CRA Newswire

EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Transportation, Business Development and Tourism in Taos, NM

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 town of Taos, New Mexico, to build critical infrastructure to support the Taos Regional Airport and an adjacent business park. This EDA grant, to be matched with…

EDA: $713,300 Invested to Support Manufacturing and Business Expansion Efforts in Caldwell, TX

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $713,300 grant to the city of Caldwell, Texas, to make critical infrastructure improvements needed to support the growth of manufacturing in the region. This EDA grant, to be matched with $287,860 in local investment, is expected to create 23 jobs, retain 201…

OCC: Updated Contact Information Issued for Certain Notices and Posters Regarding CRA, Fair Housing Act and Equal Credit Opportunity Act

Summary This bulletin informs national banks, federal savings associations, and federal branches and agencies of foreign banking organizations (collectively, banks) of the appropriate names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act, and for posters under the Fair Housing Act. Banks should make the appropriate changes to…

CFPB: Interpretive Rule Issued on Certain Mortgage and Disclosure Timing Requirements for the 2021 Juneteenth Federal Holiday

Interpretive Rule will Help Mortgage Industry Determine How to Handle the June 19, 2021 Holiday The Consumer Financial Protection Bureau (CFPB) today released an interpretive rule to assist the mortgage industry in determining whether to treat June 19, 2021, as a federal holiday or a business day for purposes of compliance with certain time-sensitive borrower…

FDIC: List of Banks Examined for CRA Compliance in May 2021 Issued

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 May 2021. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

SBA: $150,000 Announced to Fund Women’s Business Center in Tulsa, OK

The U.S. Small Business Administration announced the availability of $150,000 for a new grant opportunity for established and aspiring Women’s Business Center host organizations to provide outcome-oriented business services for women entrepreneurs in Tulsa, Oklahoma. The purpose of this funding opportunity is to provide grant dollars for one nonprofit organization to start a new, community-based Women’s Business…

OCC: CRA Evaluations Released for 14 National Banks and Federal Savings Associations

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 July 1, 2021 through July 31, 2021. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

SBA: National Small Business Week Virtual Summit Announced for September 13-15

SBA to Host Three-Day Live Summit of Learning and Online Education Sessions for Small Businesses The U.S. Small Business Administration has announced its 2021 National Small Business Week Virtual Summit for September 13-15, 2021. This year’s events will spotlight the resilience of America’s entrepreneurs and the renewal of the small business economy as they build back better from the economic…

HUD: FHA Extends Single Family Eviction Moratorium

Today’s announcement extends the eviction moratorium through September 30 for foreclosed borrowers and other occupants and notes expiration of the foreclosure moratorium on July 31. The Federal Housing Administration (FHA) on July 30, 2021, announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021, and noted the expiration of the foreclosure moratorium on…

SBA: Contributions of Small Businesses Recognized as SBA Celebrates Nearly 70 Years of Service to America’s Entrepreneurs

The U.S. Small Business Administration today marks 68 years of service as a voice for America’s 30 million small businesses and innovative startups. For nearly seven decades, the SBA has been a part of the small business journey for business owners and entrepreneurs, helping them start, grow, expand, and recover from disasters. “Since our founding in 1953,…