OCC: Infographics on CRA Modernization Proposed Rule Issued
The Office of the Comptroller of the Currency (OCC) today released a series of infographics to promote comment on the interagency notice of proposed rulemaking (NPR) to modernize and strengthen the Community Reinvestment Act (CRA). The infographics include key information from the CRA NPR on performance standards; data collection, maintenance and reporting; assessment areas; community…
OCC: Policy Statement on Minority Depository Institutions Updated
The Office of the Comptroller of the Currency (OCC) today announced it is revising its 2013 policy statement for minority depository institutions (MDI) to update and streamline descriptions of its policies, procedures, and programs. The statement also describes the range of programs the OCC has in place to preserve and support MDIs. The OCC witnessed…
CFPB: Analysis Published on Potential Impacts of Medical Debt Credit Reporting Changes
Removing Paid Collections Will Have Limited Benefit Across Consumer Groups Today, the Consumer Financial Protection Bureau (CFPB) published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion – will affect people who have allegedly unpaid medical debt on their credit reports. Nearly half of those…
HUD and Census Bureau: New Residential Sales Report for June 2022 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 June 2022: New Home Sales Sales of new single‐family houses in June 2022 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau…
FHFA: House Price Index Up 1.4 Percent in May; Up 18.3 Percent from 2021
House prices rose nationwide in May, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.3 percent from May 2021 to May 2022. The previously reported 1.6 percent price change for April 2022 was revised downward to 1.5 percent.. For the nine census…
EDA: $3 Million Invested to Boost Entrepreneurial Growth in Marion, IL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Watermark Auto Group Foundation, Marion, Illinois, to renovate the historic Citadel building to house the Entrepreneurial and Technical Opportunities (EThOs) business incubator. This grant will provide a 21,000-square-foot facility for small business…
EDA: $5.5 Million Invested to Support Transportation Infrastructure Improvements in American Canyon, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.5 million grant to the city of American Canyon, California, to improve transportation infrastructure in the Green Island Industrial District (GRID). This grant is funded by the American Rescue Plan. This project will recondition and expand…
EDA: $2.1 Million Invested to Expand Industrial Park in Batesville, AR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the city of Batesville, Arkansas, to make critical infrastructure at the city’s industrial park. This grant will construct roads, water, and sewer infrastructure to support expansion and business development at the industrial…
EDA: $1.2 Million Invested to Support Development of Maine Spaceport Complex in Augusta, ME
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Maine Space Grant Consortium, Augusta, Maine, to support development of the Maine SpacePort Complex. This project will finalize a strategic plan addressing workforce development, business development, and external engagement needs for the…
FEMA: President Biden Approves Emergency Declaration for U.S. Virgin Islands
FEMA announced that federal emergency aid has been made available to the territory in U.S. Virgin Islands to supplement the territory’s response efforts to the emergency conditions resulting from a water shortage and health impact from unprecedented sargassum seagrass influx beginning on July 15, 2022, and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the…