OCC: Agency Releases Letter on Information Security Incident to Supervised Institutions
The Office of the Comptroller of the Currency (OCC) today publicly released a letter sent to its supervised institutions regarding unauthorized access to OCC email systems. The OCC provided public notice of the unauthorized access and its designation as a major information security incident on April 8, 2025. The OCC is committed to taking all actions to…
Agencies Take Action on Appraisal Requirements in Area Affected by California Wildfires and Straight-Line Winds
To help facilitate recovery efforts from wildfires and straight-line wind damage in Los Angeles County, California this year, four federal financial institution regulatory agencies today temporarily paused certain appraisal requirements for real estate-related transactions. This action is expected to allow banks and credit unions to work with families and businesses without obtaining an appraisal. Banks…
ABA: Trade Groups Welcome Court Decision Vacating CFPB’s Credit Card Late Fee Rule
The American Bankers Association, the U.S. Chamber of Commerce, Fort Worth Chamber of Commerce, Longview Chamber of Commerce, Consumer Bankers Association and Texas Association of Business issued the following statement after today’s ruling from the U.S. District Court for the Northern District of Texas approving our joint motion with the CFPB for consent judgment vacating…
HUD: Secretary Scott Turner Commemorates Fair Housing Month
Championing Faith, Freedom, and Fair Housing for all Americans U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today recognized April as Fair Housing Month, unveiling this year’s theme: “Faith, Freedom, & Fair Housing.” Secretary Turner marked the historical milestone with a message reaffirming HUD’s responsibility to uphold the Fair Housing Act and…
CFPB: Regulatory Relief Offered From Registration Requirements for Small Loan Providers
The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders, 89 Fed. Reg. 56028 (July 8, 2024) (codified at 12 CFR part 1092), it will not prioritize enforcement or supervision actions with regard to entities that do not…
Census Bureau: New U.S. Population Estimates by Age and Sex Released
The U.S. Census Bureau today released a downloadable file containing estimates of the nation’s resident population by sex and single year of age as of July 1, 2024, which is available at www.census.gov/programs-surveys/popest.html. In the coming months, the Census Bureau will release additional population estimates for cities and towns as well as population estimates by age, sex, race…
SBA: Agency Highlights Range of New Measures to Stop Fraud
Reforms will end loans to illegal aliens, children, and deceased Today, the U.S. Small Business Administration (SBA) highlighted several new verification measures within its loan application process to strengthen protections against fraud and ensure its programs only benefit eligible American small business owners. The changes were implemented with the help of the Department of Government Efficiency (DOGE),…
Treasury: Action Taken to Unleash Financial Sector and Unburden Small Businesses through Elimination of Unnecessary, Duplicative, and Costly Regulations
Today, the U.S. Department of the Treasury (Treasury), including the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN), will take immediate action to eliminate 15 rules and guidance materials. This is in addition to two rules recently rescinded by the Office of the Comptroller of the Currency (OCC). The rules range from…
ICBA: ICBA Applauds House Passage of Resolution to Overturn Flawed CFPB Overdraft Rule
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on House passage of a Congressional Review Act resolution to overturn the Consumer Financial Protection Bureau’s final rule on overdraft services. “ICBA and the nation’s community banks commend the House for passing this critical resolution to overturn the CFPB’s…
FEMA: President Trump Approves Major Disaster Declaration for Virginia
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Virginia to supplement recovery efforts in the areas affected by severe winter storms and flooding from Feb. 10-18, 2025. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…