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…
EDA: $1.1 Million Invested to Support an Inter-Regional Economic Development Plan and Create Jobs in Metropolitan Washington, D.C.
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Connected DMV, an organization located in Arlington, Virginia, to support their ‘DMV Regional Equity and Growth Playbook’ to boost business growth and create jobs. This EDA project will be matched with $286,671…
ABA: National Survey Shows U.S. Consumers Give Banks High Marks on Performance and Information Security
Nine in 10 Americans with a bank account (88%) say they are “very satisfied” or “satisfied” with their primary bank, and 97% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, conducted earlier this month…
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…
FDIC: New Tool Released to Build Financial Capability
FDIC released How Money Smart Are You? on September 30th. This suite of 14 self-paced games and related resources is the newest addition to FDIC’s Money Smart product family. This new educational tool provides practical knowledge to help consumers manage their finances with confidence. Users play games to learn more about borrowing money, managing debt, saving and…
EDA: $2.9 Million in CARES Act Recovery Assistance Invested to Build Broadband Infrastructure to Serve Businesses and Residents in Farmersville, TX
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million CARES Act Recovery Assistance grant to the city of Farmersville, Texas, to build new fiber optic broadband infrastructure to support businesses and residents. This EDA grant will be matched with $727,203 in local funds….
EDA: $2 Million in CARES Act Recovery Assistance Invested for Rail Expansion to Support Manufacturing Sector in Wynne, AR
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the city of Wynne, Arkansas, to construct a new industrial rail spur facility to support local manufacturers. This EDA grant, to be matched with $500,000 in local funds,…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested for Rail Port Improvements to Support Businesses and Create Jobs in Lubbock, TX
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the Lubbock Economic Development Alliance, Lubbock, Texas, for enhancements to the Lubbock Rail Port, supporting job creation and business expansion. This EDA grant, to be matched with $1.2…
EDA: $1.1 Million Invested to Support Healthcare Workforce Programs to Benefit Coal Communities in Western Colorado
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Colorado Mesa University (CMU), Grand Junction, Colorado, to provide equipment and technology to support physician’s assistant, physical therapy, and occupational therapy degree programs. This EDA grant will be matched with $280,495 in…