USDA removed ten lenders from the Rural Development OneRD Guaranteed Lending Program due to irresponsible, non‑compliant actions.
The excluded lenders hold about $620 million in delinquent loans, roughly 47% of the program’s total delinquent portfolio.
USDA says the move will improve service for the remaining 750+ participating lenders in the OneRD program.
Agriculture Secretary Brooke Rollins emphasized protecting taxpayers by directing funds to projects that revive rural America.