CFPB: Rule Proposed to Prohibit NSF Fees on Declined Right at Swipe, Tap, or Click Transactions
Proposed rule would prohibit non-sufficient funds fees on transactions declined right at the swipe, tap, or click The Consumer Financial Protection Bureau (CFPB) proposed today to block banks and other financial institutions from one potential source of new junk fee revenue – fees on transactions declined right at the swipe, tap, or click. The proposed rule…
SBA: America’s Seed Fund Week and Road Tour Announced
Nationwide Events Connect Entrepreneurs With SBIR/STTR Funding Agencies That Support Cutting-Edge Technology Development Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s more than 33 million small businesses in President Biden’s Cabinet, kicked off America’s Seed Fund Weekwith remarks highlighting the upcoming 2024 Seed Fund Road Tour as well as the…
HUD: $150 Million in Funding Available to Tribal Communities for New Affordable Housing
Funds focus on new home construction in Tribal Communities. This past week, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $150 million in funding for affordable housing projects that benefit low-income families in American Indian and Alaska Native communities. “Strong investments in Tribal communities help ensure residents can…
EDA: $1.2 Million Invested to Support Tribal Disaster Planning in Southwest Washington State
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Shoalwater Bay Indian Tribe, Tokeland, Washington, to prepare local infrastructure for natural disasters. This grant will support the development of a Master Community Relocation Plan to move Tribal facilities away from potential natural…
EDA: $888,789 Invested to Support Growth of Maritime Sector in Aleutians East Borough, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $888,789 grant to the city of King Cove, Alaska, for critical infrastructure improvements needed to support the region’s fisheries industry. This grant will provide for a new mobile boat hoist necessary to increase capacity in the region’s essential fishing industry. This EDA…
Census Bureau: Posting of Public Comments on Proposed Changes to 2025 American Community Survey Begins
The U.S. Census Bureau has begun posting the public’s feedback on proposed changes to the 2025 American Community Survey (ACS) and Puerto Rico Community Survey (PRCS) to regulations.gov. In October, the Census Bureau published a Federal Register notice inviting the public to comment on proposed changes to the survey covering several topics, including household roster, educational attainment, health…
Federal Reserve: Five New Members of Community Advisory Council Announced
The Federal Reserve Board on Monday announced five new members of its Community Advisory Council, or CAC. The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues…
ABA: Foundation Launches 2024 Financial Education Campaigns and Continues Initiative to Reach 5 Million Americans
The American Bankers Association Foundation today launched its 2024 financial education campaigns, encouraging banks across the country and their more than two million employees to participate in these important industry efforts to help consumers improve their financial well-being. Today’s launch continues the ABA Foundation’s three-year, industry-wide commitment to reaching five million Americans with financial education…
FEMA: Federal Disaster Assistance Program Reforms Announced to Help Survivors Recover Faster
Planned updates to FEMA’s Individual Assistance program include quicker access to needed funds, expanded eligibility for property and home repairs, and an easier application process for survivors to jumpstart their recovery from disasters. Secretary of Homeland Security Alejandro N. Mayorkas and FEMA Administrator Deanne Criswell announced today that FEMA is reforming its federal assistance policies…
CDFI Fund: Webinar on Revised CDFI Certification Application Scheduled for January 31st
The Community Development Financial Institutions Fund (CDFI Fund) will conduct a live webinar to assist organizations in understanding the requirements of the revised CDFI Certification Application. This webinar will be held to discuss updates to the Application FAQs, available new materials, and to take any additional questions. Webinar Details Viewing this webinar requires the use…