HUD: Manhattan Housing Authority in Manhattan, KS Placed Under Federal Monitorship Following Substantial Default Declaration
The U.S. Department of Housing and Urban Development (HUD) announced that the Manhattan Housing Authority in Manhattan, Kansas has been placed under HUD Monitorship after being formally declared in Substantial Default for failing to comply with the terms of its federally-mandated Recovery Agreement. This action reflects Secretary Scott Turner’s commitment to staunchly enforcing accountability across…
ICBA: ICBA Applauds House Passage of Housing for the 21st Century Act
The Independent Community Bankers of America (ICBA) applauded the House of Representatives for today’s bipartisan passage of the Housing for the 21st Century Act (H.R. 6644), which includes ICBA-advocated community bank regulatory reforms and promotes housing affordability. “ICBA and the nation’s community banks strongly support the Housing for the 21st Century Act for its numerous…
ABA: ABA Applauds House Passage of Housing for the 21st Century Act
“ABA applauds the House for passing the Housing for the 21st Century Act, which includes measures that enhance housing opportunities across the country as well as several key provisions to help level the regulatory playing field for community banks. These measures provide regulatory and examination relief for smaller banks, incentivize the formation of new banks…
Treasury: Readout Published from the Financial Literacy and Education Commission 2026 Public Meeting
Today, the U.S. Department of the Treasury convened a public meeting of the Financial Literacy and Education Commission (FLEC) focused on implementation and outreach for Trump Accounts. U.S. Secretary of the Treasury Scott Bessent chaired the meeting and delivered opening remarks highlighting the opportunities Trump Accounts create by making every American child a shareholder and…
FDIC: Comment Period Extended on Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins
February 6, 2026 The Federal Deposit Insurance Corporation (FDIC) today announced a 90-day extension to the comment period on the agency’s notice of proposed rulemaking (NPR) that would implement the application provisions under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) for FDIC-supervised state nonmember banks and state savings associations seeking…
FEMA: President Trump Approves Major Disaster Declaration for Mississippi
FEMA announced that federal disaster assistance is available to the state of Mississippi to supplement recovery efforts in the areas affected by the severe winter storm on January 23-27, 2026. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the…
FEMA: President Trump Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance is available to the state of Tennessee to supplement recovery efforts in the areas affected by the severe winter storm from Jan. 22-27, 2026. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…
ABA: Foundation Releases New Ideas to Impact Report Showcasing Innovative Strategies to Strengthen Communities Nationwide
The ABA Foundation today unveiled Ideas to Impact: A Framework for Influencing Banking’s Next Century, a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial institutions can drive meaningful economic and community impact in the decades ahead. Developed as part of the Foundation’s 100th anniversary celebration in 2025, the report…
CDFI Fund: 2026 Transactional Level Report (TRL) Webinar Schedule Announced
The Community Development Financial Institutions Fund (CDFI Fund) will host a monthly Transaction Level Report (TLR) webinar. The TLR webinars are intended to serve as a forum for Certified and non-Certified Community Development Financial Institutions (CDFIs) to ask questions and discuss the TLR and its submission process. The sessions will cover the purpose of the…