HUD: Agency Leads Interagency Rescission of 2022 Statement on Special Purpose Credit Programs
Advancing fair housing and equal treatment under the law Today, the Department of Housing and Urban Development (HUD), the Consumer Financial Protection Bureau (CFPB), the Department of Justice (DOJ), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance…
Agencies Rescind 2022 Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
Summary: On August 25, 2026, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau, the Department of Housing and Urban Development, the Department of Justice, and the Federal Housing Finance Agency (collectively, the agencies) issued a Federal Register notice to rescind the 2022 Interagency…
FHFA: U.S. House Prices Rise 2.1 Percent Year Over Year; Up 0.3 Percent Quarter Over Quarter
U.S. house prices rose 2.1 percent between the second quarter of 2025 and the second quarter of 2026, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2026 rose 0.3 percent compared to the first quarter of 2026. FHFA’s seasonally adjusted monthly index for June remained unchanged from May….
EDA: U.S. Department of Commerce Invests $9.5 Million to Support Economic Development Projects in Four States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $9.5 million in awards for projects in four states. The awards were provided through EDA’s Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The awards announced today are:…
CDFI Fund: Agency Welcomes a New Director
Today, the U.S. Department of the Treasury announced Chris Miller as the Director of the Community Development Financial Institutions (CDFI) Fund. “I am honored to serve as a presidential appointee and Director of the CDFI Fund, bringing my industry experience in community development finance to this important role,” said Mr. Miller. “I look forward to…
SBA: Agency and Department of Energy Partner to Advance President Trump’s American Energy Dominance Agenda
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Energy (DOE) announced a Memorandum of Agreement (MOA) establishing a strategic partnership to advance President Donald J. Trump’s American energy dominance agenda. Signed by SBA Administrator Kelly Loeffler and Energy Secretary Chris Wright at an event today in Pennsylvania, the agreement establishes the Small Business Investment Company-Energy…
FDIC: Second Federal Savings and Loan Association of Philadelphia Assumes All Deposits of Tioga-Franklin Savings Bank, Philadelphia
Tioga-Franklin Savings Bank in Philadelphia was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Second Federal Savings and Loan Association of Philadelphia to assume all deposits and purchase substantially all assets of Tioga-Franklin Savings Bank. As…
SBA: Proposed Rule Issued to Overhaul & Simplify Small Business Classification & Expand Access to Federal Programs
Size standard proposal would increase small business count by over 110,000 Today, the U.S. Small Business Administration (SBA) proposed a comprehensive overhaul of its small business size standards, modernizing how the federal government defines and classifies small businesses across the United States. Published in a proposed rule, the new standards would simplify industry categorization and raise applicable size thresholds,…
OCC: Comptroller Gould Discusses Digital Asset Innovation & GENIUS Next Steps
Comptroller of the Currency Jonathan V. Gould today discussed the Office of the Comptroller of the Currency’s (OCC) work under the leadership of President Donald J. Trump and U.S. Secretary of the Treasury Scott Bessent to support the Administration’s efforts to grow the economy and lead the global digital currency revolution, in a Fireside Chat…
EDA: U.S. Department of Commerce Invests $28.5 Million in Disaster Supplemental Funding to Support Economic Development Projects in Five States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $28.5 million in Disaster Supplemental funding awards to five states, which were impacted by storms and natural disasters in 2023 and 2024. The EDA awards announced today are: “The Disaster Supplemental Grant Program supports American communities recovering from major disasters and puts them on…