HUD: National Lead Poisioning Prevention Week 2023 Announced
The U.S. Department of Housing and Urban Development (HUD) joins its federal agency partners in highlighting National Lead Poisoning Prevention Week (NLPPW), October 22-28, 2023. HUD, the U.S. Environmental Protection Agency (EPA), and the Centers for Disease Control and Prevention (CDC), are working to raise awareness, provide resources, and encourage preventive actions to decrease childhood…
FDIC: Public Campaign Launched to Raise Awareness About Deposit Insurance
To increase the public’s awareness of deposit insurance and how it can protect people’s money in the event of a bank’s failure, the Federal Deposit Insurance Corporation (FDIC) today launched a national campaign, “Know Your Risk. Protect Your Money.” The consumer-focused campaign aims to reach those who may have lower confidence in the U.S. banking…
CFPB: New Guidance Issued to Halt Large Banks from Charging Junk Fees for Basic Customer Service
Advisory opinion provides guidance on 2010 legal provision regarding customer service by large financial firms Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about…
CFPB: Exams Return $140 Million to Consumers Hit by Illegal Junk Fees in Banking, Auto Loans and Remittances
New report shows most institutions have eliminated NSF fees, saving consumers $2 billion every year Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to protect consumers from illegal junk fees. The junk fees discussed in the report – including fees for fake paper…
SBA: Guest Lineup Unveiled for Small Business Cyber Summit
Cybersecurity and Business Experts Convene to Share Free Best Practices and Practical Tools for Small Businesses The U.S. Small Business Administration (SBA) will host its Small Business Cyber Summit during Cybersecurity Awareness Month this October, with free educational webinars for small business owners on Wednesday, Oct. 18 and 25, and Nov. 1. This year’s summit is part of…
SBA: Reach of Regional Innovation Cluster Network Expanded with Four New Awards
Regional Innovation Clusters Help Increase Startup and Small Business Participation in the U.S. Supply Chain Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced four contract awards to small businesses and entrepreneur support organization (ESO) partners, expanding the SBA’s Regional Innovation Clusters…
SBA: Financial Assistance Expanded to Native American Communities with Six New Grantees
Agency Announces New Tribal Grant Program, Expansion of Existing Efforts to Support Native American Entrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the creation of the Tribal College Small Business Achievement (TCSBA) grant, a new pilot program to support Native…
FHFA: Report Announced on the Sale of Non-Performing Loans by the Enterprises
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2022. Borrower outcomes reflect NPLs sold through June 30, 2022. The sale of NPLs…
EDA: $13.5 Million Invested to Support U.S. Manufacturers
Today, U.S. Secretary of Commerce Gina Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states/regions, are located in California, Colorado, Georgia, Illinois, Massachusetts, Michigan, Missouri,…
ABA: Reading Cooperative Bank CEO Julieann M. Thurlow Elected as New ABA Chair
The American Bankers Association today elected Julieann M. Thurlow as its chair for the 2023 – 2024 association year at ABA’s annual convention held in Nashville, Tenn. Thurlow is president and CEO of Reading Cooperative Bank, a 130+-year-old mutual community bank in Massachusetts. She is responsible for the bank’s strategic direction and management, and also…