OCC: Fourth Quarter 2025 and First Quarter 2026 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2025 and the first quarter of 2026. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to…
Census Bureau: National 2024 Income, Poverty and Health Insurance Coverage Statistics Scheduled for Release
The U.S. Census Bureau will announce the findings of three reports estimating income, poverty and health insurance coverage in the United States at an online news conference next month. The reports – Income in the United States: 2024, Poverty in the United States: 2024, and Health Insurance Coverage in the United States: 2024 – provide national statistics…
SBA: Letter Issued to Lending Network Instructing Them to End Practice of Debanking
Agency Takes Decisive Action to Enforce President’s Directive to Stop Financial Discrimination Today, the U.S. Small Business Administration (SBA) sent a letter to its network of over 5,000 lenders instructing them to end politicized or unlawful banking practices. Pursuant to Executive Order 14331, “Guaranteeing Fair Banking for All Americans,” SBA is requiring all lenders to stop the practice…
FHFA: U.S. House Prices Rise 2.9 Percent Year Over Year; Unchanged Quarter Over Quarter
U.S. house prices rose 2.9 percent between the second quarter of 2024 and the second quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2025 remained unchanged compared to the first quarter of 2025. FHFA’s seasonally adjusted monthly index for June was down 0.2 percent from…
FHFA: U.S. Federal Housing Allows Fannie Mae and Freddie Mac to Approve Rocket Acquisition of Mr. Copper
Approval Must Adhere to Safety and Soundness Guardrails Today U.S. Federal Housing, in keeping with its statutory responsibilities as conservator of Fannie Mae and Freddie Mac (the Enterprises), allowed both Enterprises to approve Rocket Companies’ proposed acquisition of Mr. Cooper Group, subject to appropriate conditions to ensure the ongoing safety and soundness of Fannie Mae…
CDFI Fund: Certification Webinar Recording on Target Market Requirements Released
Last week, the Community Development Financial Institution Fund’s (CDFI Fund) Office of Certification Policy and Evaluation (OCPE) hosted a webinar focused Target Market Requirements on August 21st. The webinar recordings and presentation slides are now available on the CDFI Fund’s website. The Target Market webinar began with an overview of the different types of Target…
SBA: Disaster Relief Offered to New York Businesses, Private Nonprofits and Residents Affected by Severe Storms and Flooding
Low interest disaster loans now available The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans for New York businesses, private nonprofits, and residents affected by the severe storms and flooding occurring June 22, 2025. The SBA issued a disaster declaration in response to a request received from Gov. Kathy…
CFPB: Advanced Notice of Proposed Rulemaking on Personal Financial Data Rights Rule Issued
The Consumer Financial Protection Bureau (CFPB) is seeking comments and data to inform its consideration of four issues related to implementation of section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). These issues are: the proper understanding of who can serve as a “representative” making a request on behalf of…
Census Bureau: Webinar Scheduled for September 4th on 2024 American Community Survey 1-Year Estimates
The U.S. Census Bureau is scheduled to hold a prerelease webinar about the 2024 American Community Survey (ACS) 1-year estimates set to be publicly released Sept. 11, 2025. The webinar will explain how to access data and resources from the ACS, and provide tips for comparing geographies and statistics over time. The ACS provides a wide range of statistics about the…
ICBA: Statement Issued on the CFPB’s Proposed Rule to Implement Section 1033 Standards on Sharing Consumer Financial Data
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s Consumer Financial Protection Bureau proposed rule to implement Section 1033 of the Dodd-Frank Act. “As the CFPB considers a new proposed rule to implement Section 1033 standards on sharing consumer financial data, ICBA and the nation’s community…