SBA: Agency Launches Onshoring Portal to Help Small Business Identify U.S. Manufacturers and Producers
New Tool Connects Small Businesses to Network of more than 1 Million Domestic Suppliers Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), announced the launch of the Make Onshoring Great Again Portal, a free tool designed to help small businesses identify U.S. manufacturers and producers. With a database of more than 1 million American suppliers,…
ABA: ABA and 52 State Bankers Associations Strongly Oppose Attaching Credit Card Rate Caps to GENIUS Act
In a new letter to the Senate today, the American Bankers Association and 52 state bankers associations representing banks of every size expressed strong opposition to any effort to attach the 10 Percent Credit Card Interest Rate Cap Act as a poison-pill amendment to the unrelated GENIUS Act or any other legislative vehicle. The associations outlined why…
ABA: ABA and 52 State Bankers Associations to Senate: Durbin-Marshall Credit Card Mandate Should Not be Attached to GENIUS Act
In a new letter to the Senate today, the American Bankers Association and 52 state bankers associations representing banks of every size expressed strong opposition to the Durbin-Marshall credit card mandate being attached as an amendment to the GENIUS Act or any other legislative vehicle. The letter builds upon the chorus of strong and united industry opposition…
ABA: Financial Trades Express Strong Opposition to Misguided Durbin-Marshall Credit Card Mandate Being Attached to GENIUS Act
In a new letter sent to Majority Leader Thune, Minority Leader Schumer and the entire Senate 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…
FEMA: $360 Million Made Available to Communities to Increase Number of Trained Firefighters and Keep Communities Safe
Additional $36 Million to be Made Available for Research to Improve Firefighter Health and Safety Under the leadership of President Trump, states and localities will be empowered to manage disasters and emergencies. These fire grant programs align with that vision by helping communities build the response capabilities they need to keep their citizens and communities safe….
FDIC: Agency Rescinds 2024 Statement of Policy on Bank Merger Transactions and Reinstates Prior Policy
Summary: The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved the rescission of the agency’s 2024 Statement of Policy on Bank Merger Transactions (2024 Statement of Policy) and the reinstatement of the Statement of Policy on Bank Merger Transactions (Bank Merger Statement of Policy) that was in effect prior to 2024. As noted…
OCC: Deputy Comptroller for Community and Industry Relations Announced
The Office of the Comptroller of the Currency (OCC) today announced Andrew Moss as the Deputy Comptroller for Community and Industry Relations, effective June 2. “Andrew’s strong leadership, extensive experience in financial inclusion, and dedication to community and industry partnerships will strengthen the agency’s critical outreach and community development activities,” said Acting Comptroller of the…
SBA: Agency Overhauls Community Advantage Small Business Lending Company Loan Program for Underserved Commuities and Mission-Based Lenders
Agency Ends Expansion of “Mission Based” Community Advantage Loans Today, the U.S. Small Business Administration (SBA) announced an overhaul of the Community Advantage Small Business Lending Company (SBLC) program – a Biden-era program designed to grant government-backed 7(a) loans to “underserved communities” through “mission-based lenders.” As with other Biden-era schemes, lax oversight of the program has resulted…
HUD: More Than $10 Million Announced to House Families and Youth and Promote Self-Sufficiency
Funding Helps Keep Families Housed and Provides a Path to Housing Stability for Youth as part of National Foster Care Month Under the leadership of Secretary Scott Turner, the U.S. Department of Housing and Urban Development (HUD) awarded more than $10 million in Family Unification Program (FUP) voucher assistance funding for youth and families who…
HUD: Secretary Turner and DOI Secretary Burgum Visit Underutilized Federal Land for Affordable Housing Development in Southern Nevada
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of Interior (DOI) Secretary Doug Burgum visited Southern Nevada to further the discussion about increasing affordable housing opportunities through development of underutilized federal land. Secretary Turner and Secretary Burgum were welcomed by Nevada Governor Joe Lombardo and Representative Mark Amodei (R-N.V.)….