CDFI Fund: FY 2017 Funding Round Of BEA Program Open
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation the publication of the FY 2017 Notice of…
SBA: Office Rolls Out New Lender Match Tool To Connect Small Businesses And Lenders
Administrator Linda McMahon, head of the U.S. Small Business Administration, today announced the launch of Lender Match, the SBA’s online referral tool connecting small business borrowers with participating SBA lenders. Lender Match is an upgrade to LINC (Leveraging Information and Networks to access Capital), introduced as a pilot in 2015. “The SBA’s mission to help…
FDIC: Webinar To Highlight Spanish-Language Financial Education Resources
In recognition of Hispanic Heritage Month, the Federal Deposit Insurance Corporation (FDIC) invites organizations that serve the U.S. Spanish-speaking population and members of their communities to participate in an upcoming webinar that will highlight the agency’s Spanish-language consumer resources. The webinar will be conducted in Spanish and is scheduled for October 12, from 3:00 p.m….
OCC: Bank Supervision Operating Plan for Fiscal Year 2018 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2018. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual banks. OCC staff members use this plan to guide their supervisory priorities, planning, and resource allocations. The plan…
CFPB: FFIEC Announces Availability Of 2016 HMDA Data On Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and include: Applications, originations, purchases, sales of…
SBA: SBA Adopts Office Of Management And Budget’s NAICS 2017 Revision For Its Table Of Small Business Standards
The U.S. Small Business Administration issued a final rule adopting the U.S. Office of Management and Budget’s (OMB) North American Industry Classification System (NAICS) revision for 2017 (NAICS 2017) for its table of small business size standards. The final rule is published in the Federal Register at: https://www.gpo.gov/fdsys/pkg/FR-2017-09-27/pdf/2017-20705.pdf NAICS 2017 created 21 new industries by reclassifying, combining, or…
FHFA: Input Requested On Draft Strategic Plan For Fiscal Years 2018-2022
The Federal Housing Finance Agency (FHFA) is requesting input on FHFA’s Strategic Plan: Fiscal Years 2018-2022. FHFA’s draft strategic plan reflects the Agency’s priorities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises). FHFA is requesting input from Members of Congress, the…
CDFI Fund: Treasury Guarantees $245 Million in Bond Funding for Projects in Low-Income Communities
Washington, DC—U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury issued two guarantees totaling $245 million under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantees were issued on behalf of nine Eligible CDFIs under the fiscal year (FY) 2017 round of the program. Over $1.36…
ABA: Foundation Honors Six Banks with Community Commitment Awards
Categories range from affordable housing to community and economic development WASHINGTON — Six banks have been recognized as leaders in corporate social responsibility with an American Bankers Association Foundation Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to economic inclusion. Winners will be presented…
SBA: Ignite Tour Continues to Boise, Idaho
WHAT: Linda McMahon, head of the U.S. Small Business Administration and voice of small businesses on the President’s Cabinet, sparks her nationwide SBA Ignite Tour focused on listening to business owners; educating about SBA’s services for access to capital, mentoring and federal contracting; advocating for entrepreneurs and driving economic growth with small businesses. WHEN: …