ABA: Foundation Launches Guide to Help Nonprofits Sustain Bank Partnerships
The American Bankers Association Foundation today released a new resource designed to help nonprofits build and sustain successful partnerships with banks based on shared goals, mutual respect and measurable impact. The new guide, The Power of Collaboration 2.0: Steps for Nonprofits to Build and Sustain Partnerships with Banks, is the second resource in the ABA Foundation’s Power…
FEMA: President Trump Approves Emergency Declaration for Texas
FEMA announced today that federal disaster assistance is available to the state of Texas to supplement state, tribal and local response efforts due to the emergency conditions resulting from flooding beginning on July 12, 2026, and continuing. The President’s action authorizes FEMA to coordinate all federal disaster relief efforts to alleviate the hardship and suffering caused…
FDIC: The Farmers State Bank of Oakley, KS Assumes All Deposits of Small Business Bank, Lenexa, KS
Small Business Bank in Lenexa, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with The Farmers State Bank of Oakley, Kansas, to assume substantially all deposits and purchase certain assets of Small Business Bank. …
Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations
The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials on-site rather than transferring them onto agency systems. The statement discusses a coordinated approach to identifying highly sensitive data and documents and discusses enhanced…
ABA: Officers Nominated for 2026-2027
The American Bankers Association’s Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City. The committee, chaired by John C. Asbury, chief executive officer, Atlantic Union Bankshares Corp., Richmond, Va., nominated the following candidates for ABA officer positions:…
FEMA: $600 Million Announced to Help Communities Reduce Flood Risk
Mitigation activities save lives and reduce the cost of future disasters Today, the Federal Emergency Management Agency (FEMA) announced a new $600 million funding opportunity for states, territories and Tribal Nations to make their communities safer from flooding. FEMA is making this funding available through the Fiscal Year 2026 Flood Mitigation Assistance Swift Current funding…
CDFI Fund: Beware of Fraud Attempts Using Fictitious CDFI Fund Communications and Accounts
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) would like to make the public aware of fraudulent social media profiles, email accounts, text messages, and phone numbers that attempt to impersonate or otherwise associate themselves with the CDFI Fund. Although the precise platforms and messages vary, these imposters provide false…
Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the…
CDFI Fund: Important Update for FY 2026 Small Dollar Loan Program Funding Round Applicants
The CDFI Fund has released updated application support materials for Fiscal Year (FY) 2026 Small Dollar Loan Program (SDL Program) applicants. The FY 2026 Small Dollar Loan Program AMIS Application Training Manual, updated July 10, 2026, is now available. The manual has updated instructions for launching a FY 2026 SDL Program Application and completing the Application Financial Data tables in…
ABA: ABA, ICBA Join State Associations in Urging Senate to Strengthen Stablecoin Yield Provisions in Clarity Act
In a new letter to Senate Majority Leader John Thune and Minority Leader Charles Schumer today, the American Bankers Association and Independent Community Bankers of America joined 76 state associations representing thousands of community financial institutions across the country expressing genuine concerns with the Clarity Act and urging targeted changes to provide greater certainty that payment stablecoins…