Industry News

ABA: Teens Encouraged to Submit Videos in ABA Foundation’s 10th Annual “Lights, Camera, Save!” Contest

Creative teens with video skills and a passion for sound money management can now submit entries in the American Bankers Association Foundation’s 10th annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national competition that encourages teens to educate their peers about using money wisely through the creative use of video. Through Lights, Camera,…

CFPB: Advisory Committee Members Announced

Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced the appointment of members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These experts advise Bureau leadership on a broad range of consumer financial issues and emerging market trends.   “The Bureau is…

CDFI Fund: CY 2019 NMTC Applicant FAQs Updated

The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website: an updated NMTC Program Allocation Application Frequently Asked Questions (FAQs) document; a revised 2019 NMTC Program Allocation Application; and a pre-recorded webinar demonstrating the application submission process in AMIS. The updates to these documents are provided in response to specific questions raised…

ABA: Arkansas Bankers, Former USDA Official Receive Top Ag Banking Awards

The American Bankers Association today announced the recipients of both the Bruning and Blanchfield Awards, the association’s premier awards presented for contributions to agricultural lending. This year, ABA will present the Bruning Award to a husband-and-wife team known for their dedication to agricultural banking: Gary Canada Sr., chairman and president of the Bank of England…

HUD: Nearly $43 Million in Housing Counseling Grants Awarded

Funding intended to help families find and keep their homes The U.S. Department of Housing and Urban Development (HUD) today awarded $42.8 million in housing counseling grants to help approximately one million Americans make more informed housing choices, keep their current homes, or receive assistance to help them avoid foreclosure. Nearly half of the state…

FEMA: Five Parishes Added to Louisiana Disaster Declaration for Public Assistance Following Hurricane Barry

At the request of the state of Louisiana, Lafayette, Livingston, Pointe Coupee, St. Bernard and St. Martin parishes have been added to the August 27 major disaster declaration for preparations and damages related to Hurricane Barry.  The additional parishes are now eligible for FEMA’s Public Assistance (PA) funding to supplement state and local recovery efforts in the areas affected by Hurricane Barry between…

HUD: White House Opportunity and Revitalization Council Introduces opportunity zones.gov

New website will serve as comprehensive tool for the Opportunity Zones initiative Today, Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the Opportunity Zones initiative. Visit the Opportunity Zones website. Opportunity…

EDA: $7.3 Million Invested in Infrastructure and Workforce Training Efforts in California Opportunity Zones

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $7.3 million in the state of California to help build and repair critical infrastructure and advance workforce training efforts. The grants, to be located in or to serve Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1…

EDA: $5 Million Invested to Establish New Workforce Training Center in Houston, TX Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to SER-Jobs for Progress of the Texas Gulf Coast, Inc., Houston, Texas, to help establish a new workforce training center that will help develop skilled workers to support the growth of critical business sectors….

EDA: $3 Million Invested to Boost Workforce Training Opportunities in San Bernardino, CA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the San Bernardino Community College District, San Bernardino, California, to modernize two existing buildings for a new workforce development facility. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone,…