CDFI Fund: First Awards for 2025 Announced to 56 Organizations Across US Who Will Receive Nearly $8.8 Million
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 56 organizations across the country will collectively receive nearly $8.8 million in Technical Assistance (TA) Awards under the fiscal year (FY) 2025 funding round. These awards reflect Treasury’s commitment to ensuring taxpayer dollars are used effectively and advancing economic…
ABA: California Banker Elected as Chair of ABA’s Community Bankers Council
The American Bankers Association has elected Jon Sisk as chair of ABA’s Community Bankers Council for the 2025-2026 association year. Sisk is executive vice president and chief banking officer of West Coast Community Bank. “Jon Sisk brings a deep understanding of community banking and a strong commitment to industry leadership,” said Rob Nichols, ABA president…
ABA: Trailblazers in Agricultural Banking Honored with Bruning and Blanchfield Awards
Recipients will be recognized for their leadership and contributions to ag lending at the 2025 ABA Agricultural Bankers Conference The American Bankers Association today announced the recipients of its highly regarded Bruning and Blanchfield Awards, the association’s premier awards presented annually for significant contributions to agricultural banking. ABA will honor Kathy Daily, managing director of…
White House: Office of Federal Procurement Policy and SBA Reinforce Small Business Participation in Federal Contracting
Today, the Office of Management and Budget’s Office of Federal Procurement Policy and other members of the FAR Council, in close consultation with the Small Business Administration (SBA), released streamlined regulatory coverage on small business contracting. Small businesses are the cornerstone of the U.S. economy. The nation’s 34 million small businesses now account for well…
HUD and Census Bureau: New Residential Sales Report Issued for August 2025
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2025: New Home SalesSales of new single-family houses in August 2025 were at a seasonally-adjusted annual rate of 800,000, according to estimates released jointly today by the U.S. Census Bureau and the…
Treasury: Readout and Recording from the Financial Literacy and Education Commission September 2025 Public Meeting on Payment Fraud Now Available
Yesterday, the U.S. Department of the Treasury hosted a convening of the Financial Literacy and Education Commission (FLEC) focused on federal efforts to combat payment fraud and implement Executive Order 14247, Modernizing Payments To and From America’s Bank Account, which mandates the transition to the use of electronic payments for federal disbursements and receipts beginning on…
FHFA: U.S. Federal Housing Completes Withdrawal from International “Greening the Financial System” Network
U.S. Federal Housing has formalized its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) in a letter to the Chair of NGFS. “Biden drove housing costs up with politicized nonsense that prioritized climate activists over American families,” said U.S. Federal Housing Director William J. Pulte. “Consistent with President…
ABA: Bank Economists Expect Credit Conditions to Face Continued Challenges over Next Six Months
Credit conditions are expected to soften over the next six months as the labor market weakens and inflation persists, according to the American Bankers Association’s latest Credit Conditions Index released today. ABA’s Credit Conditions Index is a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC)….
OCC: Mortgage Performance Report for Second Quarter 2025 Issued
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2025. The OCC Mortgage Metrics Report, Second Quarter 2025 showed that 97.5 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
ABA: ABA and State Bankers Associations Express Support for FDIC Indexing Proposal, Offer Recommendations in Joint Comment Letter
Today, ABA joined 52 state bankers associations from across the country in filing a joint comment letteron the FDIC’s proposal to begin indexing certain regulatory thresholds, applauding the FDIC’s effort to develop a sound and transparent framework while recommending methodological changes to ensure that indexing mechanisms are appropriately tailored to the nature and purpose of each…