ABA: Joint Bank Trade Statement Issued on Free and Fair Banking Executive Order
The American Bankers Association, Bank Policy Institute, Consumer Bankers Association and Financial Services Forum issued a statement today responding to President Donald Trump’s Executive Order to promote access to financial services in America. “Today’s Executive Order helps ensure all consumers and businesses are treated fairly, a goal the nation’s banks share with the Administration. It’s in…
FHFA: Allowable LIHTC Amount Doubled for Fannie Mae and Freddie Mac to Support Affordable Housing
Consistent with the One Big Beautiful Bill, U.S. Federal Housing Expands America’s Affordable Housing Supply in Rural and Underserved Communities Consistent with President Trump’s historic One Big Beautiful Bill, U.S. Federal Housing is expanding America’s affordable housing supply by doubling the amount that Fannie Mae and Freddie Mac can invest in safe and sound Low…
HUD: Disaster Aid and Financial Flexibility Delivered for Missouri Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Missouri to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, tornadoes and flooding from March 30 – April 8, 2025. “HUD serves every American and works alongside communities…
HUD: Disaster Aid and Financial Flexibilty Delivered for Iowa Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Iowa to supplement recovery efforts in the areas affected by the severe winter storm on March 19, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and businesses…
HUD: Disaster Aid and Financial Flexibility Delivered for Kansas Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Kansas to supplement recovery efforts in the areas affected by the severe winter storm, straight-line winds, flooding and wildfires from March 14-19, 2025. “HUD serves every American and works alongside communities to help…
HUD: Disaster Aid and Financial Flexibility Provided for Nebraska Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Nebraska to supplement recovery efforts in the areas affected by the severe winter storm and straight-line winds from March 18-19, 2025. “HUD serves every American and works alongside communities to help rebuild homes,…
FDIC: Board of Directors Approve Notice of Proposed Rulemaking on the Establishment and Relocation of Branches and Offices
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking to streamline the processes for the establishment and relocation of domestic branches and offices. The proposed rule is intended to improve the speed and certainty of, and reduce the regulatory burden associated with, the filing process under 12 CFR…
ABA: U.S. Farm Banks Deliver Strong Growth and Stability in 2024, Reinforce Vital Role in Agricultural Credit
The American Bankers Association today released its annual Farm Bank Performance Report highlighting the critical role farm banks played in supporting U.S. agriculture in 2024. Despite continued challenges from global uncertainty and lingering supply chain disruptions, farm banks posted solid financial performance, improved asset quality and increased lending to America’s farmers and ranchers. The U.S. banking industry…
SBA: Center of Faith Launched Including Removal of Ban on Disaster Relief for Faith Organizations
Today, the U.S. Small Business Administration (SBA) launched its Center for Faith to empower faith-based businesses, community organizations, and houses of worship with access to capital, counselling, and government contracting opportunities. As part of its commitment to ending federal discrimination against religious entities, the agency is also eliminating a regulation, previously upheld by the Biden…
OCC: References to Disparate Impact Removed from OCC “Fair Lending” Booklet and No Longer Included in Examinations
The Office of the Comptroller of the Currency (OCC) has removed references to supervising banks1 for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has commenced removing references in other issuances. Concurrently, the OCC has instructed its examiners that they should no longer examine for disparate impact. Note for Community Banks The OCC’s…