SBA: Business Recovery Center Opened in Greenville, North Carolina
The U.S. Small Business Administration (SBA) announced the opening of a Business Recovery Center (BRC) in Greenville, North Carolina on Sept. 18, to help businesses impacted by Hurricane Florence. SBA representatives at the Center can provide information about disaster loans, answer questions and assist businesses in completing the SBA application. The Center is located as…
FDIC: Results of Summary of Deposits as of June 30, 2018 Survey Released
The Federal Deposit Insurance Corporation (FDIC) today released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2018. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 88,000 domestic offices operated by more than 5,500 FDIC-insured…
Census Bureau: New American Community Survey Statistics for States and Local Areas
Statistics for More Than 40 Demographic and Economic Topics Provide Detailed Profiles of Communities Nationwide The U.S. Census Bureau today released its most detailed look at America’s people, places and economy with new statistics on income, poverty, health insurance and more than 40 other topics from the American Community Survey (ACS). Many large metropolitan areas…
Census Bureau: Income, Poverty and Health Insurance in the U.S. 2017
The U.S. Census Bureau announced today that real median household income increased by 1.8 percent between 2016 and 2017, while the official poverty rate decreased 0.4 percentage points. At the same time, the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016. Median household income in the…
FHFA: Notice of Proposed Rulemaking on Uniform Mortgage-Backed Security
The Federal Housing Finance Agency (FHFA) is issuing a proposed rule to require Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the prepayment rates of “To-Be-Announced” (TBA)-eligible mortgage-backed securities (MBS). The objective of the proposed rule is to enhance the overall liquidity of Enterprise TBA-eligible MBS by supporting…
FEMA: President Trump Approves Major Disaster Declaration for Iowa
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Iowa to supplement state and local recovery efforts in the areas affected by severe storms and tornadoes on July 19, 2018. Federal funding is available to state and eligible local governments, and certain private nonprofit organizations…
FEMA: President Trump Signs Emergency Declaration for Hawaii
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that federal emergency aid has been made available to the state of Hawaii to supplement state and local response efforts due to the emergency conditions in the area affected by Tropical Storm Olivia beginning on September 9, 2018, and continuing. The President’s…
CFPB: New Rule Updates Fair Credit Reporting Act Model Consumer Disclosures
The Bureau of Consumer Financial Protection (Bureau) today issued an interim final rule updating two model disclosures to reflect changes made to the Fair Credit Reporting Act (FCRA) by recent legislation. In May 2018, Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which requires nationwide consumer reporting agencies to provide “national security…
FEMA: President Trump Signs Emergency Declaration for Virginia
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that federal emergency aid has been made available to the Commonwealth of Virginia to supplement Commonwealth, tribal, and local response efforts due to the emergency conditions in the area affected by Hurricane Florence beginning on September 8, 2018, and continuing. The President’s…
Interagency Statement: Reaffirming the Role of Bank Supervisory Guidance
Five federal agencies today issued a joint statement explaining the role of supervisory guidance for regulated institutions. The statement from the agencies—the Federal Reserve Board, the Bureau of Consumer Financial Protection, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency—confirms that supervisory guidance does not…