HUD: $4 Million in DEI Contracts Canceled
Today, HUD Secretary Scott Turner cancelled $4 million in contracts promoting “diversity, equity, and inclusion” (DEI). This savings for the American taxpayer was found by the HUD DOGE Task Force and is part of the department’s larger $260 million review of all contract expenditures. The terminated contracts were intended for “DEI culture transformation,” including outward mindset…
CDFI Fund: FY 2025 Housing Production-Financial Assistance (HP-FA) Application Now Available
As part of the fiscal year (FY) 2025 Application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) that opened on January 16, 2025, the Community Development Financial Institutions Fund (CDFI Fund) is inviting Applicants to compete for approximately $100 million in Housing Production-Financial Assistance (HP-FA) Awards. …
FDIC: Upcoming Webinar Scheduled on “Empowering Youth: Using the FDIC Reality Fair Toolkit to Build Real-World Financial Skills”
The FDIC will host a webinar to showcase the Guide to Organizing Reality Fairs (PDF) and other financial education resources. These resources are designed to help schools and youth-serving organizations empower young people with essential financial skills to plan for their future. Reality Fairs are simulations of an adult’s financial life that provide an interactive experience for…
ABA: Survey Finds that 53% of Banks are Satisfied with Their Core Platform Provider
Despite low satisfaction only 1-in-5 expect to switch providers A new American Bankers Association survey of banks and core platform providers released at ABA’s 2025 Conference for Community Bankers finds that just over half (53%) of bankers are “extremely” or “somewhat” satisfied with their core platform provider, the critical outside vendors that typically provide the technology backbone…
FEMA: President Trump Approves Emergency Declaration for Kentucky
FEMA announced today that federal disaster assistance is available to the Commonwealth of Kentucky to supplement response efforts to the emergency conditions in the area affected by severe storms, straight-line winds flooding and landslides beginning on Feb. 14 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused by the emergency on the local…
ABA: ABA and 52 State Bankers Associations Urge Congress to Repeal CFPB’s Overdraft Rule
In a new letter sent to lawmakers in the House and Senate today, the American Bankers Association joined 52 state bankers associations in expressing strong support for the resolution of disapproval introduced by Senate Banking Committee Chairman Tim Scott (R-S.C.) and House Financial Services Committee Chairman French Hill (R-Ark.) that would invalidate the CFPB’s final rule on…
ABA: Leading Financial Groups Commend Lawmakers for Taking First Step to Overturn Misguided CFPB Overdraft Rule
Leading financial groups that represent banks and credit unions of all sizes today sent letters Senate Banking Committee Chair Tim Scott (R-S.C.) and House Financial Services Committee Chair French Hill (R-Ark.) in support of their respective Congressional Review Act resolutions to invalidate the Consumer Financial Protection Bureau’s (CFPB) overdraft rule. As outlined in the letter,…
Sentors Scott, Hill Lead Effort to Roll Back CFPB Overdraft Rule
Senate Banking Committee Chairman Tim Scott (R-S.C.) and House Financial Services Committee Chairman French Hill (R-Ark.) today introduced Congressional Review Act (CRA) resolutions to overturn the Biden administration’s Consumer Financial Protection Bureau’s (CFPB) final rule capping overdraft fees at banks and credit unions. The committee leaders cited the rule’s impact on access to important financial…
HUD: HUD Secretary Turner Launches DOGE Task Force to Eliminate Waste, Fraud and Abuse
The U.S. Department of Housing and Urban Development (HUD) will launch a U.S. Department of Government Efficiency (DOGE) Task Force to review how HUD is spending American taxpayer dollars. The task force will be composed of HUD employees who will examine how to best maximize the agency’s budget and ensure all programs, processes and personnel…
ABA: Statement on Nominations of Jonathan Gould as Comptroller of the Currency and Jonathan McKernan as CFPB Director
“We congratulate Jonathan Gould on his nomination to serve as comptroller of the currency. His prior experience at the OCC – as well as his time as a top staffer on the Senate Banking Committee and as a financial regulatory attorney – will serve him well as the agency continues its important mission to promote…