FHFA: Adverse Market Refinance Fee Eliminated
Allows certain borrowers to save more money when refinancing Today, to help families reduce their housing costs, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will eliminate the Adverse Market Refinance Fee for loan deliveries effective August 1, 2021. To allow families to save more money, lenders will…
FDIC: Minority Depository Institutions Subcommittee to Meet Virtually July 21st
July 21st virtual meeting to address issues important to minority banks The Federal Deposit Insurance Corporation (FDIC) today announced the agency’s Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking will hold an open meeting at 1 p.m. EDT on Wednesday, July 21, 2021. During the public portion of the meeting, subcommittee members…
FDIC: Meeting of the Advisory Committee on Community Banking Announced for July 22nd
The Federal Deposit Insurance Corporation (FDIC) today announced the agency’s Advisory Committee on Community Banking will meet on Thursday, July 22nd to discuss local banking conditions as well as the work of the Minority Depository Institutions Subcommittee. FDIC senior staff will also provide updates on supervision matters, regulatory financial inclusion efforts, and initiatives of the FDIC’s…
EDA: $3.2 Million Invested to Support Elk Valley Rancheria Indian Tribe Business Development and Job Growth Efforts
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to Elk Valley Rancheria, Crescent City, California, to support a new, Tribally-owned enterprise and foster economic growth and job creation. To be matched with more than $1.5 million in other Federal and local…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Build Critical Infrastructure and Support Tourism and Business Growth in Dyersville, IA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to the city of Dyersville, Iowa, to create and expand water and wastewater infrastructure to support tourism and business growth. This EDA grant, to be matched with $1 million…
OCC: First Anniversary of Project REACh Celebrated
Acting Comptroller of the Currency Michael J. Hsu today marked the first anniversary of Project REACh by hosting participants to celebrate the project’s accomplishments and to challenge them to set their sights even higher over the next two years. “Project REACh has generated a great deal of excitement and made great strides in its first…
FDIC: CFPB and FDIC Release Enhanced Version of Money Smart for Older Adults
The Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults. The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide. The enhancements to Money Smart for Older…
CFPB: FDIC and CFPB Release Enhanced Version of Money Smart for Older Adults
The Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults.The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide . The enhancements to Money Smart for Older Adults are…
ABA: Statement on Bank On Account Milestone
“We are thrilled to learn that more than 100 financial institutions, including a growing number of America’s banks, now offer low-cost Bank On certified accounts. We congratulate the Cities for Financial Empowerment Fund, which created the Bank On standards, for this important achievement and for the CFE Fund’s ongoing efforts to reduce the number of…
EDA: $7.7 Million in CARES Act Recovery Assistance Invested to Expand Bioscience Laboratory Facilities and Support Workforce Development Programs in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $7.7 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden is dedicated to supporting our nation’s economy as we build back better from the…