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…
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: 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…
FHFA: US Federal Housing Requests Input on New Strategic Plan
Consistent with its statutory requirements and President Trump’s executive orders, U.S. Federal Housing is asking the public for feedback on its proposed Strategic Plan for FY 2026–2030. The new Plan proposes three strategic goals for the Agency: Input on the Plan is due by November 5, 2025, and should be submitted via the U.S. Federal…
SBA: Agency Delivers Record Capital to Small Businesses in FY25
America First agenda boosts small business optimism and growth Today, the U.S. Small Business Administration (SBA) announced that it will close Fiscal Year (FY) 2025 with the most capital ever delivered to small businesses thanks to a surge in demand and confidence under the leadership of President Donald J. Trump. In total, the agency has guaranteed 84,400…
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: Bank Economists See Slower Growth and Persistent Inflation
The American Bankers Association’s Economic Advisory Committee expects continued slow U.S. economic growth for the remainder of 2025 and a modest pickup in 2026. The group’s latest forecast released today indicates inflation will remain stubbornly high and above the Federal Reserve’s 2% inflation target. The committee, composed of 16 chief economists from some of North…
ICBA: ICBA Urges FDIC to Reject Applications Under Industrial Loan Company Loophole to Prevent Risks to Consumers
The Independent Community Bankers of America (ICBA) today told the Federal Deposit Insurance Corporation (FDIC) that it has a statutory duty to reject the applications of industrial loan companies (ILCs) that pose undue risks to the Deposit Insurance Fund and that fail to serve the convenience and needs of their communities. In a comment letter responding to…