HUD: Secretary Turner Applauds President Trump for Cutting Red Tape, Restoring Housing Affordability, and Increasing Access to Home Loans
HUD Attacks Barriers to Building Homes and Mortgage Credit Secretary Scott Turner applauds President Trump’s Executive Orders (EO), “Removing Regulatory Barriers to Affordable Home Construction” and “Promoting Access to Mortgage Credit.” The first EO terminates burdensome regulations that stall housing construction, deplete supply, and increase housing costs for hardworking American families. The second reduces regulatory…
ABA: ABA Applauds Executive Order on Mortgage Lending
“We applaud today’s White House executive order to expand bank participation in mortgage lending and give more Americans the chance to own a home. The proposed regulatory changes would help remove some of the significant obstacles preventing many banks, especially community banks, from being able to fully participate in the mortgage market. ABA supports policy…
ICBA: ICBA Commends Trump Administration for Executive Order to Help Community Banks Promote Housing Affordability
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s executive order directing regulatory reforms that will help community banks promote housing affordability. “ICBA and the nation’s community bankers commend the Trump administration for today’s executive order promoting access to mortgage credit. Directing federal regulators to…
HUD: Agency Appeals Judicial Decision to Shift Homelessness Paradigm
Rejects Subsidized Drug Use, Half-Million Dollar Salaries, and Lifelong Handouts The Department of Justice (DOJ) on behalf of the Department of Housing and Urban Development (HUD) is appealing the Federal District Court of Rhode Island’s preliminary injunction. The injunction denies HUD the ability to award homelessness grants under its policies that protect homeless individuals from…
CDFI Fund: Public Comment Sought on the Bank Enterprise Award Program Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
ABA: New Survey Finds Americans Want Fintechs to Follow Bank Rules, Support Protecting Local Lending from Stablecoin Risks
Morning Consult poll also shows consumers find credit card marketplace highly competitive, are wary of credit card price controls A new survey conducted by Morning Consult on behalf of the American Bankers Association found that consumers want nonbank fintech companies to follow the same rules as banks. More than 8 in 10 (84%) agree that any business…
ICBA: 2026-27 Executive Committee Announced, West Virginia Banker Elected Chairman
The Independent Community Bankers of America (ICBA) today announced the election of its 2026-27 executive committee during the 2026 ICBA LIVE national convention in San Diego. Alice P. Frazier, president and CEO of Potomac Bank in Charles Town, W. Va., was elected ICBA chairman and will serve as chairman of the ICBA Executive Committee and…
SBA: Agency Bans Foreign Nationals from Accessing SBA-Backed Loans
Agency reserves federally guaranteed lending for American citizens Today, in the effort to prioritize American job creators, the U.S. Small Business Administration (SBA) issued a new policy notice to ban foreign nationals and non-citizens from accessing SBA-guaranteed small business loans. The latest notice, which applies to the agency’s Surety Bond and Microloan Programs, builds on the policy change implemented earlier this month –…
Banking Agencies Clarify the Capital Treatment of Tokenized Securities
The federal bank regulatory agencies today jointly issued answers to frequently asked questions to clarify the capital treatment of tokenized securities. A security is often referred to as “tokenized” when ownership rights in the security are represented using distributed ledger technology. The answers to the frequently asked questions clarify that an eligible tokenized security should…
CDFI Fund: Public Comment Sought on Opportunity Zone Nomination Tool
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites state government officials—such as State Chief Executive Officers—and members of the general public to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI…