FDIC: Banker Teleconference Series: Small Business Resources for Community Banks
Printable Format: FIL-59-2017 – PDF (PDF Help) Summary: The FDIC will discuss small business resources and research pertinent to community banks, including the Money Smart for Small Businesses financial education program; the FDIC’s Small Business Lending Survey; and Community Reinvestment Act consideration for small business lending, services, and investments. A teleconference is scheduled for Tuesday,…
CFPB: Sixty-one Organizations Join the 2018 “Your Money, Your Goals” Cohort
We’re working to expand the reach of Your Money, Your Goals to more people across the country with the help of our new 2018 Your Money, Your Goals cohort organizations. In September, we invited organizations to submit applications to participate in our 2018 Your Money, Your Goals cohort. After reviewing the applications, we’ve selected 61…
CFPB: Add Your Company to the List of Sources for Free Credit Scores
If your company offers free credit scores and would like to be included on our list, respond to our recently posted Federal Register Notice. By Maria Jaramillo When people have access to their credit score, they can feel empowered to better manage their financial lives. They can do this by learning about their credit…
OCC: Acting Comptroller Explores the Separation of Banking and Commerce
Acting Comptroller of the Currency Keith A. Noreika today explored how the separation of banking and commerce evolved in the United States and called for a broader discussion of whether the separation continues to serve the best interest of the nation’s banking system and economy today. Related Links Remarks (PDF) Acting Comptroller of the Currency…
SBA: Most Active Surety Partners for FY17 Named
The U.S. Small Business Administration announced today its most active surety companies and agencies for fiscal year (FY) 2017, which contributed to increases in the Surety Bond Guarantee (SBG) Program’s activity. “FY2017 yielded impressive numbers that would not have been possible without our top performing surety partners and bond agencies,” said Peter Gibbs, Acting Director for…
SBA: DFW Small Businesses Receive Record Lending of Over $1 Billion for a Consecutive Third Year
Herbert Austin, District Director for the U.S. Small Business Administration (SBA)’s Dallas/Fort Worth (DFW) District Office announced today that fiscal year 2017 lending in the district’s 72 counties reached over $1.187 billion to 2062 small businesses. “This is another major milestone for the DFW district” said Austin. “For the third year in a row our…
OCC: Acting Comptroller Discusses Efforts to Promote Lending and Investment in Distressed Communities
Acting Comptroller of the Currency Keith A. Noreika today discussed efforts by the Office of the Comptroller of the Currency (OCC) to support lending and investment in distressed communities. During remarks at the National Association of Affordable Home Lenders Annual Conference, the Acting Comptroller described guidance finalized by the OCC in August that gives national…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization. Through…
CDFI Fund: Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Program
The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program…
SBA: 20 Growth Accelerator Fund Competition Recipients Announced
The U.S. Small Business Administration announces today 20 winners of the fourth Growth Accelerator Fund competition. The accelerators represent a broad set of industries and sectors from manufacturing to tech start-ups to farming with a diversified range of demographic groups. Each organization will receive from the SBA a cash prize of $50,000. In accepting these…