Federal Reserve: Chairs and Deputy Chairs of the 12 Federal Reserve Banks Announced for 2025
The Federal Reserve Board on Monday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2025. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as Chair and a…
ABA: ABA and BAFT Announce Plans for Separation in 2025
The American Bankers Association (ABA) and BAFT, the leading global financial services association for international transaction banking and an ABA subsidiary, today announced their mutually agreed upon plans to separate in the second half of 2025. While ABA and BAFT have worked together successfully since 2002, BAFT’s global footprint and overseas opportunities have expanded in…
HUD: Financing Flexibility Increased for Multifamily Affordable Housing Development
Updates to Federal Housing Administration (FHA) Multifamily Mortgage Insurance helps lenders and developers increase the supply of affordable rental housing in America. The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA), announced updated requirements for several of its multifamily mortgage insurance programs. During the Biden-Harris Administration, FHA has prioritized…
Federal Reserve: Michael S. Barr to Step Down as FRB Vice Chair for Supervision on February 28th but Will Continue to Serve as Governor
The Federal Reserve Board announced on Monday that Michael S. Barr will step down from his position as Federal Reserve Board Vice Chair for Supervision, effective February 28, 2025, or such earlier time as a successor is confirmed. Barr will continue to serve as a member of the Federal Reserve Board of Governors. Barr, who…
ABA: American Bankers Association Launches Yearlong Campaign Celebrating 150th Anniversary
In honor of the American Bankers Association’s 150th anniversary in 2025, ABA today kicked off a yearlong celebration of this milestone moment for the nation’s largest and oldest banking trade association. Among other anniversary initiatives, ABA launched a new 150th anniversary webpage with an interactive timeline tracing key moments and accomplishments over ABA’s long and proud history…
HUD: Federal Government Announces Significant Efforts to Reduce Homelessness
New partnerships and funding aim to expand housing resources, improve services, and end veteran homelessness The Biden-Harris Administration announced a series of measures to address homelessness across the country, reaffirming the Administration’s commitment to ensuring all Americans have access to safe, stable housing. This includes updating regulations that streamline the repurposing of surplus federal properties…
HUD: Website Modernized to Enhance User Experience
Streamlined Trauma-Informed Design Improves Access to vital resources. Today, the U.S. Department of Housing and Urban Development (HUD) announces the completion of a transformative project to update webpages for all 50 states, territories, and the District of Columbia on HUD.gov. These updated pages feature a streamlined design and trauma-informed elements, making it easier for communities nationwide to…
SBA: Lending Network Strengthened with New Public-Private Partnerships Supporting Underserved Communities
Four New Small Business Lending Companies Authorized to Support America’s Entrepreneurs in Underserved Communities Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s more than 34 million small businesses in President Biden’s Cabinet, announced that the SBA has granted Small Business Lending Company (SBLC) licenses to four lending institutions committed…
FHFA: 2025 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
The annual list of objectives includes steps for the Enterprises to better manage risk, support market improvements, and facilitate enhanced resilience of the nation’s housing stock The Federal Housing Finance Agency (FHFA) released today the 2025 Scorecard for Fannie Mae and Freddie Mac (the Enterprises), establishing an array of objectives for them to operate safely…
OCC: Annual Report for 2024 Issued
The Office of the Comptroller of the Currency (OCC) today published its 2024 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. The report highlights the OCC’s work to advance…