FEMA: President Trump Approves Major Disaster Declaration for Texas
FEMA announced that federal disaster assistance is available to the state of Texas to supplement recovery efforts in the areas affected by severe storms, straight-line winds and flooding from July 2, 2025, and continuing. The President’s action makes federal funding available to affected individuals in Kerr County. Assistance can include grants for temporary housing and home…
ABA: Bank Economists Project Credit Conditions May Weaken for Consumers and Businesses Over the Next Six Months
Credit conditions are expected to soften over the next six months as businesses and consumers wait for greater clarity on the economic outlook especially trade policy, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for…
ICBA: New ICBA Polling Shows Public Support for Policy Efforts Targeting Check Fraud
Following federal banking regulators’ recently issued request for information on potential agency actions to address check fraud and other forms of payments fraud, the Independent Community Bankers of America (ICBA) today announced polling results showing Americans support policy efforts to take on the scourge of check fraud. According to ICBA polling conducted by Morning Consult in June: …
SBA: Agency Approves California Governor Newsom’s Disaster Declaration for Los Angeles
Federal Relief Mobilized to Address Estimated $1B in Damage from Violent Rioters Attacking Federal Law Enforcement Today, the U.S. Small Business Administration (SBA) announced approval of Governor Gavin Newsom’s long-overdue request for disaster relief in downtown Los Angeles, where he allowed pro-illegal alien riots to harm our brave ICE agents and destroy small businesses in the city….
OCC: Acting Comptroller of the Currency Discusses Importance of Homeownership
Acting Comptroller of the Currency Rodney E. Hood discussed homeownership as a pathway to financial inclusion and generational wealth in remarks at the Detroit REACh Homebuyers Fair, held in recognition of National Homeownership Month on June 28. In his remarks, Acting Comptroller Hood discussed the Office of the Comptroller of the Currency’s work to expand…
HUD and Census Bureau: New Residential Sales Report for May 2025 Issued
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2025: New Home SalesSales of new single-family houses in May 2025 were at a seasonally-adjusted annual rate of 623,000, according to estimates released jointly today by the U.S. Census Bureau and the…
OCC: New Report Highlights Key Risks in Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2025. The OCC reported that the strength of the federal banking system remains sound. Consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have increased…
ABA: ABA Expresses Strong Support for Treasury’s Effort to Increase Efficiency in the Payments System in New Letter
In a new letter to the Department of Treasury today, the American Bankers Association expressed strong support for the administration’s effort to increase the efficiency of the payment system while at the same time improving its security and providing an enhanced service to the public. The letter, written in response to the agency’s Request for Information regarding…