EDA: $7 Million Invested to Support Critical Infrastructure and Workforce Training Efforts in West Virginia
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing more than $7 million in the state of West Virginia to develop infrastructure needed for business growth and workforce training programs. The grants, some of which are located in or are near Tax Cuts and Jobs Act designated Opportunity Zone or funded…
ABA: Farmer Mac, ABA Joint Lender Survey Reveals Top Concerns and Expectations for 2020
As the farm economy continues to work through a prolonged downturn, credit quality and the deterioration of agricultural loans remains the top concern for ag lenders, according to the Fall 2019 Agricultural Lender Survey reportproduced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac. When it comes…
ABA: New Infographic Offers Tips to Protect Members of the Military from Potential Scams
In honor of National Veterans and Military Families Month and Veterans Day, the American Bankers Association Foundation, the Association of Military Banks of America (AMBA) and Better Business Bureau Institute for Marketplace Trust (BBB Institute) have joined forces to educate veterans, active duty service members and their families on financial scams targeting the military. A new…
SBA: 5th Annual Mentor-Protege Conference Scheduled Next Week to Connect Small Businesses with Federal Contract Opportunities
The U.S. Small Business Administration will host its Mentor-Protégé Conference on November 12-13 at the DoubleTree Hotel in Arlington, Va. The conference will give small businesses access to guidance on federal contracting, face-to-face meetings and opportunities to team with larger businesses and graduates of the SBA’s 8(a) Business Development program. “It’s important that we make sure that…
FEMA: Where to Go When FEMA Can’t Help
More than $3.8 million in federal grants and loans has been disbursed to homeowners, renters and businesses in northern Mississippi since severe storms, straight-line winds, tornadoes and flooding ravaged the area last February. The Federal Emergency Management Agency (FEMA) has awarded about $1.2 million in disaster assistance to individuals and households. Another $2.6 million in…
ABA: New Survey Highlights Bank Customer Preference for Digital Channels Continues to Grow
Mobile apps nearly overtake online banking for top spot while branches remain popular Nearly three-quarters of Americans (73 percent) most often access their bank accounts via online and mobile platforms, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association, an increase over last year (72 percent). The number…
SBA: Celebrating National Veterans Small Business Week 2019
Veteran-owned businesses contribute nearly $1 trillion each year to U.S. The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member, and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 4-8. “This week is dedicated to celebrating the nation’s 2.5 million veteran-owned businesses who contribute nearly $1 trillion each year to…
FHFA: Input Requested on Fannie Mae and Freddie Mac UMBS Pooling Practices
The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) about Fannie Mae’s and Freddie Mac’s (the Enterprises’) pooling practices for the formation of “To-Be-Announced” (TBA)-eligible Uniform Mortgage-Backed Securities (UMBS). FHFA is also seeking public input about other policies and practices that might affect UMBS fungibility, including the Enterprises’ oversight of UMBS…