Sunday, December 7, 2025

SBA releases compliance form for debanking order

Last week, the Small Business Administration sent out another letter with criteria for banks under $30 billion in assets to comply with reporting requirements regarding the president’s “Fair Banking Executive Order.”

The revised requirements  are less burdensome then originally presented. When it was initially presented, it sure looked like bankers were going to have to spend a lot of time pulling together all types of data. Now, however, it appears you simply have to answer a couple of questions.

Please make sure to complete and submit the required information no later than Jan. 5, 2026.