SBA: National Small Business Week Virtual Summit Schedule Announced
Attendees Can Participate in Educational Workshops, Network, and Learn about Federal Resources Today, the U.S. Small Business Administration (SBA) and SCORE, mentors to America’s small businesses and a resource partner of the SBA, announced the schedule for the 2024 National Small Business Week Virtual Summit. The two-day online event, co-hosted by the SBA and SCORE, will take place…
FHFA: FHLBank and CDFI Symposium Scheduled for June 20th in Washington, DC
The Federal Housing Finance Agency (FHFA) today announced that it will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on Thursday, June 20, 2024. “CDFIs have a relationship-focused approach that enables them to reach individuals who have limited housing options, in a safe and sound manner,”…
FHFA: New Product Notice Published for Freddie Mac Second Mortgage Proposal
Today, the Federal Housing Finance Agency (FHFA) sent to the Federal Register a notice of a proposed new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages. “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” said FHFA Director Sandra L. Thompson….
SBA: Digital Hub Launches to Connect Small Businesses with Major Funding Under the Investing in America Agenda
Hub Details Billions of Dollars in Grants, Contracts, and Market Opportunities Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the launch of the SBA’s new Investing in America Small Business Hub, the first and only digital portal of its…
SBA: 2024 Small Business Investment Companies of the Year Recognized
Awardees from Connecticut and Pennsylvania to be Honored During National Small Business Week Ceremony in Washington, DC Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, recognized Argosy Private Equity of Wayne, Pa. and Mizzen Capital, LP of Stamford, Conn. as the…
HUD: City of Indianapolis and HUD Partner to Take Possession of Indianapolis Housing Agency
Federal and local officials jointly addressing housing conditions and operational failures impacting Indianapolis residents. Today, HUD Principal Deputy Assistant Secretary Richard J. Monocchio and Indianapolis Mayor Joe Hogsett signed a Cooperative Endeavor Agreement (CEA) between the U.S. Department of Housing and Urban Development (HUD) and the City to jointly take action to restore public confidence in and…
FHFA: State Financial Regulators and FHFA Enter Into Mortgage Market Information Sharing Agreement
The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) yesterday entered into a formal agreement designed to facilitate information sharing with respect to nonbank mortgage companies. The memorandum of understanding establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify…
OCC: Acting Comptroller Discusses Creating Economic Opportunity for New Americans
Acting Comptroller of the Currency Michael J. Hsu today discussed the value of financial literacy for new Americans in remarks during the Financial Literacy and Education Commission’s Public Meeting. In his remarks, Mr. Hsu acknowledged that immigrants are important drivers of our economy, including through entrepreneurship and innovation; however, they are also more likely to…
OCC: Acting Comptroller Discusses Elevating Fairness in Banking
Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of fairness in remarks given at the National Community Reinvestment Coalition Just Economy Conference 2024. Mr. Hsu highlighted bank progress in overdraft protection program reforms since the OCC issued guidance last April and provided an update on Project REACh accomplishments regarding credit invisibles,…
FHFB: Implementation of FHLBank System at 100 Recommendations Advanced
The Federal Housing Finance Agency (FHFA) today is providing an update on its implementation of the recommendations of the Federal Home Loan Bank (FHLBank) System at 100: Focusing on the Future report, which was published in November 2023 and followed the first comprehensive evaluation of the FHLBank System in decades. A significant finding of the report is…