Report Released
The 2025 Financial Literacy Annual Report summarizes the CFPB’s financial education priorities including: FULL REPORT
OCC: Two Final Rules on Preemption of State Interest-on-Escrow Laws Issued
The Office of the Comptroller of the Currency (OCC) today issued two final rules on national banks’ and federal savings associations’ real estate lending powers related to the payment of interest on funds held in escrow accounts. The OCC’s actions emphasize federal preemption as a critical tool for reducing unnecessary burden, enabling local and national…
ICBA: Leading American Trade Associations Urge Federal Action to Address AI-Enabled Cyber Risk
A cross-sector of trade associations representing energy, electricity manufacturers, technology, financial services, healthcare, chemical distribution, and other critical infrastructure sectors today urged the administration to take coordinated action to address emerging AI-enabled cyber risk. In a letter to the administration, the groups highlighted the deeply interconnected nature of sector-wide risk and put forward a set…
Census Bureau: Population Growth Holds Steady in Midsized Cities Amid Widespread Slowdown
Largest Cities Faced Sharpest Declines in Population Growth Amid a widespread national slowdown in population growth, midsized cities remained close to the previous year’s patterns between July 1, 2024, and July 1, 2025. Drop-offs in average growth were steeper among the largest cities, according to U.S. Census Bureau Vintage 2025 population estimates released today. Even where the largest cities…
FDIC: Staff Study Released of Deposit Flows at Three Failed Banks in Spring 2023
Study focuses on depositor flight at Silicon Valley Bank, Signature Bank, and First Republic Bank The Federal Deposit Insurance Corporation (FDIC) today released “Dissecting Depositor Flight: An Analysis of the Spring 2023 Bank Failures,” a detailed staff study of deposit flows at three banks that failed in the spring of 2023. Using transaction-level data from…
CDFI Fund: Special Topic Webinar on Updated NMTC TLR User Experience in AMIS Scheduled for May 28th
The CDFI Fund will host a specialized webinar focused on Transaction Level Report (TLR) reporting requirements and considerations related to the New Markets Tax Credit Program (NMTC Program). This webinar is intended to provide NMTC stakeholders with additional guidance and an opportunity to ask questions related to the updated user AMIS interface for NMTC TLR…
Banking Trades Issue Statement on Senate Banking Committee Vote to Advance Clarity Act
Following today’s Senate Banking Committee vote to advance the Digital Asset Market Clarity Act, the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, Independent Community Bankers of America and National Bankers Association issued the following joint statement: “Today’s Senate Banking Committee vote on the Clarity Act marks an important step in…
FEMA: More Than $5.4 Billion Approved in Recovery Funding
Today, Department of Homeland Security Secretary Markwayne Mullin announced more than $5.4 billion to reimburse states, local governments and health facilities for their costs to respond to the COVID-19 pandemic. “Today, FEMA has obligated $5.4 billion in additional funds to support 458 projects across the country to close out outstanding COVID-19 reimbursements,” said Secretary Mullin. “As we continue…
SBA: $1 Million Patriot Pitch Competition Launched to Showcase America’s Entrepreneurs
Freedom 250 Event Celebrates Free Enterprise Through National Small Business Competition for $1 Million Cash Prize Pool Funded by Clover Today, the U.S. Small Business Administration (SBA) launched the Patriot Pitch Competition, a national celebration of 250 years of American free enterprise and the small businesses that drive innovation, create jobs, and generate economic growth. Featuring a…
ICBA: ICBA Applauds House Passage of Pro-Community Bank Regulatory Reforms
The Independent Community Bankers of America (ICBA) applauded the House of Representatives for its bipartisan passage of ICBA-advocated regulatory reforms that will help community banks meet the needs of local communities. “ICBA and the nation’s community banks strongly support House passage of legislation advancing sensible regulatory relief that will help community banks direct more resources…