Industry News

OCC: Virtual Minority Depository Institutions Advisory Council Meeting Scheduled for April 26th

The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, April 26, 2022. The meeting is open to the public and will begin at 1:00 p.m. Eastern Daylight Time (EDT). The MDIAC advises the OCC on steps…

HUD: Additional $3.3 Million in American Rescue Plan Funds Made Available to Fight Housing Discrimination Related to the Coronavirus Pandemic

The U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making an additional $3,285,353 in American Rescue Plan (ARP) funding available to help HUD’s Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. Organizations that qualify for the funding, which is being awarded through FHIP’s…

HUD: National Fair Housing Month 2022 Commemorated

Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2022. This year’s Fair Housing Month theme, Fair Housing: More Than Just Words, underscores the Biden-Harris Administration’s commitment and progress toward advancing equity in housing and securing equal access to housing opportunities for all. “The Fair Housing Act recognized what generations…

SBA: Registration Opened for National Small Business Week Virtual Summit “Building a Better America Through Entrepreneurship”

Today, the U.S. Small Business Administration (SBA) announced that registration for its 2022 National Small Business WeekVirtual Summit, “Building a Better America Through Entrepreneurship,” is now open. This year’s National Small Business Week (NSBW), held May 1-7, 2022, will acknowledge small businesses from across the country for their resilience, ingenuity, and creativity. It will also recognize SBA partners for…

SBA: Small Business Digitial Alliance Publishes Library of Free Digital Tools for Small Businesses

In addition to the new digital tool library geared toward empowering entrepreneurs to scale their business, SBDA announces additional details of its first National Webinar Today, the Small Business Digital Alliance (SBDA), a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., published a comprehensive suite of free resources to help small businesses expand their customer…

EDA: $24.6 Million in American Rescue Plan Funds Invested in Communities Across the Nation

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding the following new grants funded by the American Rescue Plan. U.S. Department of Commerce Invests $1.6 Million in American Rescue Plan Funds to Support Small Businesses in Southwestern Oregon U.S. Department of Commerce Invests $500,000 in American…

SBA: Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Expanded

Vice President Kamala Harris Unveils Improvements to SBA Community Advantage Pilot Program at White House Event with SBA Administrator Isabella Guzman, Extending it to 2024, Ending New Lender Moratorium, and Lifting Loan Caps Today, Vice President Kamala Harris and 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…

FDIC: Request for Comment Issued on Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions

The Federal Deposit Insurance Corporation (FDIC) today is requesting public comment on draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. Although all financial institutions, regardless of size, may have material exposures to climate-related financial risks, these draft principles are intended for the largest…

SBA: Women’s Business Center Network Expands to All 50 States

Alaska Women’s Business Center is the SBA’s 141st WBC and marks the expansion of the Women’s Business Center network to every state in the nation 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 launch of the 141st Women’s Business Center (WBC)…

EDA: $3 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Northwest and Central Oklahoma

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund to support small businesses in 23 counties. Through this grant, SWIFT will…