Servicers Should Gear Up for Expected Surge in Homeowners Needing Assistance The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent a wave of avoidable foreclosures this fall. Millions of homeowners currently in forbearance will need help from their servicers when the […]
Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window
The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve’s “discount window” so that they can continue supporting households and businesses. The discount window provides short-term loans to banks and plays an important role in supporting the liquidity and stability of the banking system. […]
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FDIC: Four Institutions Recognized for Financial Literacy
Organizations honored during America Saves Week As America Saves Week approaches, the Federal Deposit Insurance Corporation (FDIC) today is recognizing four institutions for their work to expand financial education and support healthy banking relationships. Read more: Money Smart News – Winter 2020. America Saves Week, which runs from February 24–29, is an annual […]
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EDA: Investment Made to Support Development on Unmanned Aerial System Test Range in Pendleton, OR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Pendleton, Oregon, to make infrastructure improvements at Eastern Oregon Regional Airport needed for the development of an Unmanned Aerial Systems (UAS) test range. “President Trump […]
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