Federal Reserve: Board Launches Consumer Compliance Supervision Bulletin
The Federal Reserve Board on Thursday launched the Consumer Compliance Supervision Bulletin–a new publication that will provide bankers and others interested in consumer protection with high-level summaries of pertinent supervisory issues. The Bulletin complements other Federal Reserve System outreach programs for banking organizations, such as the Consumer Compliance Outlook publication and its companion webinar series,…
HUD: Secretary Carson Proposes Rent Reform
Reforms to make current rent policies simpler, more transparent and predictable WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today unveiled a package of reforms designed to offer Public Housing Authorities (PHAs), property owners and HUD-assisted families a simpler, less invasive and more transparent set of rent structures, and places HUD’s rental…
SBA: Small Business SBA 504 Loans Now Available with 25-Year Maturity
SBA Administrator Linda McMahon has announced that the U.S. Small Business Administration is offering a 504 Loan and the Debenture that funds it with a 25-year maturity. This new 25 year Debenture will be made available for 504 Projects that are approved on or after April 2, 2018. The new 504 Loan term complements the…
FHFA: Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for Duty to Serve Program Published
The Federal Housing Finance Agency (FHFA) today published Fannie Mae’s and Freddie Mac’s (the Enterprises) Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans become effective January 1, 2018. FHFA issued a final rule on December 13, 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic…
SBA: Veterans Business Outreach Center Fund Opportunity Announced
Private organizations, colleges and universities, private sector firms, nonprofit organizations and state, local or tribal governmental agencies are eligible to apply for funding from the U.S. Small Business Administration to provide training and counseling to aspiring and existing veteran small business owners as a Veterans Business Outreach Center (VBOC). The grant awardees will be providing training…