CFPB: Scrutiny of Student Loan Servicers and Public Service Loan Forgiveness Stepped Up
Bulletin Follows Findings That Servicers Made Deceptive Statements to Borrowers About Loan Cancellation for Public Service Today the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the Public Service Loan Forgiveness (PSLF) Waiver. The bulletin recommends actions servicers should consider…
CDFI Fund: New System for Award Management Transitions DUNS to Unique Entity Identifier Beginning March 18, 2022
Effective March 18, 2022, the Community Development Financial Institutions Fund (CDFI Fund) will begin utilizing the new System for Award Management (SAM) issued Unique Entity Identifier (UEI) in its Awards Management Information System (AMIS). What is the UEI?Beginning April 4, 2022, the federal government will stop using the Dun & Bradstreet issued Data Universal Numbering…
EDA: $1.2 Million in American Rescue Plan Funds Invested to Expand Resources for Creative Arts Businesses and Entrepreneurs in Albuquerque, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million American Rescue Plan Economic Adjustment Assistance grant to the Keshet Dance Company, Albuquerque, New Mexico, to renovate the Keshet Ideas and Innovation Center. The project will create additional space and support for artisans and creative-based…
EDA: $1.1 Million in American Rescue Plan Funds Invested to Provide Technical Assistance to Small Buisnesses in South San Francisco, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.1 million American Rescue Plan Economic Adjustment Assistance grant to the city of South San Francisco, California, to develop the North County Business Resource Center. The new facility will benefit low and moderate income. and previously underserved…
ABA: Banks Begin Accepting Entries for ABA Foundation’s Annual “Lights, Camera, Save!” Teen Video Contest on February 21st
Banks across the nation will begin accepting entries for the American Bankers Association Foundation’s 12th annual Lights, Camera, Save! video contest on Mon., Feb 21. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of the ABA Foundation’s most popular…
Census Bureau: Household Pulse Survey Phase 3.3 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.3 of the experimental Household Pulse Survey (HPS). The HPS is now a monthly release as current changes in data no longer warrant a biweekly data collection, and we work to reduce respondent burden. This phase includes updated vaccination questions that expand response options for the number…
HUD: Disaster Assistance Announced for Hawaii Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Hawaii affected by severe storms, flooding, and landslides during the period of December 5 and December 10, 2021 On February 15, President Biden issued a major disaster declaration for…
CFPB: New Way Launched for the Public to Petition Agency for Action
Reforms Will Help the Public to Exercise their Constitutional Rights The Consumer Financial Protection Bureau (CFPB) today made it easier for the public to meaningfully engage with the agency and request regulatory changes. Starting today, members of the public can submit petitions for rulemaking directly to the CFPB. The petitions will be posted on public dockets…
FEMA: President Biden Approves Major Disaster Declaration for Hawaii
FEMA announced that federal disaster assistance has been made available to the state of Hawaii to supplement state and local recovery efforts in the areas affected by severe storms, flooding and landslides during the period of Dec. 5-10, 2021. Federal funding is available to eligible state and local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…
OCC: Project REACh Efforts Launched in Detroit
Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify…