EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Support Small Businesses and the Medical Technology Industry in Michigan
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $1.5 million in CARES Act Recovery Assistance grants to help the state of Michigan prevent, prepare for, and respond to coronavirus. “President Biden is committed to harnessing the full power of the federal government to ensure our…
EDA: $470,000 Invested to Protect Woods Hole Oceanographic Institution from Storms and Support Growth of Cape Cod’s Marine Science Industry
U.S. Secretary of Commerce Gina M. Raimondo today in Woods Hole, Massachusetts, announced that the Department’s Economic Development Administration (EDA) is awarding a $470,000 grant to the Woods Hole Oceanographic Institution to develop a waterfront oceanographic research infrastructure resiliency plan that will help keep the world-renowned research, exploration, and education institution operational in the event…
ABA: Report Shows Addressing Unbanked & Underbanked Challenges Requires Multifaceted Approach
Enhancing existing programs, highlighting no- and low-cost bank account offerings, improving financial education, expanding broadband internet access, and encouraging the opening of bank accounts during government benefit program enrollment will help address the unbanked/underbanked challenge in the United States. A new report, Delivering Financial Products and Services to the Unbanked and Underbanked in the United States…
CDFI Fund: Public Comments Sought on Civil Rights Act Compliance Worksheet
The U.S. Department of the Treasury, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act (PRA) of 1995, 44 U.S.C. 3506(c)(2)(A). Currently, the Community Development…
CDFI Fund: Pre-Application Webinar for FY 2021 Small Dollar Loan Program Round Scheduled for April 13th
The Community Development Financial Institutions Fund (CDFI Fund) staff will hold an informational pre-application webinar for the Small Dollar Loan Program on Tuesday, April 13, 2021. Topics covered will include setting up your critical SAM.gov and Grants.gov accounts, adjusting your organizational profile in the Awards Management Information System (AMIS), and other ways your organization can prepare…
Agencies Seek Wide Range of Views on Financial Institutions’ Use of Artificial Intelligence
Five federal financial regulatory agencies are gathering insight on financial institutions’ use of artificial intelligence (AI). The agencies seek information from the public on how financial institutions use AI in their activities, including fraud prevention, personalization of customer services, credit underwriting, and other operations. The Federal Reserve Board, the Consumer Financial Protection Bureau (CFPB), the…
CDFI Fund: Public Data for NMTC Program for FYs 2003-2019 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released transaction level data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2019. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual report detailing…
FHFA: House Price Index Up 1.0 Percent in July; Up 6.5 Percent from Last Year
House prices rose nationwide in July, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). House prices rose 6.5 percent from July 2019 to July 2020. FHFA also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent. For the nine census divisions, seasonally…