The Federal Reserve announced that its Main Street Lending Program is fully operational as of today. Institutions participating in the MSLP may now submit qualifying loans for the Fed to purchase. The Fed will buy up to 95% of each loan submitted.
The Fed also said it will publish in the coming days a state-by-state listing of lenders accepting new business customers under the MSLP that elect to be listed.
Given an increase in geopolitical uncertainties, crude oil volatility is on an upward trend.
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,427,000. This is 19.0% above the revised May estimate of 1,199,000 and is 3.5% above the June 2025 rate of 1,379,000. Single-family housing starts in June were...
The National Credit Union Administration should coordinate with the banking agencies to ensure that Genius Act implementation is substantially similar among all federal payment stablecoin regulators, the American Bankers Association and three other banking sector associations said.
In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation.
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information.
A proposed bill to tailor bank regulation and boost de novo bank formation would promote economic growth in communities across the country, ABA and 52 state bankers associations said in a joint letter to House leaders.
