Census Bureau: Updated 2020 Census Website Launches

The U.S. Census Bureau recently launched a new version of 2020census.gov. The new website adds features, resources and materials to help inform the public about the 2020 Census. The site includes dozens of new Statistics in Schools materials, a new webpage to share facts about the 2020 Census, information on applying for […]

FHFA: Revised Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced

 The Federal Housing Finance Agency (FHFA) today announced a revised cap structure on the multifamily businesses of Fannie Mae and Freddie Mac (the Enterprises).  The new multifamily loan purchase caps will be $100 billion for each Enterprise, a combined total of $200 billion in support to the multifamily market, for […]

EDA: $1.6 Million Invested to Support Business Development in Swainsboro, GA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the Emanuel County Development Authority of Swainsboro, Georgia, to make critical water and sewer system improvements needed to support business growth. The project, to be located in a Tax […]

OCC: Comptroller Discusses Community Reinvestment Act, Honored for his Philanthropy

Comptroller of the Currency Joseph Otting today discussed community reinvestment and economic opportunity during remarks at the 2019 Illumination Reception hosted by the Oasis Center International, in Santa Ana, Calif. During his comments, Comptroller Otting highlighted how the Community Reinvestment Act (CRA) encouraged investment and funding that help make the work […]

EDA: $1.8 Million Invested to Provide Critical Infrastructure in West Plaims, MS

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the city of West Plains, Missouri, to make critical infrastructure improvements needed to establish storm water detention basins that will protect the local business community from flooding. The […]

CFPB: Bureau and State Regulators Launch American Consumer Financial Innovation Network

The Consumer Financial Protection Bureau (Bureau), working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN), a network to enhance coordination among federal and state regulators to facilitate financial innovation. The Bureau invited all state regulators to join ACFIN, and the initial members of ACFIN […]

CFPB: Policies Issued to Facilitate Compliance and Promote Innovation

First No-Action Letter Issued to HUD Housing Counseling Agencies  The Consumer Financial Protection Bureau (Bureau) today issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS) Policy. The Bureau proposed the policies in 2018 and […]

CDFI Fund: Certification Requirements Changed for CDFI Program, NACA Program Financial Assistance Applicants

On March 8, 2019, the CDFI Fund issued a Request for Public Comment on the fiscal year (FY) 2020-2022 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Application. After reviewing the comments received, the CDFI Fund has decided to proceed with updating the certification requirements […]

ABA: New Video Series Launched to Highlight Career Opportunities in Banking

The American Bankers Association today launched a new series of videos highlighting the diverse and rewarding career opportunities available in banking today. The videos, which profile eight employees working in different jobs at banks of all sizes across the country, are available on ABA’s new Careers in Banking webpage, which also features […]

OCC: Comptroller Visits Compton, CA to Discuss How to Increase Community Reinvestment

Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to discuss modernizing the Community […]