FEMA: President Donald J. Trump Approves Major Disaster Declaration for Oregon
FEMA announced that federal disaster assistance is available to the state of Oregon to supplement recovery efforts in the areas affected by severe storms, straight-line winds, flooding, landslides and mudslides from December 15-21, 2025. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a…
HUD: More Than $1.1 Billion Investment Unveiled for Affordable Housing Initiatives in Tribal Communities
The Department of Housing and Urban Development’s (HUD) Office of Native American Programs today announced more than $1.1 billion in Indian Housing Block Grant (IHBG) funding for eligible American Indian Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to support affordable housing projects in nearly 600 Tribal communities. “HUD is fully committed to…
FDIC: Supervisory Guidance on Multiple Re-Presentment NSF Fees Rescinded
Summary: On June 16, 2023, the FDIC issued a Financial Institution Letter (FIL-32-2023) titled FDIC Clarifying Supervisory Approach Regarding Supervisory Guidance on Multiple Re-Presentment NSF Fees. This guidance described the FDIC’s supervisory approach relating to supervised institutions assessing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. The FDIC is rescinding FIL-32-2023…
Treasury: New Rules Proposed to Prevent Abuse of Community Development Financial Institutions (CDFI) Fund Programs
The U.S. Department of the Treasury announced today that the CDFI Fund will issue rules concerning the treatment of CDFI Fund awards under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). The rules are intended to ensure compliance with federal law and that taxpayer-funded federal public benefits are not diverted to subsidize…
Census Bureau: New 2025 U.S. Population Estimates by Age and Sex Released
The U.S. Census Bureau today released a downloadable file containing estimates of the nation’s resident population by single year of age and sex as of July 1, 2025. In the coming months, the Census Bureau will release housing unit estimates for the nation, states, and counties, and population estimates for cities and towns. Future releases also include population estimates by…
EDA: U.S. Department of Commerce Invests $8.3 Million to Support Economic Development Projects in Three States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has invested $8.3 million to support economic development projects in three states. The awards are 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 EDA investments announced today are: “The Economic Development Administration is committed…
EDA: U.S. Department of Commerce Invests $4.9 Million in Disaster Supplemental Funding to Support Projects in States Impacted by Natural Disasters
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is investing $4.9 million in Disaster Supplemental funding to support economic development projects in states impacted by storms and natural disasters in 2023 and 2024. The EDA investments announced today are: “The Economic Development Administration supports infrastructure improvements designed to foster industrial revitalization as well as workforce development projects to help communities recover following storms and natural disasters,” said Deputy…
Treasury: Rule Proposed to Implement the GENIUS Act’s Requirements to Counter Illicit Finance
Promotes American Leadership in Payment Stablecoins Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule, which implements the GENIUS Act’s anti-money laundering…
Treasury: New Guidance Unlocks Economic Opportunity for Overlooked Communities Through Updated Opportunity Zones
The Working Families Tax Cuts Boosts Opportunity Zone Tax Incentive, Driving More Capital to Communities Across America The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released guidance for eligible communities across America to be designated as qualified opportunity zones (QOZs). Under President Trump’s Working Families Tax Cuts, the permanent renewal of the…
ICBA: ICBA and State Groups Urge FDIC to Reconsider Edward Jones Industrial Loan Company Approval
The Independent Community Bankers of America (ICBA) and 38 state banking associations urged the Federal Deposit Insurance Corporation to reconsider its decision to approve Edward Jones’s deposit insurance application to form a Utah-chartered industrial loan company. In a letter to the FDIC opens, ICBA and the state banking groups cited Edward Jones’s extensive network of more than…