FEMA: More Than $1.1 Billion Approved to Help Communities Recover and Rebuild, Funds Also Support Resilience Efforts
This recent approval represents funding for 452 disaster recovery and mitigation projects, underscoring DHS Secretary Mullin’s commitment to streamlining processes Today, FEMA announced the approval of more than $1.1 billion in post-disaster funding for Public Assistance and Hazard Mitigation Grant Program projects across the nation. These programs empower states, local communities, Tribal Nations and territories to recover and rebuild more resilient,…
HUD: $193 Million Made Available to Address Youth Homelessness
Funding will support communities in developing housing focused solutions to prevent and end youth homelessness The Department of Housing and Urban Development (HUD) is making $193 million in funding available to communities nationwide to prevent and address youth homelessness. “Every American should grow up in a safe and loving home. HUD is pleased to announce…
ABA: Statement Issued on Nomination of Brian Johnson as CFPB Director
“We applaud President Trump’s nomination of Brian Johnson to serve as the next director of the CFPB. Brian has a distinguished track record in bank regulatory policy both at the Bureau and on Capitol Hill, and he will bring a thoughtful approach to setting the Bureau’s priorities in the years ahead if confirmed. The Bureau…
FEMA: Compact Disaster Declaration Approved for the Federated States of Micronesia
The Federal Emergency Management Agency (FEMA) has approved a Compact Disaster Declaration for the Federated States of Micronesia as a result from Super Typhoon Sinlaku, which impacted the region April 9-12. Super Typhoon Sinlaku brought destructive winds, heavy rainfall, and widespread flooding to the Federated States of Micronesia, resulting in significant damage to homes, infrastructure,…
SBA: Agency-Wide Reorganization Announced to Modernize, Drive Operational Efficiency, and Enhance Accountability to Taxpayers
Reforms Strengthen SBA’s Service Levels, Technology, and Access for Small Businesses and Disaster Survivors Today, the U.S. Small Business Administration (SBA) announced an agency-wide reorganization designed to modernize its organizational structure, improve operational efficiency to better serve small businesses, and strengthen accountability to taxpayers. By aligning employees around departmental expertise and management, the reorganization will reduce significant…
OCC: Comptroller Gould Testifies on Agency Activities
Comptroller Jonathan V. Gould today testified on the Office of the Comptroller of the Currency’s (OCC) priorities and activities before the U.S. House of Representatives Committee on Financial Services. Excerpts from Comptroller Gould’s testimony are below. The full written testimony can be found here. On risk tolerance: “After the 2008 financial crisis, Washington too often sought…
ABA: Bank Economists Find that Credit Conditions Expected to Hold Stable Over Next Six Months
While credit conditions are expected to continue softening slightly over the next six months as the labor market encounters headwinds and the economy handles external shocks, they are expected to remain stable according to the American Bankers Association’s latest Credit Conditions Index released today. ABA’s Credit Conditions Index examines a suite of indices derived from…
ICBA: Community Banker Guide on Artificial Intelligence Security Readiness Released
The Independent Community Bankers of America (ICBA) today released a new guide opens in a new tabto help community banks navigate the artificial intelligence security landscape. Developed by community bankers on ICBA’s AI Task Force to provide practical guidance to their industry colleagues, the Community Banker AI Security Readiness Guide opens in a new taboffers an informational overview of…
SBA: First $30 Million in Loans Delivered Through SBA 90% Grocery Guarantee Announced
Early loan approvals are directing new capital across food supply chain to support lower grocery costs Today, the U.S. Small Business Administration (SBA) announced it has approved 19 loans totaling more than $30 million in just one month through its enhanced 90% Grocery Guarantee. These early approvals mark an important step in President Trump’s effort to make groceries…