CRA Newswire

Federal Reserve: New York Fed Releases Report About Credit Access and Debt Payment for Low-Income Americans

The Federal Reserve Bank of New York today released a report on the effects COVID-19 has had on low-income Americans’ ability to access credit and pay down debt.  The report, “State of Low-Income America: Credit Access & Debt Payment,” uses data from the New York Fed’s Consumer Credit Panel, which is based on Equifax credit…

Census Bureau: New and Updated North American Product Classification System Codes (NAPCS) Published

 Today the U.S. Census Bureau published new and updated North American Product Classification System (NAPCS) codes as part of the 2017 Economic Census. The NAPCS is a comprehensive, market-based, hierarchical classification system for goods and services.  The NAPCS: Is not industry-of-origin based but can be linked to the North American Industry Classification System (NAICS) industry structure. Is consistent…

Census Bureau: Small Business Pulse Survey Phase 3 Weekly Data Released

The U.S. Census Bureau today released new data from the third phase of the Small Business Pulse Survey. Data collection began November 9, 2020. Results will be released weekly starting November 19, 2020, through January 14, 2021. No changes were made to the questionnaire for this phase. Data are available through the Small Business Pulse Survey Interactive…

EDA: $2.4 Million in CARES Act Recovery Assistance to Implement a Technical Assistance Program and Support Businesses in Louisana

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Louisiana Department of Economic Development, Baton Rouge, Louisiana, to develop a technical assistance program and support business attraction and retention efforts across the state in response to adverse…

EDA: $1.9 Million in CARES Act Recovery Assistance to Expand Simulation Training Laboratory for Nursing Students in Springfield, MO Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million CARES Act Recovery Assistance grant to Cox College, Springfield, Missouri, to renovate and expand a simulation laboratory to train nursing students on critical equipment so they are better equipped to assist patients during and after…

Federal Reserve: Webinar Scheduled for December 16th on Proposal to Modernize CRA

Every community deserves the opportunity to thrive. Our economy depends on it. Modernizing the Community Reinvestment Act (CRA) is an opportunity to address systemic barriers to credit and financial services that continue to hold many communities back. Join us on 12/16 at 10:00 a.m. PT to learn about the Fed’s proposed changes and how you can…

Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Released

The U.S. Census Bureau today released new data from the third phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the…

FHFA: Final Capital Rule Announced for Fannie Mae and Freddie Mac

Today, the Federal Housing Finance Agency (FHFA) sent to the Federal Register for publication a final rule that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac (the Enterprises). The final rule makes certain changes to the proposed rule published in the Federal Register on June 30, 2020 (proposed rule).[1] ​That proposed rule…

FDIC: Financial Advisors Sought to Establish New “Mission-Driven Bank Fund” to Support FDIC-Insured Minority Banks and CDFIs

The Federal Deposit Insurance Corporation (FDIC) today announced a competition to choose one or more experienced financial advisors to support the development of a new Mission-Driven Bank Fund. The Fund will provide a vehicle for private sector and philanthropic investment in FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). The selected financial advisor(s)…