FDIC: Meeting of Advisory Committee on Community Banking Announced

The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, March 28. During the meeting, FDIC senior staff will discuss efforts regarding de novo institutions, community bank technical assistance efforts, the 2017 FDIC National Survey of Unbanked […]

CPFB: Enhancements to Advisory Committees Announced and Member Applications Now Open

Today the Consumer Financial Protection Bureau (Bureau) announced enhancements to its advisory committee charters. The enhancements are a result of CFPB Director Kathleen L. Kraninger’s engagement with current and former advisory committee members during her three-month listening tour.  “I’ve seen firsthand how the Bureau benefits from the valuable input provided […]

OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act

The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage […]

EDA: $1 Million Invested to Expand Broadband Service in South Bend, IN

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to St. Joseph County, Indiana, to expand high-speed broadband infrastructure at the Indiana Enterprise Center (IEC). According to grantee estimates, the project is expected to create 230 jobs and […]

HUD: Second Invitation Issued for Public Housing Agencies to Join “Moving to Work” Demonstration Program

MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting a second round of public housing agencies to join the Department’s expanding Moving to Work (MTW) demonstration program. Today’s invitation follows a similar notice last October seeking the first cohort under […]

Interagency: Agencies Announce Two Public Meetings on Merger of BB&T and SunTrust; Public Comment Period Extended

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Thursday announced that they will jointly hold two public meetings on the proposed merger of BB&T Corporation, Winston-Salem, North Carolina, with SunTrust Banks, Inc., Atlanta, Georgia. As part of the proposal, BB&T would merge SunTrust Bank with and […]

CFPB: Forty Organizations Join the 2019 “Your Money, Your Goals” Cohort

As part of its mission to empower consumers to make more informed financial decisions, the Bureau works through established community organizations and service providers to integrate financial empowerment tools and services. Today we welcome 40 new organizations to the 2019 Your Money, Your Goals cohort. Since 2013, the Bureau has worked through […]

SBA: National Small Business Week Announced

Today, the head of the U.S. Small Business Administration, Administrator Linda McMahonannounced that this year’s National Small Business Week will be held from May 5-11, 2019. Administrator McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners and SBA Resource Partners from around the […]