OCC: Joseph M. Otting Takes Office as the 31st Comptroller of the Currency
Joseph M. Otting today became the 31st Comptroller of the Currency, after being sworn into office by Secretary of the Treasury Steven T. Mnuchin and being confirmed by the U.S. Senate on November 16, 2017. President Donald Trump nominated Mr. Otting in June 2017. The U.S. Senate confirmed him on November 16, 2017. Mr. Otting…
CDFI Fund: FY 2017 Round BEA Program Application Submission Deadline Extended to December 14th
On September 29, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Funds Availability (NOFA) for the Bank Enterprise Award Program (BEA Program) that the deadline for submitting the FY 2017 BEA Program Application (Application) via the CDFI Fund’s Award Management Information System (AMIS) was 5:00 p.m. Eastern Time on…
CFPB: Leandra English Named Deputy Director of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today announced that Leandra English has been officially named deputy director of the agency. English, who had been most recently serving as the agency’s chief of staff, has previously held key leadership positions at the CFPB, the Office of Management and Budget, and the Office of Personnel Management. David…
FEMA: Major Disaster Declaration Declared for Mississippi & Alabama
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Mississippi to supplement state and local recovery efforts in the areas affected by Hurricane Nate from October 6 to October 10, 2017. Federal funding is available to state and eligible local governments and certain private…
FEMA: Federal Aid Programs for the State of Mississippi
Following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Donald J. Trump’s disaster declaration issued for the state of Mississippi. Assistance for State and Affected Local Governments Can Include as Required: Payment of not less than 75 percent of the eligible costs for…
FEMA: California Disaster Declaration Amended
The Federal Emergency Management Agency (FEMA) announced today that additional disaster assistance is available to the state of California. The additional assistance authorizes an increase in federal funding for emergency protective measures undertaken in the state of California as a result of wildfires from October 8 through October 31, 2017. Under the President’s major disaster declaration…
CFPB: A Five-Step Spending Plan to Avoid Holiday Debt
The holidays can put a financial burden even on the savviest of shoppers and savers. But like most things, taking time to plan can help you avoid the stress that comes with overspending. Before you hit the mall or shop for Black Friday deals, keep reading to learn how to make a holiday spending plan…
CFPB: Five Ways Banks and Lenders Work with People Who Speak or Understand Limited English
By Alice Chang and Dubis Correal and Holly Zaharchuk More than one out of every 12 people over the age of five in the U.S. are limited English proficient (LEP), meaning that they speak English less than very well, according to the U.S. Census Bureau’s 2016 American Community Survey One-Year Estimates. LEP consumers may…