SBA: Linda McMahon Confirmed by Senate as SBA Administrator
WASHINGTON – The U.S. Senate confirmed on Tuesday President Donald Trump’s nomination of Linda E. McMahon as the 25th Administrator of the U.S. Small Business Administration. “Small businesses are the engine of our national economy,” McMahon said upon her confirmation. “I will work to revitalize a spirit of entrepreneurship in America. Small businesses want to…
FDIC: Joins the Money Smart Alliance Program Made Easier
Printable Format: FIL-8-2017 – PDF (PDF Help) Summary: The FDIC’s Money Smart Alliance program is a network of financial institutions, nonprofits, and governmental organizations that use the FDIC’s financial education curriculum to provide training to consumers, small businesses, and others. Qualified organizations can join the alliance or renew their membership on the program’s recently enhanced website that also…
CDFI Fund: Registration Open for FY 2017 CDFI Program and NACA Program In-Person Application Workshops
Registration is now open to attend in-person application workshops for the fiscal year (FY) 2017 application round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The Community Development Financial Institutions Fund (CDFI Fund) is still tentatively planning to open the FY 2017 application round for the…
FHFA: Deadline Extended for Public Input on Potential Chattel Loan Pilot in Duty to Serve Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is extending the deadline, from Feb. 17, 2017 to March 21, 2017, for stakeholders to respond to a request for input on potential manufactured home chattel loans pilot initiatives for Fannie Mae and Freddie Mac (the Enterprises) as part of the Duty to Serve underserved markets. …
HUD: Grants Offered to Clean up Lead-Based Paint Hazards
WASHINGTON – The U.S. Department of Housing and Urban Development has announced that it is making grants available to help eliminate dangerous lead-based paint hazards from lower income homes in order to protect young children. Additionally, this funding will provide an opportunity for local communities to establish and support programs to control other housing-related health and…
CDFI Fund: Update to NMTC Certification, Compliance, and Monitoring FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for New Markets Tax Credit compliance on its website. This document supersedes the December 2015 publications of the FAQ document by adding, revising, or updating select questions from the earlier edition. The major updates includes: Revised guidance regarding restrictions on…
ABA: New Report Examiners Banks’ Use of Social Media
66 percent plan to increase spending on social media resources this year WASHINGTON – Three out of four bankers believe social media is important to their banks and 66 percent plan to increase spending on social media resources this year, according to a new report released today by the American Bankers Association. “The State of…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb. 8 WASHINGTON — The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry. Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates…
CFPB: Debt Relief Attorneys Sued for Collecting Illegal Fees from Struggling Consumers
WASHINGTON, D.C. – The Consumer Financial Protection Bureau today took action against a ring of law firms and attorneys who collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleges that Howard Law, P.C., the Williamson Law Firm, LLC, and Williamson & Howard, LLP, as well as…
OCC: Supporting Earned Income Tax Credit Awareness Day
WASHINGTON — Comptroller of the Currency Thomas J. Curry issued the following statement recognizing Earned Income Tax Credit (EITC) Awareness Day. The Office of the Comptroller of the Currency (OCC) is pleased to support Earned Income Tax Credit Awareness Day, a nationwide effort to educate the public about a valuable tax benefit for working families…