ABA: ABA Testifies Before Senate Ag Committee on Risk Management, Credit and the Agricultural Economy
The American Bankers Association offered the banking industry’s views on risk management, credit and the agricultural economy in testimony before the Senate Committee on Agriculture today. Caleb Hopkins, current chair of ABA’s Agricultural and Rural Bankers Committee, testified on behalf of ABA. Hopkins, based in Halbur, Iowa, has worked in agricultural banking for 13 years, including the…
SBA: Made in America Manufacturing Initiative Announced
Effort will cut $100B in regulation, expand access to capital and create dedicated infrastructure to support blue-collar boom Today, U.S. Small Business Administration Administrator Kelly Loeffler announced the agency’s new Made in America Manufacturing Initiative to restore American economic dominance and national security by empowering small manufacturers. The agency’s effort will support President Trump’s agenda to create good-paying jobs,…
Agencies Issue 2024 Shared National Credit Program
Federal bank regulatory agencies today reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. However, the agencies noted weakened credit quality trends continue due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors. The agencies…
SBA: Administrator Loeffler Announces SBA Reforms to Put American Citizens First
SBA will require citizenship verification for loan applications, relocate regional offices out of sanctuary cities Today, U.S. Small Business Administration Administrator Kelly Loeffler announced a series of reforms to put American citizens first by ending taxpayer benefits for illegal aliens and moving SBA offices out of sanctuary cities. These actions support President Trump’s agenda to secure our…
ICBA: ICBA Strongly Supports Bipartisan ACRE Act Offering Lower-Cost Credit to Rural Americans
The Independent Community Bankers of America (ICBA) today expressed strong support for the introduction of the Access to Credit for our Rural Economy (ACRE) Act to support farmers, ranchers, and rural homeowners. The bipartisan bill introduced by Sens. Jerry Moran (R-Kan.) and Angus King (D-Maine) in the Senate and Reps. Randy Feenstra (R-Iowa) and Don…
FDIC: Guidance Issued to Help Financial Institutions and Facilitate Recovery in Areas of West Virginia Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of West Virginia affected by severe storms, straight-line winds, flooding, landslides, and mudslides. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of,…
FDIC: Guidance Issued to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, straight-line winds, flooding, landslides, and mudslides. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of,…
SBA: Administrator Loeffler Issues Memo on Day One Priorities
Outlines how SBA will become an America First engine for free enterprise Following her confirmation and swearing-in as the 28th Administrator of the U.S. Small Business Administration, Kelly Loeffler issued a Day One memo outlining her top priorities for the agency. “Small businesses are the backbone of our nation, driving innovation, job creation, and prosperity – and there’s…
ABA: Survey Finds that 53% of Banks are Satisfied with Their Core Platform Provider
Despite low satisfaction only 1-in-5 expect to switch providers A new American Bankers Association survey of banks and core platform providers released at ABA’s 2025 Conference for Community Bankers finds that just over half (53%) of bankers are “extremely” or “somewhat” satisfied with their core platform provider, the critical outside vendors that typically provide the technology backbone…
ABA: Leading Financial Groups Commend Lawmakers for Taking First Step to Overturn Misguided CFPB Overdraft Rule
Leading financial groups that represent banks and credit unions of all sizes today sent letters Senate Banking Committee Chair Tim Scott (R-S.C.) and House Financial Services Committee Chair French Hill (R-Ark.) in support of their respective Congressional Review Act resolutions to invalidate the Consumer Financial Protection Bureau’s (CFPB) overdraft rule. As outlined in the letter,…