FEMA: President Trump Approves Major Disaster Declaration for North Dakota
FEMA announced that federal disaster assistance is available to the state of North Dakota to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from Aug. 7-8, 2025. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
FEMA: President Trump Approves Major Disaster Declaration for Leech Lake Band of Ojibwe
FEMA announced that federal disaster assistance is available to Members of the Leech Lake Band of Ojibwe to supplement recovery efforts in the areas affected by severe storms and straight-line winds on June 21, 2025. The President’s action makes federal funding available to affected individuals and families of the Leech Lake Band of Ojibwe. Assistance can include…
Federal Reserve: Governor Barr Delivers Speech on “Supporting Investment in Communities: The First 25 Years of the New Markets Tax Credit”
Speech delivered by Governor Michael S. Barr at the 2025 Fall New Markets Tax Credit Conference, New Orleans, Louisiana Thank you for asking me to be part of this celebration of 25 years of the New Markets Tax Credit (NMTC) and also the historic achievement of its permanent extension.1 I consider the credit a great achievement…
SBA: State-Level Analysis Released of Shutdown Impact on Small Business Lending
With Core Lending Programs Frozen, Agency is Unable to Deliver $170 Million to 320 Main Street Businesses Each Day Today, the U.S. Small Business Administration released a state-level analysis of how small businesses have been impacted by the federal shutdown, which has frozen the agency’s core 7(a) and 504 small business lending programs. For fiscal year 2025…
ABA: ABA Calls on CFPB to Suspend Data Sharing Rule Compliance Dates and Undertake Major Revisions
The American Bankers Association today submitted a detailed comment letter in response to the Consumer Financial Protection Bureau’s Advance Notice of Proposed Rulemaking regarding the reconsideration of the Personal Financial Data Rights rule under Section 1033 of the Dodd-Frank Act. In the letter, ABA commends the CFPB’s leadership for recognizing the need to revise the November 2024…
ABA: New Survey Finds Americans Highly Value Their Credits Cards, Oppose Policy Changes that Threaten Card Reward Programs
A new survey conducted by Morning Consult on behalf of the American Bankers Association found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their cards’ rewards programs. The survey, unveiled on the second day of ABA’s 2025 Annual Convention in Charlotte, N.C., also…
ABA: Officers and Board Elected for 2025-2026
Members attending the American Bankers Association’s annual convention in Charlotte, N.C. have elected new ABA officers and directors to serve on ABA’s board for the 2025-2026 association year. The new officers are: Beginning new terms on the ABA board are: The above board members will join ABA President and CEO Rob Nichols, who also serves…
ABA: First Independence Bank Chairman and CEO Kenneth Kelly Elected as New ABA Chair
The American Bankers Association today announced the election of Kenneth Kelly as its chair for the 2025-2026 association year at ABA’s annual convention held in Charlotte, N.C.. Kelly is chairman and CEO of First Independence Bank in Detroit, Michigan, one of the nation’s largest minority depository institutions. Since Kelly assumed leadership at First Independence Bank…
ABA: New National Survey Finds US Consumers Rank Banks Above Other Industries for Fraud Protection, Support Consistent Rules for Data Sharing
Poll also finds consumers are happy with their bank U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. By more than a 6-to-1 margin over the next closest industry, consumers chose banks (50%)…
Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management
The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ existing safety and soundness standards require all supervised institutions to have effective risk management commensurate with their size,…