ABA: National Survey Finds Majority of U.S. Consumers Think Congress Should Hold Credit Unions Accountable to Same Legal Standards as Banks
U.S. consumers believe federal credit unions should be held accountable for meeting the same legal standards as the banks they compete with for customers every day, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. In addition, three times as many consumers believe credit unions should pay federal…
HUD: Veteran Homelessness Drops to Lowest on Record
Today, the U.S. Interagency Council on Homelessness (USICH), U.S. Department of Housing and Urban Development (HUD), and U.S. Department of Veterans Affairs (VA) announced that veteran homelessness has dropped to its lowest level on record since the annual Point-in-Time (PIT) started counting this data in 2009. The 2024 PIT data-which will be published by HUD…
FHFA: FHLB Bank Parnterships with Fannie Mae and Freddie Mac Announced to Expand Housing Access for Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities. In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access…
Census Bureau: New Report Released on U.S. Veterans and Service-Connected Disabilities
The share of U.S. veterans with service-connected disabilities increased from 15% in 2008 to about 30% in 2022, according to a new report released today by the U.S. Census Bureau. The report, Trends in Veteran Disability Status and Service-Connected Disability: 2008–2022, investigates disability among veterans of the U.S. armed forces and how they compared to the broader…
FEMA: President Biden Approves Disaster Declaration for the Seminole Tribe of Florida
FEMA announced today that federal disaster assistance is available to the Seminole Tribe of Florida to supplement the tribe’s efforts in the areas affected by Hurricane Milton beginning on Oct. 5, 2024, and continuing. The President’s action makes federal funding available to affected individuals in the Seminole Tribe of Florida. Assistance can include grants for…
SBA: Surety Program Notches Best Year in 25 Years, Bonding $2.8B in Contracts to Small Businesses
Agency Announces Top Performing Surety Partners, Bonding Agencies “Under the Biden-Harris Administration, the SBA’s capital programs have been transformed to reach new highs as we continue to deliver historic levels of support for small businesses – including those benefiting from new contracts and supply chain expansion under the President’s Investing in America Agenda,” said SBA Administrator…
FDIC: New Online Tool Unveiled at the Minority Depository Institutions Subcommittee Meeting to Promote Creation of New Minority Banks
The Federal Deposit Insurance Corporation (FDIC) will introduce a new online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from banking services. The FDIC’s new Minority Banking Opportunity Explorer will be presented at a meeting of the agency’s Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community…
HUD: Aid Offered to Juneau, Alaska Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the state of Alaska and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by flooding from August 5 to August 6, 2024. President Biden issued a major disaster declaration in the City…
FEMA: President Biden Approves Disaster Declaration for the Cheyenne River Sioux Tribe
FEMA announced today that federal disaster assistance is available to the Cheyenne River Sioux Tribe to supplement the Tribal Nation’s efforts in the areas affected by a severe storm, straight-line winds and flooding from July 13-14, 2024. The President’s action makes federal funding available to affected individuals in the Cheyenne River Sioux Tribe. Assistance can…