SBA: Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Expanded
Vice President Kamala Harris Unveils Improvements to SBA Community Advantage Pilot Program at White House Event with SBA Administrator Isabella Guzman, Extending it to 2024, Ending New Lender Moratorium, and Lifting Loan Caps Today, Vice President Kamala Harris and Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in…
FDIC: Request for Comment Issued on Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions
The Federal Deposit Insurance Corporation (FDIC) today is requesting public comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, these draft principles are intended for the largest…
FEMA: President Biden Approves Major Disaster Declaration for Puerto Rico
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Puerto Rico to supplement Commonwealth and local recovery efforts in the areas affected by severe storms, flooding and landslides from Feb. 4-6, 2022. The President’s action makes federal funding available to affected individuals in the municipalities of Cataño, Dorado, Toa Baja, Vega…
FEMA: President Biden Approves Major Disaster Declaration for Washington
FEMA announced that federal disaster assistance has been made available to the state of Washington to supplement state, tribal and local recovery efforts in the areas affected by severe winter storms, straight-line winds, flooding, landslides and mudslides from Jan. 1-Jan. 15, 2022. The President’s action makes federal funding available to state, tribal and eligible local…
HUD: Disaster Assistance Announced for Puerto Rico Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Puerto Rico affected by a severe storm, flooding, and landslides from February 4 and February 6, 2022. On March 29, President Biden issued a major disaster declaration for…
SBA: Women’s Business Center Network Expands to All 50 States
Alaska Women’s Business Center is the SBA’s 141st WBC and marks the expansion of the Women’s Business Center network to every state in the nation Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the launch of the 141st Women’s Business Center (WBC)…
FHFA: House Price Index Up 1.6 Percent in January 2022; Up 18.2 Percent from Last Year
House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.2 percent from January 2021 to January 2022. The previously reported 1.2 percent price change for December 2021 was revised upward to a 1.3 percent price change. For the…
EDA: $3 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Northwest and Central Oklahoma
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund to support small businesses in 23 counties. Through this grant, SWIFT will…
EDA: $1.7 Million in CARES Act Recovery Assistance Invested to Expand Broadband Service in the Manufacturing, Agricultural and Technology Industries in Rural Central Indiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million CARES Act Recovery Assistance grant to Northwest Central Indiana Community Partnerships, Inc., West Lafayette, Indiana, to expand broadband access in Central Indiana in support of the region’s manufacturing, agricultural and technology industries. This project…
CFPB: New Report Finds Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020
The Consumer Financial Protection Bureau (CFPB) issued a report today showing that credit card issuers charged $12 billion in late fees in 2020. Late fee penalties are charged in addition to interest when a cardholder does not make the minimum payment by the due date. “Many credit card issuers have made late fee penalties a…