FDIC: Board Approves Proposal to Amend Regulations Regarding Lending Limits for Bank Insiders
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking that would raise and index thresholds for certain lending limits for executive officers and other insiders of FDIC-supervised institutions. The proposed rule seeks to ensure that the FDIC’s lending thresholds to insiders align with those proposed by the Board of…
SBA: Agency Celebrates 73rd Anniversary with New SBA.gov; Streamlines Capital and Resources for Small Businesses and Manufacturers
New website realigns agency with its founding mission to power U.S. innovation, production, and Main Street job creators Today, on the 73rd anniversary of the Small Business Act of 1953, the U.S. Small Business Administration (SBA) announced the official launch of its modernized website, SBA.gov, designed to streamline access to capital, counseling, and contracting. The transformation marks a…
ABA: ABA Testifies Before Senate Aging Committee on Protecting Seniors from AI-Generated Fraud
Association calls for coordinated action to combat growing threat of AI-enabled scams American Bankers Association Executive Vice President for Risk, Fraud and Cybersecurity Paul Benda will testify before the Senate Special Committee on Aging today on the growing threat of artificial intelligence-enabled scams and the need for a coordinated response to better protect older Americans…
Treasury: FinCEN Issues Alert on Fraud Schemes Targeting Federal Student Aid
Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. Today’s action is the latest in Treasury’s efforts, led by President Trump and Vice President Vance, to eliminate government…
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…