CFPB: Paul Watkins Announced as New Director for the Office of Innovation
Bureau of Consumer Financial Protection (Bureau) Acting Director Mick Mulvaney today announced he has selected Paul Watkins to lead the Bureau’s new Office of Innovation. “I am delighted that Paul Watkins is bringing his deep expertise, track record of protecting consumers, and commitment to innovation to the Bureau,” said Acting Director Mulvaney. “I am confident…
CDFI Fund: FY 2018 Funding Round of BEA Program Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the publication of the FY 2018 Notice…
CDFI Fund: FY 2018 Funding Round for Capital Magnet Fund Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities,…
ABA: 2018-2019 ABA Officers Nominated
The American Bankers Association’s Nominating Committee has selected the official slate of candidates for ABA officers for election at the association’s annual convention to be held in New York, October 21-23. The Committee, chaired by Dorothy Savarese, chairman, president and CEO of Cape Cod Five Cents Savings Bank, Orleans, Mass., nominated these candidates for ABA…
CDFI Fund: Updated BEA Program Eligibility Criteria Based on 2011-2015 American Community Survey Census Data
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today updated Eligibility Data for the Bank Enterprise Award Program (BEA Program). The BEA Program Eligibility Data is being updated as part of a larger effort undertaken by the CDFI Fund to ensure that the data used to determine the eligibility…
HUD: Winners Announced for Secretary’s Award for Public-Philanthropic Partnerships
The U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations today announced the 2018 winners of the Secretary’s Award for Public-Philanthropic Partnerships. The awards recognize exemplary partnerships between foundations and government that have been critical in transforming communities and improving lives. “Through these awards, we celebrate what we can accomplish through…
HUD: $43 Million Awarded to Help End Youth Homelessness
Grants to support innovative housing programs in 11 communities To help end youth homelessness, the U.S. Department of Housing and Urban Development (HUD) is awarding $43 million to 11 local communities, including five rural areas, through its Youth Homelessness Demonstration Program (YHDP). This program supports a wide range of housing interventions including rapid rehousing, permanent…
FEMA: President Trump Approves Major Disaster Declaration for West Virginia
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of West Virginia to supplement state and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from May 28 to June 3, 2018. Federal funding is available to the state and…
HUD: $243 Million Disaster Recovery Plan Approved for U.S. Virgin Islands
Funding will target housing, infrastructure and economic development U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help citizens in the U.S. Virgin Islands to recover from Hurricanes Irma and Maria. In November, HUD allocated $243 million to the U.S. Virgin Islands to…
OCC: Minority Depository Institutions Advisory Committee Charter Renewed
The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions. “The Minority Depository Institutions Advisory Committee has a long history of offering the OCC an invaluable perspective on the business environment affecting…