SBA: SBA and Department of Labor Sign MOU to Support Domestic Manufacturing
Enhanced collaboration will cultivate pipeline of skilled workers, restore American industrial dominance Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Labor (DOL) signed a memorandum of understanding (MOU) to support American manufacturing. The agreement, which will enhance collaboration and data-sharing across key programs, is designed to cultivate a pipeline of skilled workers while also promoting…
Agencies Issue Joint Proposal to Rescind 2023 Community Reinvestment Act Final Rule
Federal bank regulatory agencies today jointly issued a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and replace it with the prior CRA regulations that were originally adopted by the agencies in 1995, with certain technical amendments. If adopted, the proposal would restore certainty in the CRA framework for…
FDIC: Board of Directors Approve Notice of Proposed Rulemaking on the Establishment and Relocation of Branches and Offices
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking to streamline the processes for the establishment and relocation of domestic branches and offices. The proposed rule is intended to improve the speed and certainty of, and reduce the regulatory burden associated with, the filing process under 12 CFR…
FDIC: Board of Directors Propose to Establish Office of Supervisory Appeals
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal that would amend the agency’s Guidelines for Appeals of Material Supervisory Determinations. Through this proposal, the FDIC would replace the existing Supervision Appeals Review Committee (SARC) with an independent, standalone office within the FDIC, known as the Office of Supervisory Appeals (Office)….
FDIC: Agency Proposes Regulatory Threshold Adjustments and Indexing to Reflect Inflation for Certain Regulations
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking (NPR) that would update certain regulatory thresholds to reflect historical inflation, including those under 12 CFR part 363 related to annual independent audit and reporting requirements, and adjust those thresholds in the future based on a proposed indexing methodology. FDIC…
OCC: Jonathan V. Gould Takes Office as the 32nd Comptroller of the Currency
Jonathan V. Gould today became the 32nd Comptroller of the Currency, after being sworn into the office by Dr. Michael Faulkender, Deputy Secretary of the U.S. Treasury. President Donald J. Trump nominated Mr. Gould on February 11, 2025, and the U.S. Senate confirmed him on July 10, 2025. Mr. Gould takes over from Rodney E….
ABA: U.S. Farm Banks Deliver Strong Growth and Stability in 2024, Reinforce Vital Role in Agricultural Credit
The American Bankers Association today released its annual Farm Bank Performance Report highlighting the critical role farm banks played in supporting U.S. agriculture in 2024. Despite continued challenges from global uncertainty and lingering supply chain disruptions, farm banks posted solid financial performance, improved asset quality and increased lending to America’s farmers and ranchers. The U.S. banking industry…
Census Bureau: New Estimates From the National Experimental Well-Being Statistics Project Released
The U.S. Census Bureau today released new estimates from its National Experimental Well-Being Statistics (NEWS) project. NEWS is a research-driven project with the goal to improve how the Census Bureau measures income and poverty. NEWS does this by exploring new methods for creating these economic “well-being” indicators by looking back at data collections from previous years, using…
SBA: Center of Faith Launched Including Removal of Ban on Disaster Relief for Faith Organizations
Today, the U.S. Small Business Administration (SBA) launched its Center for Faith to empower faith-based businesses, community organizations, and houses of worship with access to capital, counselling, and government contracting opportunities. As part of its commitment to ending federal discrimination against religious entities, the agency is also eliminating a regulation, previously upheld by the Biden…
Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping
Federal bank regulatory agencies today issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The statement highlights for banks potential risk-management considerations related to holding crypto-assets on their customers’ behalf, or crypto-asset safekeeping. The joint statement discusses existing risk-management principles that apply to crypto-asset safekeeping and reminds…