OCC: Comments Requested on Proposed Rescission of Its Recovery Planning Guidelines
The Office of the Comptroller of the Currency (OCC) today requested comment on a proposal to rescind its recovery planning guidelines for certain large insured national banks, federal savings associations, and federal branches (banks). Under the proposal, the recovery planning guidelines that went into effect January 1, 2025, and applied to banks with at least…
ICBA: Statement on Ending Goverment Shutdown Issued
The Independent Community Bankers of America (ICBA) issued the following statement on the federal government shutdown. “While the nation’s community banks continue working every day to support economic growth in the local communities they serve, the ongoing government shutdown threatens to harm economic growth and Main Street economies. ICBA and the nation’s community bankers encourage…
FEMA: President Trump Approves Major Disaster Declaration for Alaska
FEMA announced that federal disaster assistance is available to the state of Alaska to supplement recovery efforts in the areas affected by severe storms, flooding and remnants of Typhoon Halong during the period of Oct. 8-13, 2025. The President’s action makes federal funding available to affected individuals in the Lower Kuskokwim Regional Educational Attendance Area,…
FEMA: President Trump Approves Major Disaster Declaration for Nebraska
FEMA announced that federal disaster assistance is available to the state of Nebraska to supplement recovery efforts in the areas affected by severe storms, straight-line winds and flooding from August 8-10, 2025. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for…
FEMA: President Trump Approves Major Disaster Declaration for North Dakota
FEMA announced that federal disaster assistance is available to the state of North Dakota to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from Aug. 7-8, 2025. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
FEMA: President Trump Approves Major Disaster Declaration for Leech Lake Band of Ojibwe
FEMA announced that federal disaster assistance is available to Members of the Leech Lake Band of Ojibwe to supplement recovery efforts in the areas affected by severe storms and straight-line winds on June 21, 2025. The President’s action makes federal funding available to affected individuals and families of the Leech Lake Band of Ojibwe. Assistance can include…
Federal Reserve: Governor Barr Delivers Speech on “Supporting Investment in Communities: The First 25 Years of the New Markets Tax Credit”
Speech delivered by Governor Michael S. Barr at the 2025 Fall New Markets Tax Credit Conference, New Orleans, Louisiana Thank you for asking me to be part of this celebration of 25 years of the New Markets Tax Credit (NMTC) and also the historic achievement of its permanent extension.1 I consider the credit a great achievement…
SBA: State-Level Analysis Released of Shutdown Impact on Small Business Lending
With Core Lending Programs Frozen, Agency is Unable to Deliver $170 Million to 320 Main Street Businesses Each Day Today, the U.S. Small Business Administration released a state-level analysis of how small businesses have been impacted by the federal shutdown, which has frozen the agency’s core 7(a) and 504 small business lending programs. For fiscal year 2025…
ABA: ABA Calls on CFPB to Suspend Data Sharing Rule Compliance Dates and Undertake Major Revisions
The American Bankers Association today submitted a detailed comment letter in response to the Consumer Financial Protection Bureau’s Advance Notice of Proposed Rulemaking regarding the reconsideration of the Personal Financial Data Rights rule under Section 1033 of the Dodd-Frank Act. In the letter, ABA commends the CFPB’s leadership for recognizing the need to revise the November 2024…
ABA: New Survey Finds Americans Highly Value Their Credits Cards, Oppose Policy Changes that Threaten Card Reward Programs
A new survey conducted by Morning Consult on behalf of the American Bankers Association found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their cards’ rewards programs. The survey, unveiled on the second day of ABA’s 2025 Annual Convention in Charlotte, N.C., also…