OCC: Acting Comptroller Hosts Access to Capital Forum in Denver to Highlight CRA Activities
Acting Comptroller of the Currency Brian Brooks today hosted an “Access to Capital Forum” in Denver to promote investment and lending in underserved areas and to highlight activities supported by the Office of the Comptroller of the Currency’s (OCC) new Community Reinvestment Act (CRA) rule. “Today, we brought together bankers, community developers, and advocates to…
FEMA: President Trump Approves Major Disaster Declaration for Louisiana
FEMA announced that federal disaster assistance has been made available to the state of Louisiana to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Laura from Aug. 22 to Aug. 27, 2020. The President’s action makes federal funding available to affected individuals in Allen, Beauregard, Calcasieu, Cameron and Jefferson Davis…
EDA: U.S. Department of Commerce Kicks Off STEM Talent Challenge, Strengthening Regional Innovation Economies
Today, U.S. Secretary of Commerce Wilbur Ross announced the opening of the Economic Development Administration’s (EDA) STEM Talent Challenge, which aims to support organizations’ efforts to boost local science, technology, engineering, and math (STEM) talent and workforce development models across the nation’s growing innovation economies. The $2 million STEM Talent Challenge will provide funding to…
FEMA: President Trump Approves Emergency Disaster Declaration for Arkansas
FEMA announced that federal emergency aid has been made available to the state of Arkansas to supplement state and local response efforts to the emergency conditions in the area affected by Hurricane Laura beginning Aug. 26, 2020, and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating…
Census Bureau: Small Business Pulse Survey Phase 2 Weekly Data Release
The U.S. Census Bureau today released new data from the second phase of the experimental Small Business Pulse Survey. Data collection began Aug. 9, 2020. Results will be released weekly starting Aug. 20 through Oct. 15, 2020. The second phase includes questions on the core concepts from the first phase of the survey, as well as…
HUD: FHA Extends Foreclosure and Eviction Moratorium for Homeowners through Year End
Third extension will allow FHA-insured homeowners economically impacted by COVID-19 to focus on financial recovery Today, the Federal Housing Administration (FHA) announced the third extension of its foreclosure and eviction moratorium through December 31, 2020, for homeowners with FHA-insured single family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. This extension provides an additional…
FHFA: Foreclosure and REO Eviction Moratoriums Extended
Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020. The foreclosure moratorium applies to…
CFPB: New Guide Released to Assist Non-Filers in Accessing their Economic Impact Payments
The Consumer Financial Protection Bureau (CFPB) released a guide to assist intermediaries in serving individuals to access their Economic Impact Payments (EIPs). The guide, Helping Consumers Claim the Economic Impact Payment: A guide for intermediary organizations , provides step-by-step instructions for frontline staff on how to: Discuss the EIP with their clients Determine if clients need to take…
CFPB: Analysis of 2019 HMDA Data Points Issued
Today the Consumer Financial Protection Bureau (Bureau) issued a new Home Mortgage Disclosure Act (HMDA) analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year. The Home Mortgage Disclosure Act (HMDA) is a data collection, reporting, and disclosure statute that was…
Census Bureau: New Report Released on Retail Workers
Today, the U.S. Census Bureau released Retail Workers: 2018, a new report on the nation’s retail workforce. Retail jobs are some of the most common occupations in the United States. This report does not reflect any possible economic impacts related to COVID-19, but instead serves as a pre-crisis benchmark for future research. In 2018, 9.8 million…