ABA: Bank Volunteers Celebrate National Financial Literacy Month with New Teach Children to Save Lessons
April 25th marks ABA Foundation’s 27th annual Teach Children to Save Day On April 25th, bank employees will deliver financial literacy lessons to K-8 students across the nation as part of the ABA Foundation’s 2024 Teach Children to Save Day. The annual Teach Children to Save campaign is a centerpiece of the banking industry’s longstanding commitment…
HUD: Series of New Actions Kick Off to Help Communities Fight Extreme Heat
HUD has created a hub of information on extreme heat actions, resources, and guidance, published new technical assistance, and is hosting a stakeholder briefing on extreme heat. Today, as part of the Biden-Harris Administration’s historic Earth Week initiatives, the U.S. Department of Housing and Urban Development (HUD) announced new actions helping support communities to increase resilience…
FDIC: Four Bankers Named to Minority Depository Institutions Subcommittee
May 1st meeting to address key challenges and opportunities for minority banks The Federal Deposit Insurance Corporation (FDIC) today announced four new members of the agency’s Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking: On May 1, 2024, the MDI Subcommittee will meet to share insights into key challenges and opportunities…
CFPB: Guidance Issued to Combat Junk Fees by Mortgage Servicers
Homeowners forced to pay for “services” that were prohibited or unauthorized The Consumer Financial Protection Bureau (CFPB) today published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. CFPB examinations found servicers charging illegal junk fees, such as prohibited property inspection fees; sending…
CDFI Fund: CDFI Equitable Recovery Program Compliance FAQs Released
The Community Development Financial Institutions Fund (CDFI Fund) has published a Compliance Frequently Asked Questions (FAQs) document for the CDFI Equitable Recovery Program (CDFI ERP). This document helps to answer commonly asked compliance questions regarding the CDFI ERP Assistance Agreement. The CDFI ERP Compliance FAQ also incorporates the previously released CDFI ERP Demographic Data Guidance. …
SBA: 2023 THRIVE Program Winners Recognized
Cohorts from Puerto Rico and Seattle Will Be Honored at the National Small Business Week Ceremony in Washington, D.C. Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized the 2023 T.H.R.I.V.E. Emerging Leaders Reimagined cohort winners in Seattle and North Metro Puerto Rico…
SBA: 2024 Growth Accelerator Fund Competition Stage One Winners Announced with Up to $3 Million in Prizes Awarded
Competition Opens Doors for Underserved Entrepreneurs in Key Science and Technology Industries Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses and startups, announced the 2024 Growth Accelerator Fund Competition (GAFC) Stage One winners. Each received $50,000 in prize awards…
HUD and Census Bureau: New Residential Sales Report for March 2024 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for March 2024: New Home SalesSales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the U.S. Census Bureau…
EDA: $18 Million Invested for Water Infrastructure Improvements to Support Economic Growth in Cleveland, GA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding an $18 million grant to the city of Cleveland, Georgia, for water infrastructure improvements to support job creation and economic growth. This grant will support upgrades to the local wastewater treatment plant that will increase capacity, creating jobs and…
EDA: $2.1 Million Invested for Infrastructure Improvements to Support Manufacturing and Create Jobs in Clarksdale, MS
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the Coahoma County Board of Supervisors in Clarksdale, Mississippi, for roadway and water infrastructure improvements to support manufacturing and job growth. This grant will support the local boat manufacturing sector, creating jobs and opportunities…