OCC: Acting Comptroller Encourages Innovation to Foster Financial Inclusion
Acting Comptroller of the Currency Rodney E. Hood today discussed financial inclusion in remarks at the National Community Reinvestment Coalition’s Just Economy Conference 2025. In his remarks, Mr. Hood encouraged innovative thinking to foster greater financial inclusion in economically disadvantaged communities for both consumers and small businesses, particularly using financial technology tools. He highlighted the…
HUD: Secretary Turner and DHS Secretary Noem Establish Partnership to End Illegal Alien Exploitation of Housing Programs
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of Homeland Security (DHS) Secretary Kristi Noem today signed the “American Housing Programs for American Citizens” Memorandum of Understanding (MOU), to end the wasteful misappropriation of taxpayer dollars to benefit illegal aliens instead of American citizens. As part of this new agreement, HUD…
OCC: Acting Comptroller Discusses Financial Inclusion
Acting Comptroller of the Currency Rodney E. Hood today discussed financial inclusion in remarks at the National Association of Hispanic Real Estate Professionals’ Homeownership and Housing Policy Conference. Mr. Hood’s written remarks in support of his presentation discussed the work of the OCC’s Project REACh to support affordable homeownership. Related Links
SBA: Agency-Wide Reorganization Announced
SBA will restructure to eliminate wasteful spending, restore mission of empowering small businesses Today, pursuant to EO 14210(Link is external), the U.S. Small Business Administration (SBA) announced its plans for an agency-wide reorganization. To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% –…
OCC: Agency Ceases Examinations for Reputation Risk
The Office of the Comptroller of the Currency (OCC) today announced that it will no longer examine its regulated institutions for reputation risk and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. Today’s actions support the OCC’s mission and its supervisory objectives to ensure that banks have appropriate and…
SBA: Dates Set for Free National Small Business Week Virtual Summit
Summit will feature educational workshops, networking opportunities and information about federal resources Today, the U.S. Small Business Administration and SCORE(Link is external), mentors to America’s small businesses and an SBA resource partner, set the dates for the 2025 National Small Business Week virtual summit. The free two-day online event will take place May 6 and 7 from 10 a.m. to…
SBA: 2025 National Small Business Week Program and Speciality Award Winners Announced
Administrator Loeffler to honor awardees at National Small Business Week ceremony in Washington, D.C. on May 5 Today, the U.S. Small Business Administration announced the national program and specialty award winners for SBA’s 2025 National Small Business Week, which will take place May 4-10, 2025. These awards recognize businesses and resource partners for their efforts in government contracting…
Federal Reserve: Statement by Governor Bowman on Accepting Nomination as Vice Chair for Supervision
Statement by Governor Michelle W. Bowman: I would like to express my thanks to President Trump for nominating me as the Vice Chair for Supervision. I am grateful for the continued faith and confidence he has placed in me to fulfill this vital role. If confirmed, I will promote a safe and sound banking system…
OCC: Fintech Business Model for a National Bank Conditionally Approved
The Office of the Comptroller of the Currency (OCC) today announced conditional approval of the application for financial technology (fintech) company SmartBiz Loans to change the business model of CenTrust Bank, N.A., Northbrook, Illinois, upon its acquisition of CenTrust Bank, N.A. Upon acquisition, CenTrust Bank, N.A. was renamed SmartBiz Bank, N.A. CenTrust further applied to…
HUD: Secretary Turner and DOI Secretary Burgum Announce Joint Task Force to Use Federal Lands for Affordable Housing
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of the Interior (DOI) Secretary Doug Burgum announced a Joint Task Force on Federal Land for Housing to identify underutilized federal lands suitable for residential development, streamline land transfer processes and promote policies that increase the availability of affordable housing. Read more in the…