CRA Newswire

EDA: $2 Million Invested to Support Aviation Research Center at Wichita State University

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Wichita State University, Wichita, Kansas, to purchase key tools and supplies to support the new Flight Test Research Center and a Maintenance, Repair, and Overhaul facility for the National Institute for Aviation…

EDA: $840,000 in CARES Act Recovery Assistance Invested to Support Business Growth in Alameda County, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $840,400 CARES Act Recovery Assistance grant to Alameda County, California, to support recovery of the region’s economy by providing technical assistance and other resources to small and medium-sized businesses. This EDA grant will be matched with $840,400 in local investment. “President Biden…

Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released

The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price…

EDA: First Awards Distributed under EDA’s American Rescue Plan Programs Announced

Statewide Economic Development Planning Grants Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo is pleased to announce that the Department’s Economic Development Administration (EDA) has begun awarding its historic $3 billion in American Rescue Plan funds to assist communities nationwide in their efforts to build back…

CFPB: Tech Giants Ordered to Turn Over Information on their Payment System Plans

Orders will help CFPB monitor for data surveillance, access restrictions, and other consumer protection risks as payments technologies and markets evolve Today, the Consumer Financial Protection Bureau (CFPB) issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States. The information will help…

ABA: Credit Market Expectations for Businesses and Consumers Confirm Solid Economic Outlook

The chief economists of North America’s largest banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…

ABA: Bank Employees Across U.S. Celebrate Get Smart About Credit Day and Share Financial Knowledge with Students

Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by sharing information with teens and young adults on a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth…

Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released

The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative health care for children. The…

ABA: Officers and Board for 2021-2022 Elected

Members attending the American Bankers Association’s annual convention in Tampa, Fla. have elected new ABA officers and directors to serve on ABA’s board for the 2021-2022 association year. The new officers are: CHAIR: A. Scott Anderson, president and CEO, Zions Bank, Salt Lake City; CHAIR-ELECT: Daniel D. Robb, president and CEO, Jonesburg State Bank, Jonesburg,…

FHFA: Two Measures Advancing Housing Sustainability and Affordability Announced

Expands Eligibility for Fannie Mae’s and Freddie Mac’s Refinance Programs for Low- and Moderate-Income Borrowers and Restores Desktop Appraisal Flexibility The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities. “Expanding eligibility for low- and moderate-income families to refinance…