FEMA: President Trump Approves Emergency Declaration for Tennessee

FEMA announced federal disaster assistance has been made available to the state of Tennessee to supplement the state’s response efforts in the area affected by an explosion on Dec. 25. The President’s action authorizes FEMA to provide appropriate assistance for required emergency measures, authorized under Title V of the Stafford […]

HUD: $10 Million in Capacity Building Grants for Rural America Announced

Grants help national non-profits build capacity to create affordable housing and stimulate community development in rural areas The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in capacity-building grants to five national non-profit organizations which will, in turn, fund rural housing development organizations, Community Development Corporations […]

FHFA: Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021 Announced

The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.  The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing […]

CFPB: Taskforce on Federal Consumer Financial Law Releases Its Report

The Consumer Financial Protection Bureau (Bureau) Taskforce on Federal Consumer Financial Law (Taskforce) released a report today with recommendations on how to improve consumer protection in the financial marketplace. The Taskforce Report uses five interrelated principles that serve as the foundation for proposed systematic changes to the current legal and regulatory […]

FEMA: Salt Lake County Eligible for FEMA Public Assistance Funding for Magna Earthquake

On Dec. 31, 2020 President Trump announced additional disaster assistance is available for Salt Lake County. The aid comes in the form FEMA Public Assistance funding to supplement state and local efforts to recover from the Magna Quake and aftershocks between March 18 and April 17, 2020. Assistance covers eligible […]

SBA: Largest Expansion of Women’s Business Centers in 30 Years Launched

20 Women’s Business Centers to Open Across America Supporting Women-Owned Small Businesses The U.S. Small Business Administration today announced grant funding and the historic launch of 20 new Women’s Business Centers (WBC) across America to serve rural, urban and underserved communities alike.  The opening of the 20 new WBCs is the largest single expansion […]

FDIC: List of Banks Examined for CRA Compliance 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 October 2020.   The CRA is a 1977 law intended to encourage insured banks and […]

FEMA: President Donald J. Trump Approves Major Disaster Declaration for Mississippi

FEMA announced federal disaster assistance has been made available to the state of Mississippi to supplement state and local recovery efforts in the areas affected by Hurricane Zeta from Oct. 28-29.   The President’s action makes federal funding available to affected individuals in George, Greene, Hancock, Harrison, Jackson and Stone counties. […]