FDIC: Fact Sheet Issued to the Public on FDIC Deposit Insurance and Crypto Companies
The Federal Deposit Insurance Corporation (FDIC) today published the Fact Sheet: What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies Recently, some crypto companies have misrepresented to consumers that crypto products are eligible for FDIC deposit insurance coverage or that customers are FDIC–insured if the crypto company fails. These sorts of statements…
CFPB: Justice Department and CFPB Caution Auto Finance Companies about Servicemember Protections
Joint Letter Reminds Auto Finance Companies of Key Federal Protections The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers Civil Relief Act (SCRA). While servicemembers have the same rights as…
SBA: Two Federal Advisory Committees Announced to Accelerate American Innovation and Access to Capital to Small Businesses and Startups
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses and startups in President Biden’s Cabinet, announced the establishment of two new federal advisory committees, the Invention, Innovation, and Entrepreneurship Advisory Committee (IIEAC) and the Investment Capital Advisory Committee (ICAC), to accelerate support for startups driving critical innovation across…
CDFI Fund: Request for Public Comment Issued Regarding Minority Lending Institution Designation Criteria
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting public comment regarding the criteria to designate a certified Community Development Financial Institution (CDFI) as a Minority Lending Institution (MLI). Pursuant to Section 523 of Division N of the Consolidated Appropriations Act, 2021 (Act; Pub. L. 116-260), an MLI is…
ABA: New Multicultural and Financial Inclusion Training Launched
New online courses to help bank employees meet the needs of increasingly diverse customer base and expand access to banking As part of the American Bankers Association’s ongoing commitment to financial inclusion, ABA today launched three new online courses for bank employees designed to enhance multicultural banking services, promote diversity, equity and inclusion, and reduce…
HUD: $621,000 Announced to Keep Former Foster Youth Housed
14 Public Housing Agencies in 12 States receiving funding to prevent homelessness faced by youth involved in the child welfare system The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of nearly $621,000 to 14 public housing agencies (PHAs) in 12 states to provide housing assistance to youth who are aging…
HUD: Over $36 Million Awarded in Mainstream Vouchers and Fees to Support Community Living for People with Disabilites
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of more than $36 million for Mainstream Vouchers and additional administrative fees to 218 public housing agencies (PHAs) in 46 states to assist people with disabilities. Mainstream Vouchers help people secure housing in the community as they transition from institutional settings. As…
HUD: New Steps Announced to Lower Electricity Bills for Residents in HUD Programs
New HUD Actions to Connect HUD-Assisted Residents and Homeowners to Solar Power and Lower Energy Costs The Biden Administration, through the U.S. Department of Housing and Urban Development, announced today new measures to connect families served by HUD programs to solar power and help lower their electricity bills. Over 4.5 million low-income families are currently…
EDA: $2.3 Million Invested for Infrastructure Upgrades to Support Manufacturing in Jaffrey, NH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the town of Jaffrey, New Hampshire, to boost the local manufacturing sector by building a water treatment plant and transmission lines as part of the Cold Springs Water System project. This project…
EDA: $3.9 Million Invested to Support Carbon Manufacturing Industry in Pineville, WV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.9 million grant to the Wyoming County Economic Development Authority, Pineville, West Virginia, to construct three buildings needed to support manufacturing in the Barkers Creek Industrial Park. This project will support a new industry in carbon…