ICBA: ICBA Reiterates Strong Concerns with Federal Reserve Payment Account Proposal
The Independent Community Bankers of America (ICBA) today expressed strong concerns with the Federal Reserve Board’s proposed special-purpose payment accounts for nonbank financial institutions and urged the agency to ensure any such program is temporary. “The Federal Reserve’s proposed payment account for eligible nonbank institutions continues to face an inescapable problem: the Fed shouldn’t extend…
EDA: U.S. Department of Commerce Announces $34.2 Million in Disaster Recovery Awards for North Carolina
Today, Paul M. Dabbar, U.S. Deputy Secretary of Commerce, announced $34.2 million in Disaster recovery awards for North Carolina, provided by the U.S. Department of Commerce’s Economic Development Administration (EDA). U.S. Representative Chuck Edwards (NC-11); Ben Page, EDA Deputy Assistant Secretary and Chief Operating Officer; and EDA grantees joined him at the announcement, at the…
OCC: Comptroller Gould Highlights OCC’s Financial Literacy Efforts at Financial Literacy and Education Commission Meeting
Comptroller of the Currency Jonathan V. Gould today highlighted the OCC’s efforts to expand financial literacy, support responsible innovation, and provide consumers with practical educational resources in remarks at the Financial Literacy and Education Commission meeting. Excerpts from Comptroller Gould’s remarks are below. His full statement can be found here. Supporting responsible innovation and digital financial…
CFPB: Deputy Director Mark Paoletta Shares Remarks at the Financial Literacy and Education Commission
“Good afternoon. I want to thank Secretary Bessent and the staff of the Treasury Department for convening this meeting, and for their leadership on digital financial literacy. Under the superb leadership of Acting Director Vought, the CFPB is advancing the Trump Administration’s expansive efforts to improve financial literacy and increase early access to financial empowerment…
Treasury: FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. Today’s action is the latest in Treasury’s efforts, led by President Trump and Vice President Vance, to eliminate government…
ABA: ABA & CBA Urge Federal Reserve to Strengthen Safeguards for Proposed Payment Accounts
The American Bankers Association and Consumer Bankers Association today submitted a joint comment letter supporting the Federal Reserve’s proposed Payment Account framework as a prudent approach to responsible innovation if additional safeguards are adopted to protect the safety, soundness and integrity of the U.S. payments system. The associations said the proposal represents a measured approach to expanding…
HUD and Census Bureau: New Residential Sales Report for June 2026 Released
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for June 2026: New Home SalesSales of new single-family houses in June 2026 were at a seasonally-adjusted annual rate of 628,000, according to estimates released jointly today by the U.S. Census Bureau and the…
HUD and Census Bureau: New Residential Sales Report in June 2026 Issued
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for June 2026: New Home SalesSales of new single-family houses in June 2026 were at a seasonally-adjusted annual rate of 628,000, according to estimates released jointly today by the U.S. Census Bureau and the…
Census Bureau: New Data Tables Released From Household Trends and Outlook Pulse Surve
The U.S. Census Bureau today released new data tables about U.S. employment, housing (energy expenses), mental health, social connectedness and other topics from the Household Trends and Outlook Pulse Survey (HTOPS). In addition to data tables, the release includes a new infographic highlighting U.S. arts and entertainment activities. These data – collected from a sample of about 136,000 households…
SBA: $9 Million in Grant Funding Announced for the Supply Chain Acceleration and Logistics Enablement (SCALE) Program
Funding will help small firms scale production and support strategic priorities Today, the U.S. Small Business Administration (SBA) announced it is seeking proposals for a new funding competition as part of the Supply Chain Acceleration and Logistics Enablement (SCALE) Program, which will award 20 grants of up to $500,000 each over a two‑year period of performance. The…