OCC: Comptroller of the Currency Supports CFPB Proposed Rule on Short-Term Small-Dollar Lending
Comptroller of the Currency Joseph Otting today issued the following statement supporting Director Kathy Kraninger and the Consumer Financial Protection Bureau’s proposed rule rescinding requirements that lenders make certain underwriting determinations before issuing short-term small-dollar loans. On February 6, 2019, the Consumer Financial Protection Bureau took an important and courageous step that will allow banks…
EDA: $1.5 Million Invested to Support Manufacturing Growth in White Sulphur Springs, WV
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the town of White Sulphur Springs, West Virginia, to upgrade and improve water infrastructure. According to grantee estimates, the project is expected to create 82 jobs, retain 20 jobs and spur $35.1 million…
CDFI Fund: New Dates and Registration Open for FY 2019 CDFI Bond Guarantee Program Application Workshop
Due to the Government shutdown, the CDFI Bond Guarantee Program Application Workshop previously scheduled for January 29 & 30, 2019, was canceled. This two-day workshop for potential fiscal year (FY) 2019 Qualified Issuer and Guarantee applicants has been rescheduled for February 25 & 26, 2019, and will be co-sponsored with and hosted by the Office…
HUD: Over $2 Billion Awarded to Help End Homelessness
Federal grants to help thousands of homeless assistance programs nationwide The U.S. Department of Housing and Urban Development today awarded $202 million in FY18 Continuum of Care (CoC) Program grants to support new homeless programs across the country, including nearly $50 million to projects dedicated to assisting survivors of domestic violence, dating violence, and stalking….
CFPB: Make a Plan to Save Some of Your Tax Refund
Making a plan to save at tax time The start of the New Year means its tax season again. As you gather your tax records and prepare to file, why not use this annual responsibility to take another step towards building financial security for yourself or your family? For many Americans, a tax refund is…
CFPB: New Credit Monitoring, Medical Debit Restrictions and Mortgage Protections for Servicemembers and Veterans
Free credit monitoring, medical debt credit reporting restrictions, and mortgage protections for those recently back from active duty In May 2018, new protections for servicemembers and veterans were signed into law . The Federal Trade Commission (FTC) and the Bureau previously highlighted the new federal law that went into effect on September 21, 2018 requiring…
SBA: Apply for SBA Workshops on Women’s Business Center Grants
Funding Available to Help Train Idaho’s Women Entrepreneurs WASHINGTON – The U.S. Small Business Administration (SBA) will conduct workshops next week to train organizations in Idaho on best practices regarding the Women’s Business Center (WBC) grant application process. The following are the dates and locations of the workshops: Monday, Feb. 11 at 2 p.m. PST…
CFPB: Notice of Proposed Rulemaking on Payday Lending Released
The Consumer Financial Protection Bureau today is proposing to rescind certain provisions of its 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” Specifically, the Bureau is proposing to rescind the rule’s requirements that lenders make certain underwriting determinations before issuing payday, single-payment vehicle title, and longer-term balloon payment loans. The Bureau…
OCC: Grovetta Gardineer Named Senior Deputy Comptroller for Bank Supervision Policy
The Office of the Comptroller of the Currency (OCC) today announced Grovetta Gardineer will become its Senior Deputy Comptroller for Bank Supervision Policy upon the retirement of Grace Dailey on March 2, 2019. “Grovetta brings deep policy experience and passion to this new role and has been an important voice on the OCC’s Executive Committee…