EDA: $800,000 Invested in American Rescue Plan Funds to Plan Redevelopment of Former Coal Power Plant Site in Springfield, MO
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding an $800,000 grant to the city of Springfield, Missouri, to conduct planning efforts for the redevelopment of the Lake Springfield area. This grant is funded by the American Rescue Plan and EDA’s $300 million Coal Communities Commitment. This grant…
FHFA: Input Requested on Strategic Plan for Fiscal Years 2022-2026
Public input to be received during 30-day period The Federal Housing Finance Agency (FHFA) today requests input on its Draft Strategic Plan, which outlines the Agency’s priorities for the coming years as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). The Strategic Plan contains…
ABA: Foundation Launches 2022 Financial Education Campaigns and Unveils New Free Resources for Banks
The American Bankers Association Foundation today launched its 2022 financial education campaigns, calling on America’s banks and their more than two million employees across the nation to participate in these important and effective industry-wide efforts to promote consumer financial readiness. This year, the ABA Foundation will offer four specific initiatives that encourage banker volunteers to…
FDIC: Acting Chairman Gruenberg Announces FDIC Priorities for 2022 Including CRA Modernization
Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg released this morning the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system. The FDIC carries out this mission through its responsibilities for deposit insurance, banking…
FDIC: National Bankers Association and FDIC to Co-host Podcast Series On Financial Inclusion and Minority Banks
The Federal Deposit Insurance Corporation (FDIC) and the National Bankers Association (NBA) today announced a new joint series of podcasts that will showcase public- and private-sector efforts to preserve and promote Minority Depository Institutions (MDIs) and advance diversity and inclusion across financial services. “Banking on Inclusion,” a special series of the FDIC Podcast, will discuss the…
Federal Bank Regulatory Agencies to Host the 2022 National Interagency Community Reinvestment Conference
The three federal bank regulatory agencies and the Federal Reserve Banks of Chicago and San Francisco will host the 2022 National Interagency Community Reinvestment Conference on March 15-17. The biennial conference offers participants from around the country the opportunity to learn about the Community Reinvestment Act (CRA); participate in regulator-led training on CRA examinations; and…
SBA: $150,000 Announced to Fund Historic Women’s Business Center Expansion in Alaska
The New Funding Will Support the SBA’s First WBC in Alaska in a Decade. This WBC is the Latest in a Series of Historic Openings to Reach Underrepresented Communities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the availability of $150,000 for a new…
SBA: New Funding Announced to Expand Outreach Center for Women Entrepreneurs through Minority Serving Institutions
$1.5M Will be Awarded to Support the Expansion of the Agency’s Women’s Business Centers Across HBCUs and Higher Education Institutions Serving Hispanic, Tribal and AAPI Communities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the availability of $1.5 million…
FDIC: #GetBanked Campaign Expanded to Los Angeles, Dallas and Detroit
Public awareness push to promote financial inclusion among the unbanked As part of its ongoing work to expand financial inclusion to unbanked individuals and families, the Federal Deposit Insurance Corporation (FDIC) today announced it will expand its #GetBanked public awareness campaign into the Los Angeles, Dallas, and Detroit metropolitan areas. The FDIC’s #GetBanked campaign is focused on…
ABA: Banks Encouraged to Host 12th Annual Lights, Camera, Save! Teen Video Contest
Popular national competition promotes financial education The American Bankers Association Foundation is urging banks across the country to participate in its upcoming Lights, Camera, Save! video competition that runs from Feb. 21 to March 31. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. The…