SBA: Small Business Digital Alliance National Members and First Slate of Events Announced
Fortune 500 companies and more sign on to new initiative to help small businesses grow their online footprint through access to free digital tools Today, the Small Business Digital Alliance (SBDA) announced its national members and a slate of upcoming events. The SBDA is a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., a non-profit…
EDA: Strong Response to the Good Jobs Challenge Announced, Demonstrating Applicants’ Commitment to Creating New Opportunities for America’s Workforce
509 Applications Received from Partnerships across all States, Territories and the District of Columbia Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has received 509 applications for its American Rescue Plan Good Jobs Challenge program. Applicants represent significant interest from a diverse range of stakeholders in communities across America: EDA…
CFPB: New Standards Issued to Outline Options to Prevent Algorithmic Bias in Home Valuations
Standards will help protect homebuyers and owners during the valuation process The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses. “It is tempting to think that…
Interagency Statment Released on Special Purpose Credit Programs Under ECOA and Regulation B
The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB or Bureau), the Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), and the Federal…
CFPB: Scrutiny of Student Loan Servicers and Public Service Loan Forgiveness Stepped Up
Bulletin Follows Findings That Servicers Made Deceptive Statements to Borrowers About Loan Cancellation for Public Service Today the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the Public Service Loan Forgiveness (PSLF) Waiver. The bulletin recommends actions servicers should consider…
CDFI Fund: New System for Award Management Transitions DUNS to Unique Entity Identifier Beginning March 18, 2022
Effective March 18, 2022, the Community Development Financial Institutions Fund (CDFI Fund) will begin utilizing the new System for Award Management (SAM) issued Unique Entity Identifier (UEI) in its Awards Management Information System (AMIS). What is the UEI?Beginning April 4, 2022, the federal government will stop using the Dun & Bradstreet issued Data Universal Numbering…
EDA: $1.2 Million in American Rescue Plan Funds Invested to Expand Resources for Creative Arts Businesses and Entrepreneurs in Albuquerque, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million American Rescue Plan Economic Adjustment Assistance grant to the Keshet Dance Company, Albuquerque, New Mexico, to renovate the Keshet Ideas and Innovation Center. The project will create additional space and support for artisans and creative-based…
EDA: $1.1 Million in American Rescue Plan Funds Invested to Provide Technical Assistance to Small Buisnesses in South San Francisco, CA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.1 million American Rescue Plan Economic Adjustment Assistance grant to the city of South San Francisco, California, to develop the North County Business Resource Center. The new facility will benefit low and moderate income. and previously underserved…
ABA: Banks Begin Accepting Entries for ABA Foundation’s Annual “Lights, Camera, Save!” Teen Video Contest on February 21st
Banks across the nation will begin accepting entries for the American Bankers Association Foundation’s 12th annual Lights, Camera, Save! video contest on Mon., Feb 21. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of the ABA Foundation’s most popular…
CFPB: New Way Launched for the Public to Petition Agency for Action
Reforms Will Help the Public to Exercise their Constitutional Rights The Consumer Financial Protection Bureau (CFPB) today made it easier for the public to meaningfully engage with the agency and request regulatory changes. Starting today, members of the public can submit petitions for rulemaking directly to the CFPB. The petitions will be posted on public dockets…