New SBA Chief Loeffler Tackles Debanking, Eight A Reforms After McMahon's Departure

Linda McMahon no longer serves as the Administrator of the Small Business Administration. According to Paul Hastings Daily Financial Regulation Update from January 12, 2026, Kelly Loeffler took over that role effective February 19, 2025, while Linda McMahon shifted to U.S. Department of Education Secretary effective March 3, 2025. In her prior SBA tenure, McMahon focused on key actions like combating debanking. Greenberg Traurig reports that the SBA under her direction sent a letter to over five thousand lenders, ordering them to end politicized banking practices, reinstate affected clients, and submit compliance reports by January 5, 2026. Recent news highlights shifts in SBA leadership amid ongoing program scrutiny. JD Supra details how under new Administrator Loeffler, the agency launched a major audit of the eight a program, requesting financial and contract data from all participants with a deadline of January 19, 2026. This follows suspensions of entities like ATI Government Solutions over integrity concerns and a Senate hearing led by Senator Joni Ernst on oversight failures. Paul Hastings confirms no recent headlines or decisions directly tied to McMahon at the SBA, as her role there ended nearly a year ago. Current SBA efforts center on lender compliance and eight a reforms, with lawmakers probing past pandemic loan fraud, including Minnesota cases where the agency suspended nearly seven thousand borrowers over suspected four hundred million dollars in schemes, per AOL reports. Listeners, thank you for tuning in and remember to subscribe. This has been a quiet please production, for more check out quiet please dot ai. For more http://www.quietplease.ai Get the best deals https://amzn.to/3ODvOta This content was created in partnership and with the help of Artificial Intelligence AI.