ABA urges lawmakers to prohibit direct lending under 7(a) loan program
ABA expressed its support for a bill to prohibit the Small Business Administration from directly making loans under the 7(a)...
Community Banking
FHFA proposes to repeal fair lending rule
FHFA is proposing to repeal a 2024 final rule that codified many of its existing practices and programs regarding fair...
State attorneys general urge Congress to pass cannabis banking bill
A bipartisan coalition of 32 state attorneys general called on federal lawmakers to pass legislation that would enable financial institutions...
From the Vault: Alexander Hamilton, banker
In a moment of chaos for a newly independent nation, a new bank backed by gold and silver notes was...
ABA Foundation launches guide for nonprofits on forming bank partnerships
The American Bankers Association Foundation released a new resource for nonprofit organizations on how to establish and maintain bank partnerships.
ABA expresses support for banking-related bills
ABA urged House lawmakers to support six bills covering a wide range of banking-related issues, from the Federal Reserve’s discount...
Bank acquisitions announced in five states
Prosperity Bancshares in Houston and Mercantile Bank in Grand Rapids, Michigan, are among the banks that have announced proposed acquisitions...
Banking agencies seek more feedback on regulatory burden
For the fourth and final round of EGRPRA review, the agencies are soliciting comments on regulations in three categories: Banking...
Douglas named acting director of CDFI Fund
The Treasury Department named Dietrich Douglas as acting director of the CDFI Fund following the resignation of Director Pravina Raghavan.
House lawmakers propose trimming CDFI Fund
House lawmakers are proposing to reduce funding for the CDFI Fund below current levels, although not as drastically as recommended...
