CFPB: Interagency Inquiry Launched into Costly Credit Cards and Loans Provided to Patients for Health Care Costs
Public input will bolster agencies’ broad efforts to safeguard consumers against predatory medical debt and collections practices Today, the Consumer Financial Protection Bureau (CFPB), U.S. Department of Health and Human Services (HHS), and U.S. Department of Treasury (Treasury) launched an inquiry into high-cost specialty financial products, such as medical credit cards and installment loans, that…
CDFI Fund: Program and Policy Input Requested on Capital Magnet Fund
The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) requests public comments on how it can enhance and improve the impact of the Capital Magnet Fund (CMF), streamline or minimize the administrative burden on CMF Applicants and Award Recipients, as well as safeguard public funds. Information provided in response to this Request…
FEMA: President Biden Approves Major Disaster Declaration for North Dakota
FEMA announced that federal disaster assistance has been made available for the state of North Dakota to supplement state, tribal and local recovery efforts in the areas affected by flooding that occurred from April 10 to May 6, 2023. Federal funding is available to state, tribal and eligible local governments, and certain private nonprofit organizations on…
EDA: $2 Million Invested to Support Business and Job Growth in Adams County, OH
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Adams County Regional Water District in West Union, Ohio, for water infrastructure upgrades to serve the Winchester Industrial Park. This project will provide a 350,000-gallon water tank and water line that will provide…
EDA: $1.7 Million Invested to Boost Manufacturing Sector in Oxford, IN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the town of Oxford, Indiana, for water infrastructure upgrades to support manufacturing. This project will increase capacity and reliability of water service to meet the increased needs of a local pharmaceutical manufacturer, Oxford’s largest…
EDA: $700,00 Invested to Bolster Manufacturing and Health Workforce Development in Buena Vista County, IA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,000 grant to Iowa Central Community College in Fort Dodge, Iowa, to purchase equipment for workforce training programs at the college’s Storm Lake Regional Center in Buena Vista County. This project will support technical training programs in advanced manufacturing and welding, electrical…
HUD: $3.1 Billion Announced to Help People Experiencing Homelessness
In response to a growing homelessness crisis, HUD makes largest-ever single-year investment in communities’ homelessness response systems. The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide more than $3.1 billion in competitive funding to homeless services organizations across the country for supportive services and housing programs for people experiencing…
CDFI Fund: Public Data Released on CDFI Program Recipients through 2021
The Community Development Financial Institutions Fund (CDFI Fund) is releasing fiscal year (FY) 2021 data, which was reported in FY 2022 by active Community Development Financial Institutions (CDFI) Program and Native American Community Assistance (NACA) Program Financial Assistance (FA) Recipients via the CDFI Fund’s data collection system, known as the Annual Compliance and Performance Report…