EDA: $640,994 Invested to Help Grow Seafood Industrial Park in Newport News, VA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $640,994 grant to the city of Newport News, Virginia, to support preliminary studies and design at the Seafood Industrial Park located in Newport News’ SouthEast neighborhood. This project supports necessary preliminary engineering and environmental work, development of a site plan, as well…
EDA: $725,000 Invested to Boost Workforce Training Efforts in Ottumwa, IA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $725,000 grant to Indian Hills Community College, Ottumwa, Iowa, to equip the college’s Career and Technical Education training facility at the Centerville campus. The EDA project will provide the equipment needed to facilitate effective training programs that will help meet regional demand for…
OCC: Annual Report for 2022 Released
The Office of the Comptroller of the Currency (OCC) today published its 2022 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. The report specifically highlights the OCC’s work to…
HUD: $24.7 Million Awarded to Provide Affordable Housing to Support Community Living for Non-Elderly People with Disabilities
Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $24.7 million to 98 local public housing authorities (PHAs) across the country to provide permanent affordable housing to non-elderly persons with disabilities. This award allows these PHAs to house up to 2,210 additional families, and further support community integration for persons with…
FHFA: 2023 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2023 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Each year, FHFA releases an annual Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS. “The annual Scorecard…
FEMA: New SBA Partnership Provides More than $38 Million in Expanded Assistance to Low-Income Disaster Survivors
In the past year, low-income disaster survivors have received more than $38.7 million in expanded assistance because of FEMA and the U.S. Small Business Administration’s policy changes to lower the minimum household income thresholds for some types of FEMA assistance. FEMA and SBA have programs that help survivors after a disaster, and many homeowners and…
Agencies Issue Joint Statement on Crypto-Asset Risks to Banking Organizations
Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies’ approaches to supervision in this area. In particular, the statement describes several key risks associated with crypto-assets and the crypto-asset sector, as demonstrated by the significant volatility and vulnerabilities over…
CFPB: New Report Issued on Complaints Regarding TransUnion, Experian, and Equifax
Analysis of nearly half a million complaints reveals ongoing challenges Today, the Consumer Financial Protection Bureau (CFPB) released an annual report that details improvements and deficiencies in the nationwide consumer reporting companies’ responses to consumer complaints transmitted by the CFPB. Today’s report includes considerations for the nationwide consumer reporting companies to improve compliance with consumer financial protection…
FEMA: President Biden Signs Major Declaration for the Havasupai Tribe
FEMA announced federal emergency aid has been made available to the Havasupai Tribe to supplement Tribal response and recovery efforts in areas affected by flooding from Oct. 1-2, 2022. The President’s action makes federal funding available to Tribal and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair or replacement…