FEMA: President Biden Approves Major Disaster Declaration for Iowa
FEMA announced that federal disaster assistance has been made available to the state of Iowa to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes on Dec. 15, 2021. Federal funding is available to the state, eligible local and tribal governments and certain private nonprofit organizations…
SBA: Small Business Digital Alliance National Members and First Slate of Events Announced
Fortune 500 companies and more sign on to new initiative to help small businesses grow their online footprint through access to free digital tools Today, the Small Business Digital Alliance (SBDA) announced its national members and a slate of upcoming events. The SBDA is a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., a non-profit…
EDA: Strong Response to the Good Jobs Challenge Announced, Demonstrating Applicants’ Commitment to Creating New Opportunities for America’s Workforce
509 Applications Received from Partnerships across all States, Territories and the District of Columbia Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it has received 509 applications for its American Rescue Plan Good Jobs Challenge program. Applicants represent significant interest from a diverse range of stakeholders in communities across America: EDA…
OCC: Second and Third Quarter 2022 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2022. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should…
CFPB: New Standards Issued to Outline Options to Prevent Algorithmic Bias in Home Valuations
Standards will help protect homebuyers and owners during the valuation process The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses. “It is tempting to think that…
Interagency Statment Released on Special Purpose Credit Programs Under ECOA and Regulation B
The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB or Bureau), the Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), and the Federal…
FHFA: U.S. House Prices Rise 17.5 Percent Over the Last Year; Up 3.3 Percent from the Third Quarter
U.S. house prices rose 17.5 percent from the fourth quarter of 2020 to the fourth quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.3 percent compared to the third quarter of 2021. FHFA’s seasonally adjusted monthly index for December was up 1.2 percent from November. “House prices continued to climb but…
OCC: New Frequently Asked Questions Regarding the Final Rule to Rescind the OCC’s June 2020 CRA Rule Issued
The Office of the Comptroller of the Currency (OCC) today issued responses to frequently asked questions (FAQ) about the December 2021 final rule1 to rescind the OCC’s Community Reinvestment Act (CRA) rule issued on June 5, 2020 (June 2020 CRA rule).2 The December 2021 CRA final rule, effective January 1, 2022, replaced the June 2020 CRA rule…
FEMA: President Biden Approves Major Disaster Declaration for Kansas
FEMA announced that federal disaster assistance has been made available to the state of Kansas to supplement state, tribal and local recovery efforts in the areas affected by severe storms and straight-line winds on Dec. 15, 2021. Federal funding is available to the state, eligible local and tribal governments and certain private nonprofit organizations on…
HUD: Disaster Assistance Announced for Kansas Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Kansas affected by severe storms and straight-line winds on December 15, 2021. On February 17, President Biden issued a major disaster declaration for the counties of Barton, Brown, Clay,…