EDA: $3 Million in CARES Act Recovery Assistance Invested to Expand High-Speed Internet in Michigan’s Eastern Upper Peninsula

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Merit Network, Inc., Ann Arbor, Michigan, to support construction of a 70-mile, middle-mile fiber optic infrastructure, which will expand access to high-speed internet […]

OCC: CRA Evaluations for 23 National Banks and Federal Savings Associations Released

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 April 1, 2022, through April 30, 2022. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks […]

CFPB: Supervisory Report Finds Unlawful Auto Repossessions and Breakdowns in Credit Report Disputes

Agency examiners identify improper practices across consumer financial products and services Today, the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the second half of 2021. The report details key findings across consumer financial products and services. “While […]

ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards

The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the […]

Census Bureau: 2020 County Business Patterns Now Available

The U.S. Census Bureau today released the 2020 County Business Patterns (CBP). This annual series of statistics provides subnational economic data by industry. These data show detailed annual information on the number of establishments, employment during the week of March 12, and first quarter and annual payroll at the national, state, […]

Census Bureau: Profile America Audio Podcast Ends 25-Year Run

The U.S. Census Bureau’s current daily podcast Profile America Audio will come to an end after 25 years on April 30. Profile America began in 1997 with one-minute audio clips and scripts that have connected Census Bureau data to a wide range of familiar and sometimes overlooked national holidays, anniversaries, observances, celebrations and historic […]

EDA: Over $52.4 Million in American Rescue Plan Funds Invested to Support Economic Development and Put People Back to Work

These projects were made possible by regional planning efforts led by the South Carolina Appalachian Council of Governments (SCACOG). EDA funds SCACOG to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs. This project […]

ABA: Foundation Recognizes ‘Lights, Camera, Save!’ Winners for 2022

Ohio Teen Named Grand Prize Winner of National Video Contest Brodie Bosworth, a 17-year-old student at Lancaster High School in Lancaster, Ohio, is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! teen video contest for his entry, “Money Tree.” The ABA Foundation announced the national contest […]

SBA: 2022 National Small Business Week Co-Sponsors and Virtual Summit Event Schedule Announced

Official partners support SBA message of “Building a Better America Through Entrepreneurship” Today, the U.S. Small Business Administration announced the official cosponsors and schedule for its 2022 National Small Business Week (NSBW) Virtual Summit, themed “Building a Better America Through Entrepreneurship,” taking place May 2-5, 2022. National Small Business Week events are made possible every year […]

FHFA: Fannie Mae and Freddie Mac Duty to Serve Underserved Markets Plans for 2022-2024 Announced

The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) Program. The DTS Plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation, and rural housing. The targets and strategies in […]