FEMA: President Biden Approves Disaster Declaration for the Commonwealth of the Northern Mariana Islands

FEMA announced that federal disaster assistance has been made available to the Commonwealth of the Northern Mariana Islands to supplement commonwealth and local recovery efforts in the areas affected by Typhoon Mawar during the period of May 22, 2023, and continuing. Federal funding is available to the Commonwealth and eligible […]

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in March 2023. The CRA is a 1977 law intended to encourage insured banks and […]

OCC: CRA Evaluations for 21 National Banks and Federal Savings Associations Released

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2023, through May 31, 2023. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks […]

SBA: Applications Open for Small Business Lending Company License

Expanding the number of Lenders to increase access to small, affordable loans for millions of small business owners Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, opened a window for new applications for Small Business Lending Company (SBLC) […]

HUD: $25 Million in Funding Announced for Public Housing Authorities to Help Families Get Access to Better Housing and Schools

Public Housing Authorities are encouraged to apply for funding Today, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $25 million to public housing authorities (PHAs) for HUD’s Housing Choice Voucher (HCV) Mobility Services. Through this program, PHAs will help an estimated 6,000 voucher […]

HUD: National Healthy Homes Month Kicks Off

Theme of Connecting home, health, and You highlights how fixing hazards in homes improves residents’ health while improving access to safe, affordable healthy housing across the nation. Today, the U.S. Department of Housing and Urban Development (HUD) kicks off activities for this year’s National Healthy Homes Month (NHHM), an annual […]

HUD: Agency Commemorates National Homeownership Month with Launch of Housing Counseling Awareness Campaign

Secretary Fudge announces June 10 House Party 2.0: “Make Home the Goal” on the National Mall “Let’s Make Home the Goal” campaign highlights the benefits of housing counseling and supports efforts to close the racial homeownership gap As declared by President Biden’s Presidential Proclamation, the month of June is commemorated as […]

CFPB: Billions of Dollars Stored on Popular Payment Apps May Lack Federal Deposit Insurance

Agency issues notice to consumers advising them to transfer balances to insured banks and credit unions The Consumer Financial Protection Bureau (CFPB) published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that funds stored on these apps may not be safe in […]

Agencies Request Comment on Quality Control Standards for Automated Valuation Models Proposed Rule

Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in […]