FDIC: Eight New Members Named to Advisory Committee on Community Banking

June 1st meeting to address a wide range of community banking issues The Federal Deposit Insurance Corporation (FDIC) today announced eight new members of the agency’s Advisory Committee on Community Banking: Thomas Bates, President & CEO, Legends Bank, Clarksville, Tennessee Michael Culhane, President & CEO, North Cambridge Co-operative Bank, Cambridge, Massachusetts […]

SBA: New Initiative to Launch to Increase Federal Contracting with Small Disadvantaged Businesses

8(a) MAS Pool Initiative Will Help More 8(a)-certified Firms Gain Access to Federal Contracting Opportunities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), and Administrator Robin Carnahan, head of the U.S. General Services Administration (GSA), announced a joint effort, known as the 8(a) MAS Pool Initiative, to help small disadvantaged […]

OCC: Acting Comptroller Discusses Financial Inclusion

Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currency’s (OCC) commitment to a fair and inclusive financial system in remarks at the Bank On National Conference. In his remarks, the Acting Comptroller discussed progress made by the CFE Fund and Bank […]

FDIC: Advisory Committee on Economic Inclusion to Meet on May 24th

One New Member also Announced The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE–IN) will meet on Wednesday, May 24, 2023, to discuss updates from Committee members about key challenges facing their communities or organizations. There will also be panel discussions on opportunities for entities that administer […]

SBA: 2023 Growth Accelerator Fund Competition Stage One Winners Announced

Opportunity for organizations to partner with Stage One winners in Stage Two for up to $5 million in total additional prizes to strengthen innovation ecosystems nationwide Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) 2023 Growth Accelerator Fund Competition Stage One “Catalyze” winners to fund and build strategic ecosystem partnerships […]

HUD: FHA Finalizes Policies to Expedite Claims Processing for Home Equity Conversion Mortgages

New policies are expected to shorten the timeframe for mortgagees to receive Home Equity Conversion Mortgage assignment funds. Today, the Federal Housing Administration (FHA) is announcing new policies that will allow for faster payment of funds to mortgagees when they assign a Home Equity Conversion Mortgage (HECM), also known as a reverse […]

EDA: Global Delegation to Visit Greater Seattle Region for Americas Competitiveness Exchange

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 50-60 senior-level government, business, policy and economic leaders from 22 countries will participate in the 16th Americas Competitiveness Exchange (ACE) in the greater […]

EDA: First Economic Development District Designated in Puerto Rico

Today, U.S. Deputy Secretary of Commerce and Puerto Rico Economic Growth CoordinatorDon Graves announced that the Department’s Economic Development Administration (EDA) has designated the first regional Economic Development District (EDD) in Puerto Rico, the Southern Puerto Rico Economic Development District (SPREDD). “President Biden is committed to ensuring that no community or […]