SBA: 2017 InnovateHER Challenge National Competition Award Winners Announced
Linda McMahon, head of the U.S. Small Business Administration, today announced the winners of the 2017 InnovateHER Challenge, the SBA’s nationwide live-pitch competition highlighting the innovative products, services, and technologies developed by visionary entrepreneurs that have a measurable impact on the lives of women and families, and in the marketplace. “It is my pleasure to…
Federal Reserve: New Members of Community Advisory Council Announced
The Federal Reserve Board on Thursday announced five new members of its Community Advisory Council (CAC). The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC…
ABA: ABA to Congress – GSE Reform Essential to Stability of Housing Finance
The American Bankers Association outlined a set of key principles that should guide GSE reform, and explained why legislative action is needed to preserve access for lenders of all sizes and from all regions of the country in testimony before the House Financial Services Committee today. Brenda Hughes, senior vice president and director of mortgage…
HUD: Observing National Lead Poisoning Prevention Week
HUD and its partners to generate awareness of lead poisoning and solutions October 22 – 28 Nearly half a million children living in the United States have elevated levels of lead in their blood that may cause significant harm to their health. To help increase awareness of this preventable disease, the U.S. Department of Housing…
FHFA: Preferred Language Question to be Added to the Redesigned Uniform Residential Loan Application
The Federal Housing Finance Agency (FHFA) today announced its decision to add a preferred language question to the redesigned Uniform Residential Loan Application (URLA). This question will enable borrowers who prefer to communicate in a language other than English to identify that language. It also provides clear disclosures that the mortgage transaction is likely to…
FDIC: Personnel Changes Announced at Agency
Chief Information Officer The FDIC Board has appointed Howard Whyte as Chief Information Officer. Mr. Whyte has more than 20 years of information technology and security experience in the federal government, military, and private sector. Since January 2017, Mr. Whyte has been the Chief Information Security Officer (CISO) at the FDIC. In that role, he…
Federal Reserve: Speech | Financial Innovation: A World in Transition
We live in a world defined by the rapid pace of technological change. Four of the five largest U.S. companies by market capitalization are classified as “technology companies,” where the term describes the products that these companies sell and how they operate. Thanks to decades of investment in information technology, especially in electronic communication networks,…
CFPB: Seeking Feedback on Draft Strategic Plan FY 2018-2022
CFPB is required to produce a new strategic plan that establishes our mission, strategic goals, and strategic objectives for the next five years. We have posted a draft strategic plan for fiscal years 2018 to 2022 , and we invite your feedback. Please send your comments on our draft strategic plan to strategy@cfpb.gov by Nov. 18, 2017.
CFPB: Principles Outlined for Consumer-Authorized Financial Data Sharing and Aggregation
The Consumer Financial Protection Bureau (CFPB) today outlined principles for protecting consumers when they authorize third party companies to access their financial data to provide certain financial products and services. These principles are intended to help foster the development of innovative financial products and services, increase competition in financial markets, and empower consumers to take…
ABA: Bankers Celebrate Get Smart about Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 19 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day on Oct. 19 by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third…