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FDIC NCUA Treasury OCC CFPB HUD DOJ FHFA
August 25, 2026 6 min read

Federal Agencies Rescind Special Purpose Credit Program Guidance, Reinforcing Strict Nondiscrimination Standards

Seven federal agencies have cancelled a 2022 policy that allowed lenders to create special credit programs based on race, sex, or national origin. The agencies clarified that all lending must strictly follow federal non-discrimination laws, ending previous guidance that allowed these targeted equity programs.

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OMB HHS USDA DOS USAID VA DOE Treasury DOD DOT DOC DOI EPA DFC NASA USAGM NRC CNCS SSA HUD NSF NARA SBA DOJ DOL DHS NFAH IMLS NEA NEH ED EXIM OP ONDCP PC EAC RESTORE Council FCC CPSC DRA ASC MMC MCC NCUA
May 29, 2026 4 min read

Federal Financial Assistance Overhaul Proposed by OMB: New Rules Target Accountability, Transparency, and 'Woke' Spending

The Office of Management and Budget, alongside numerous federal agencies, has unveiled a comprehensive proposed rule to revise federal financial assistance guidance. This initiative aims to improve transparency, accountability, and oversight in grant management, prevent misuse of taxpayer dollars, and ensure federal awards align with statutory objectives and established American principles. The proposal directly addresses concerns regarding past federal spending, particularly in areas like Diversity, Equity, and Inclusion policies, which the administration views as inconsistent with civil rights laws. It also seeks to clarify regulatory status and reduce recipient burden.

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