Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the…
CDFI Fund: Important Update for FY 2026 Small Dollar Loan Program Funding Round Applicants
The CDFI Fund has released updated application support materials for Fiscal Year (FY) 2026 Small Dollar Loan Program (SDL Program) applicants. The FY 2026 Small Dollar Loan Program AMIS Application Training Manual, updated July 10, 2026, is now available. The manual has updated instructions for launching a FY 2026 SDL Program Application and completing the Application Financial Data tables in…
SBA: Small Businesses Now Eligible for $10 Million in SBA Financing
New SBA Policy Allows Borrowers to Combine 7(a) and 504 Loans to Double Available Capital Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration(SBA), announced that SBA borrowers may now combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, an increase from the previous cumulative loan limit of $5 million….
SBA: Final Disaster Relief Extension for January 2025 Los Angeles Wildfire Survivors Announced
Agency provides unprecedented access to a record $3.4 billion in low-interest loans to rebuild homes and small businesses Today, the U.S. Small Business Administration (SBA) announced a final extension of disaster relief deadlines for Los Angeles wildfire survivors, as local permitting obstacles and insurance disputes continue to prevent thousands of residents from rebuilding. This action gives approved SBA…
OCC: Mortgage Performance Report for First Quarter 2026 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2026. The OCC Mortgage Metrics Report, First Quarter 2026 showed that 97.7 percent of mortgages included in the report were current and performing at the end of the quarter, a slight…
CDFI Fund: FY 2026 Small Dollar Loan Program Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2026 funding round for the Small Dollar Loan Program (SDL Program) today. SDL Program funding is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. The SDL Program funding is…
FDIC: Notice of Proposed Rulemaking Issued on Disclosure of Information for Appropriate Business Purposes
On June 25, 2026, the FDIC Board of Directors approved a notice of proposed rulemaking that would amend the FDIC’s Rules and Regulations governing the disclosure of information. The proposed rule would provide insured depository institutions (IDIs) with more flexibility to share confidential supervisory information for appropriate business purposes. In addition, the proposed rule would…
CFPB: Agency Undertaking Efforts to Correct Flaws to Restore Integrity and Utility to the Consumer Complaint System
The consumer complaint portal has long been plagued by issues that severely limit its effectiveness in addressing consumers’ complaints and practical utility of its information. Recently, CFPB has taken multiple concrete actions to address these issues and is continuing its work, including with Credit Reporting Agencies, to increase effectiveness of the process, while aligning it…
FFIEC: 2025 Data on Mortgage Lending Reported Under HMDA Published
The Federal Financial Institutions Examination Council (FFIEC) recently published data on 2025 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4782 U.S. financial institutions. The Snapshot National Loan-Level Dataset released contains the national HMDA datasets as of June 1, 2026. The FFIEC released several data products to serve a variety of data users,…
HUD: Agency Slashes More Red Tape to Lower Costs and Improve Affordability
New Federal Housing Administration Single Family policy changes remove barriers and expand homeownership opportunities. HUD is announcing fourteen policy changes to its Federal Housing Administration (FHA) Single Family mortgage insurance program that lower costs, reduce regulatory burdens, and improve affordability for Americans seeking FHA-insured mortgages. The changes eliminate outdated requirements, reduce administrative burdens, and make…