FDIC: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of American Samoa Affected by Tropical Storm Gita
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of American Samoa affected by Tropical Storm Gita. Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions. Highlights: Tropical Storm Gita…
Federal Reserve: Application Period Open for Community Advisory Council Membership
The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board’s other advisory councils whose members represent…
FEMA: Disaster Proof Your Pocketbook in Three Steps
April is the beginning of severe weather here in the Midwest, and floods, storms and tornadoes are threats to take seriously and prepare for. But not all disasters have to be record-breaking or historic to be catastrophic to your family. What about an accidental house fire that destroys your home and all of your belongings?…
CFPB: 3 Common Credit Issues and What You Can Do to Fix Them
Your credit history can determine if you can get a loan, and even where you live or work. Credit scores are built from your credit history and can determine how much you pay to borrow money for a car or house. Yet, many people don’t know where to start when it comes to building, improving,…
FEMA: Recovery Progress Continues in Puerto Rico with Agreement on Public Assistance Alternative Procedures Guide
FEMA Administrator Brock Long announced today that FEMA and the Government of Puerto Rico have coordinated the guidelines for permanent work restoration in Puerto Rico. FEMA is releasing the “Public Assistance Alternative Procedures Guide for Permanent Work (Section 428)” document specifically for permanent work projects in Puerto Rico. Using these procedures, FEMA will develop fixed-cost…
HUD: Justice Department and HUD Join Forces in Nationwide Initiative to Combat Sexual Harassment in Housing
Today, as the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice recognizes the 50th Anniversary of the Fair Housing Act, Secretary Carson and Attorney General Jeff Sessions announced the nationwide rollout of an initiative aimed at increasing awareness and reporting of sexual harassment in housing. The announcement includes an interagency…
FDIC: Use of Technology in the Business of Banking Forum Scheduled for May 7th
The Federal Deposit Insurance Corporation (FDIC) will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. Panels will focus on emerging technologies that are transforming banking operations; the impact of emerging technologies on retail banking, including new and innovative delivery channels, enhanced customer experiences, and economic…
OCC: Recognizing National Financial Capability Month at Capitol Hill
The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Jump$tart Coalition Financial Literacy Day on Capitol Hill event today. OCC staff distributed materials to assist banks with their financial inclusion activities, including the agency’s Financial Literacy Update. Staff also highlighted the OCC’s HelpWithMyBank.gov website, which…
FEMA: President Trump Approves Major Disaster Declaration for Kentucky
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the Commonwealth of Kentucky to supplement state and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from February 9 to February 14, 2018. Federal funding is available to the Commonwealth and eligible…
HUD: $1.6 Billion Awarded to Help the U.S. Virgin Islands to Recover from Hurricanes Irma and Maria
Disaster recovery funds to help repair damaged homes, businesses and infrastructure WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded $1.6 billion to support long-term disaster recovery in the U.S. Virgin Islands following Hurricanes Irma and Maria. These funds are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR)…