FHFA: Proposed Rule Issued on Enterprise Capital Requirements for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed regulation on capital requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule would implement a new framework for risk-based capital requirements and a revised minimum leverage capital requirement for the Enterprises. FHFA suspended regulatory capital requirements after placing the Enterprises…
FEMA: President Trump Approves Major Disaster Declaration for New Jersey
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of New Jersey to supplement state, tribal, and local recovery efforts in the areas affected by severe winter storm and snowstorm from March 6-8, 2018. Federal funding is available to the state, tribal, and eligible local…
FEMA: Schools in Puerto Rico to be Assessed for Damage from Hurricane Maria
FEMA and the Government of Puerto Rico are launching a comprehensive project to assess damage from Hurricane Maria to 1,110 schools on the island. The 60-day assessment project, coinciding with the summer school break, will allow FEMA and the Puerto Rico Department of Education to determine eligibility for federal assistance to repair and rebuild schools….
HUD: Historic Agreement Reached with New York City Housing Authority to Improve Health and Living Conditions
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the Justice Department, and the U.S. Environmental Protection Agency (EPA) reached a Consent Decree with New York City and the New York…
ABA: Foundation Released Bank Guide for Preventing Elder Financial Abuse
Resource available in advance of World Elder Abuse Awareness Day on June 15 Seniors lose approximately $2.9 billion annually to financial abuse – and with baby boomers retiring every day, along with an estimated $12 trillion in wealth transfers expected to take place between generations, that number could continue to grow. In response, America’s banks…
FEMA: President Trump Approves Major Disaster Declaration for New Hampshire
The Federal Emergency Management Agency (FEMA) announced that federal disaster assistance has been made available to the state of New Hampshire to supplement state, tribal, and local recovery efforts in the areas affected by severe storm and flooding from March 2-8, 2018. Federal funding is available to the state, tribal, and eligible local governments and…
FEMA: President Trump Approves Major Disaster Declaration for Alaska
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by a severe storm on December 4, 2017. Federal funding is available to the state, tribal and eligible local governments and certain…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Re-Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today re-opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. Recognizing the Consolidated Appropriations Act, 2018, has extended the CDFI Bond Guarantee Program statutory authority until December 31, 2018, the CDFI Fund has decided to amend the…
HUD: Secretary Carson Kicks Off Envision Center Demonstration in Detroit
Centralized hubs to help HUD-assisted households become self-sufficient U.S. Housing and Urban Development (HUD) Secretary Ben Carson traveled to his hometown of Detroit today to announce the first round of ‘EnVision Center’ designations in 17 communities around the nation. One of Secretary Carson’s signature initiatives, EnVision Centers will offer HUD-assisted families access to support services…
FDIC: Newly Formed Money Smart Advance Team Will Get Early Access to & Training on Updated Money Smart for Adults
FIL-32-2018 Summary: The FDIC has formed the new Money Smart Advance Team (MSAT). Banks that engage in financial education activities, or plan to do so, and who join the MSAT will get an early look at the updated instructor-led Money Smart for Adults curriculum, scheduled for release in September, and other benefits. Statement of Applicability…