OCC: Agency Notifies Congress of Incident Involving Email System
The Office of the Comptroller of the Currency (OCC) today notified Congress of a major information security incident, as required by the Federal Information Security Modernization Act. This finding is the result of internal and independent third-party reviews of OCC emails and email attachments that were subject to unauthorized access. On February 11, 2025, the…
CDFI Fund: CDFI Certification Application “Hot Topics” Webinar Scheduled for April 17th
The CDFI Fund’s monthly Certification webinars, which are intended to serve as a forum for potential CDFI Certification Applicants, Certified CDFIs, and other CDFI Certification stakeholders to ask questions and discuss CDFI Certification and the CDFI Certification process, have been scheduled for calendar year 2025. The webinars are open to the general public and do…
CDFI Fund: Updated Calendar Announced for CDFI Certification Monthly Webinars
Additional dates & subject matter briefings added to the calendar The Community Development Financial Institutions Fund’s (CDFI Fund’s) monthly Community Development Financial Institution (CDFI) Certification webinars are intended to serve as a forum for potential CDFI Certification Applicants, Certified CDFIs, and other CDFI Certification stakeholders to ask questions and discuss CDFI Certification and the CDFI…
Treasury: Meeting Held to Launch National Financial Literacy Month Collaboration
Today, U.S. Treasury Secretary Scott Bessent met with John Hope Bryant, Founder, Chairman, and CEO of Operation HOPE, to mark the start of National Financial Literacy Month and advance their shared commitment to financial empowerment for all Americans. The meeting centered on the Financial Literacy for All (FL4A) initiative—a national effort led by Bryant to…
ICBA: ICBA Celebrates Community Banks Strengthening Local Economies During Community Banking Month in April
In observance of Community Banking Month in April, the Independent Community Bankers of America (ICBA) is reminding Americans of the pivotal role community banks serve in bolstering local economies, supporting small businesses, and offering relationship-driven banking services. “Community banks fuel small businesses while building relationships that foster trust and support long-term growth in local communities…
OCC: Agency Promotes National Financial Literacy Month
The Office of the Comptroller of the Currency (OCC) recognizes April as National Financial Literacy Month and encourages national banks and federal savings associations (collectively, banks) to support efforts to improve the financial literacy and financial health of their customers. Banks can promote financial literacy by supporting high-quality financial literacy education and resources and by…
HUD: New Agency Website Debuts Focused on High-Quality, Streamlined Service to American Public
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today announced the launch of a new, streamlined HUD.gov website that prioritizes the needs of the American public. “Providing the best and highest quality service to rural, tribal and urban communities means that critical resources online should be streamlined, concise and user-friendly,” Secretary Turner said. “The…
OCC: Agency Withdraws Principles for Climate-Related Financial Risk Management for Large Financial Institutions
The Office of the Comptroller of the Currency (OCC) today withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions. “The principles providing guidance to banks for climate-related financial risk are overly burdensome and duplicative. The OCC’s existing guidance for banks to maintain a sound risk management framework applies…
FDIC: Process for Banks to Engage in Crypto-Related Activities Clarified
Today, the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-7-2025) that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities. The new guidance, which rescinds FIL-16-2022, clarifies that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval. The guidance affirms that FDIC-supervised institutions may…
SBA: Actions Initiated to Reverse Biden-Era Mismangement of Core 7(a) Lending Program
Waiver of $460M in Lender Fees Undermined Integrity of Program for Small Businesses and Taxpayers Today, as part of the work to reverse the gross financial mismanagement of the prior Administration, the U.S. Small Business Administration (SBA) announced it has restored lender fees to its 7(a) loan program. Waiving lender fees was one of the Biden-era practices that…