ABA: Board and Officers Elected for 2023-2024
Members attending the American Bankers Association’s annual convention in Nashville, Tenn., have elected new ABA officers and directors to serve on ABA’s board for the 2023-2024 association year. The new officers are: Beginning new terms on the ABA board are: The above board members will join ABA President and CEO Rob Nichols, who also serves…
ABA: New National Survey Finds U.S. Consumers Remain Happy with Their Bank and Competitive Financial Services Marketplace
Survey also found consumers highly value overdraft protection and want Congress to allow banks to serve cannabis-related businesses More than 8 in 10 Americans (84%) say they are “very satisfied” or “satisfied” with their primary bank, and 94% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted…
FEMA: President Biden Approves Major Disaster Declaration for Vermont
FEMA announced that federal disaster assistance has been made available for the state of Vermont to supplement recovery efforts in the area affected by severe storms and flooding that occurred Aug. 3-5, 2023. The President’s action makes public assistance federal funding available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing…
HUD: Over $75 Million in Loan Guarantees Announced for Public Safety, Facility Improvements, Economic Development and Housing Projects
Today, the U.S. Department of Housing and Urban Development (HUD) awarded a total of $75 million in loan guarantee commitments to the cities of Omaha, Nebraska, Oakland, Fresno, and Redding in California. This funding will enable transformative investments in housing, community facilities, and economic development. “The Biden-Harris Administration and HUD are committed to building and…
CFPB: Advisory Committee Appointments Announced
Today, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to provide advice on a variety of…
FEMA: Charlotte & Hillsborough Counties in Florida Now Eligible for FEMA Individual Assistance due to Hurricane Idalia
Homeowners and renters who sustained losses from Hurricane Idalia in Charlotte and Hillsborough counties can apply for FEMA Individual Assistance. These counties join Citrus, Columbia, Dixie, Gilchrist, Hamilton, Hernando, Jefferson, Lafayette, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Suwannee and Taylor counties, which were previously approved for Individual Assistance. Survivors can apply by calling 800-621-3362, going…
SBA: Over $139 Million in Disaster Assistance Loans Provided to Maui Wildfires
Today, U.S. Small Business Administrator Isabella Casillas Guzman announced that the SBA has approved more than $139 million in federal disaster loans for Hawaii businesses, nonprofits, and residents impacted by Maui wildfires. Since the fires began, the SBA has approved $40,620,400 for businesses and $ 98,615,000 for residents to help rebuild and recover from the disaster. “The SBA,…
CDFI Fund: $321.2 Million in Capital Magnet Fund Awards Announced to Support Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 52 organizations $321.2 million today for the development of affordable housing and community facilities serving low-income individuals, families, and communities. These awards were made through the fiscal year (FY) 2023 round of the Capital Magnet Fund (CMF), and will support financing…