Interim Final Rule Provides Temporary Relief to Community Banking Organizations Due to Coronavirus Response

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response.  Community banking organizations are subject to different […]

Federal Reserve: New York Fed Releases Report About Credit Access and Debt Payment for Low-Income Americans

The Federal Reserve Bank of New York today released a report on the effects COVID-19 has had on low-income Americans’ ability to access credit and pay down debt.  The report, “State of Low-Income America: Credit Access & Debt Payment,” uses data from the New York Fed’s Consumer Credit Panel, which […]

Census Bureau: New and Updated North American Product Classification System Codes (NAPCS) Published

 Today the U.S. Census Bureau published new and updated North American Product Classification System (NAPCS) codes as part of the 2017 Economic Census. The NAPCS is a comprehensive, market-based, hierarchical classification system for goods and services.  The NAPCS: Is not industry-of-origin based but can be linked to the North American Industry Classification System […]

EDA: $2.4 Million in CARES Act Recovery Assistance to Implement a Technical Assistance Program and Support Businesses in Louisana

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Louisiana Department of Economic Development, Baton Rouge, Louisiana, to develop a technical assistance program and support business attraction and retention efforts across the […]

EDA: $1.9 Million in CARES Act Recovery Assistance to Expand Simulation Training Laboratory for Nursing Students in Springfield, MO Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million CARES Act Recovery Assistance grant to Cox College, Springfield, Missouri, to renovate and expand a simulation laboratory to train nursing students on critical equipment so they are better equipped to […]

Federal Reserve: Webinar Scheduled for December 16th on Proposal to Modernize CRA

Every community deserves the opportunity to thrive. Our economy depends on it. Modernizing the Community Reinvestment Act (CRA) is an opportunity to address systemic barriers to credit and financial services that continue to hold many communities back. Join us on 12/16 at 10:00 a.m. PT to learn about the Fed’s proposed […]

Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Released

The U.S. Census Bureau today released new data from the third phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, […]