Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to discuss modernizing the Community […]
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $656,231 grant to the Grenada County Board of Supervisors, Grenada, Mississippi, to make infrastructure improvements needed to help businesses expand within Grenada County’s Business and Technology Park. The EDA grant, to be matched with $256,492 in local […]
The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2019 through August 31, 2019. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks […]
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards, including the annual Small Business Person of the Year. For more than 50 years, National Small Business Week has celebrated the inspiring achievements of America’s small businesses and the countless contributions they make to […]
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Pulaski County, Arkansas, to extend and improve Zeuber Road in support of future industrial development. The EDA grant, to be matched with more than $3 million in state […]
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the East Montgomery County Improvement District (EMCID) of New Caney, Texas, to construct an office building on its existing industrial park to facilitate job creation and retention. The […]
National Preparedness Month kicks off in September with a week dedicated to helping people learn to “save early for disaster costs.” Anyone affected by a natural disaster will face unexpected costs — maybe a few nights in a hotel, a new vehicle, some home repairs or a complete rebuild. Some […]
Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation’s housing finance system. Read HUD’s housing finance reform plan. On March 27, 2019, President Trump issued a Memorandum on Federal Housing Finance Reform, directing HUD and the Department of Treasury to […]
Rental assistance demonstration will help house low-income seniors In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through […]
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2019. The CRA is a 1977 law intended to encourage insured banks and […]
