SBA: Administrator McMahon Appoints Mary Anne Bradfield as Chief of Staff
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration (SBA) announced today that Mary Anne Bradfield will serve as her new Chief of Staff. “I’m so pleased to have Mary Anne by my side. Her wealth of private and public sector leadership and management experience, including four years of experience at SBA in…
OCC: Supporting America Saves Week
WASHINGTON — Comptroller of the Currency Thomas J. Curry today released the following statement in recognition of America Saves Week, February 27 – March 4, 2017: The Office of the Comptroller of the Currency supports America Saves Week to highlight the importance of building regular savings to meet future needs, achieve a level of financial…
CDFI Fund: FY 2017 Funding Round for CDFI Program and NACA Program Opens
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program). The CDFI Fund plans to award $190.5 million in FY 2017 in Financial Assistance (FA) and…
CDFI Fund: FY 2016 Funding Round of BEA Program Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2016 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 of the February 24, 2017 publication of the…
CFPB: Using alternative data to evaluate creditworthiness
Without credit, it is nearly impossible to buy a home or start a business. People face barriers to accessing credit or have to pay more for credit for several reasons. Some people have negative items, such as a record of late payments, on their credit report. Other people have trouble documenting their income. Still others…
CFPB: Bureau Explores Impact of Alternative Data on Credit Access for Consumers Who Are Credit Invisible
CFPB Seeks Public Feedback on Benefits, Risks of Using Unconventional Sources to Extend Affordable Credit to Consumers Lacking Credit History WASHINGTON, D.C. – The Consumer Financial Protection Bureau today launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score….
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. …