FDIC: First Bank & Trust Co., Duncan, OK Acquires Insured Deposits of The First National Bank of Lindsay, OK
The First National Bank of Lindsay, Lindsay, Okla., was closed today by the Office of the Comptroller of the Currency (OCC), which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with First Bank & Trust Co. Duncan, Okla., to assume the insured…
ABA: Bank Employees Across U.S. Celebrate 21st Annual Get Smart About Credit Day
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by educating teens and young adults about a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth financial education…
HUD: Agency Recognizes Domestic Violence Awareness Month, Reaffirming Commitment to Safe and Affordable Housing for Survivors
The agency highlights historic milestones and housing protections under the Violence Against Women Act, and critical actions taken to address gender-based violence In recognition of Domestic Violence Awareness and Prevention Month, proclaimed by President Biden in 2021, the U.S. Department of Housing and Urban Development (HUD) today issued a statement underscoring its continued dedication to support programs…
HUD: New Appointments Announced to Housing Counseling Federal Advisory Committee
Members announced today join group that advises HUD on best practices for building an effective housing counseling program. Today, the U.S. Department of Housing and Urban Development (HUD) announced the appointment of 11 members to its Housing Counseling Federal Advisory Committee. The Committee serves a critical advisory role to HUD by helping shape the direction…
HUD: Annual National Lead Poisoning Prevention Week Announced
HUD joins U.S. Environmental Protection Agency and Centers for Disease Control in week-long call to action to end childhood lead poisoning in America. The U.S. Department of Housing and Urban Development (HUD) announced plans to observe the 25th National Lead Poisoning Prevention Week (NLPPW), in partnership with the U.S. Environmental Protection Agency (EPA), and the…
ABA: Letter Sent to the NCUA Urging that the Public Deserves Greater Transparency in Credit Union-Bank Acquisitions
In a letter sent to National Credit Union Administration Chairman Todd Harper today, American Bankers Association President and CEO Rob Nichols commended the agency for its renewed focus on credit union transparency and urged it to require greater accountability from credit unions seeking to acquire banks. The NCUA has indicated it may issue a Notice of Proposed…
HUD: Agency Hosts “Next Generation of Housing Policy” Roundtable
On October 7 and 8th, HUD Acting Secretary Adrianne Todman hosted a “Next Generation of Housing Policy” roundtable to identify bold new actions, ideas, and policies to broaden HUD’s impact, boost the supply of housing, and lower housing costs. HUD invited leading scholars, who represent a diversity of perspectives, geographies and disciplines, to leverage their…
SBA: 14 New Awards Announced for Regional Innovation Cluster Network to Drive Nationwide Small Business Growth, Job Creation and Innovation
Awardees Will Serve as Hubs for Local Economies in BioTech, Cybersecurity, Smart Manufacturing, and Agriculture Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced the expansion of the SBA’s Regional Innovation Cluster (RIC) network with 14 new awards. These awards aim…
HUD: New Actions Announced to Improve HUD’s Handbook for the Management of Multifamily Affordable Homes
Process kicks off the first set of comprehensive updates to the Handbook since 1992 and will provide HUD-assisted property owners and managers with comprehensive guidance to better meet the needs of renters across America. The U.S. Department of Housing and Urban Development (HUD) today announced the start of its process to update the Multifamily Asset…
OCC: Bank Supervision Operating Plan for Fiscal Year 2025 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2025. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking…