CFPB: No Action Letter Issued to Upstart Network, Inc. to Facilitate the Use of Artificial Intelligence in Loan Pricing and Underwriting
The Consumer Financial Protection Bureau (Bureau) granted a no-action letter (NAL) to Upstart Network, Inc. (Upstart), regarding its automated model for underwriting and pricing applicants for unsecured, closed-end loans. Issued under the updated NAL Policy from last year, NALs provide increased regulatory certainty that the Bureau will not bring a supervisory or enforcement action against…
FEMA: Additional Help Approved for Nine California Counties Due to Wildfires
Additional help has been approved for nine California counties ravaged by the September/October wildfires. The following assistance, approved Nov. 25, is added to the Oct. 16 presidential disaster declaration for the wildfire period Sept. 4 through Nov. 17, 2020: Del Norte County for Public Assistance, including direct federal assistance. Fresno, Madera, Mendocino, Napa, Shasta, Siskiyou,…
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: $13.3 Million Invested to Improve Transportation Infrastructure in Chico, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $13.3 million grant to the city of Chico, California, to make roadway improvements needed to increase access to an airport and three major job centers. The EDA grant is expected to create 620 jobs, retain 200 jobs,…
EDA: $4.4 Million Invested to Support Commercial Fishing Workforce Development Efforts in American Samoa Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the American Samoa Government, Pago Pago, American Samoa, to support commercial fishing workforce development and economic diversification efforts. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will create…
EDA: $1.49 Million in CARES Act Recovery Assistance Invested to Expand Healthcare Delivery Capacity on Coquille Indian Tribe’s Kilkich Reservation
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.49 million CARES Act Recovery Assistance grant to the Coquille Indian Tribe, North Bend, Oregon, to purchase equipment and supplies needed to expand patient capacity and respond to the coronavirus pandemic through the Ko-Kwel Wellness Center, currently…
EDA: $1.45 Million Invested to Make Water System Infrastructure Improvements in Georgetown, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.45 million grant to the city of Georgetown, South Carolina, to make water infrastructure improvements needed to support commercial and industrial growth following destruction caused by Hurricane Florence. The EDA grant will be matched with $364,740 in…
CFPB: Bureau Launches Refreshed Website with a New Interactive Enforcement Database
Today, the Consumer Financial Protection Bureau (Bureau) launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to information. Notably, the refresh will also include a new interactive enforcement database to help the public track the Bureau’s enforcement actions. Through these…
Census Bureau: Virtual Summit to Highlight Data Innovations Scheduled for December 9-11
What: The U.S. Census Bureau is celebrating the fifth anniversary of The Opportunity Project (TOP) at its first-ever three day virtual conference, featuring more than 35 new products from the Census Bureau and industry collaborators. There will be 24 sessions at this year’s conference including keynotes, lightning talks and discussions on government innovation, open data strategy and technology for…
HUD: Recovery Housing Program to Aid Americans Recovering from Substance Abuse Launched
The pilot program would provide housing and stability to those who are currently in recovery from substance abuse disorder U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the publication of the Notice for HUD’s pilot Recovery Housing Program (RHP). The program was authorized by the SUPPORT Act to provide stable, temporary housing…