CRA Newswire

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 April 2020. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

OCC: CRA Evaluations for 21 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 June 1, 2020 through June 30, 2020. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

EDA: $1 Million Awarded for R2 Network Challange and Team Selected to Build Network for Innovation in Disaster Response & Resiliency Technology

The team selected to build the R2 Network is a public-private partnership of entrepreneurs, early stage investors, local government and public safety stakeholders Today, three U.S. Department of Commerce agencies, the Economic Development Administration (EDA), the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet Authority), announced the awardee of…

Census Bureau: Weekly Household Pulse Survey Data Released

 The Census Bureau today released new data from the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the availability of consumer goods…

HUD: Equal Access Rule Updated to Return Decision Making to Local Shelter Providers Regarding Sexual Orientation and Gender Identity

Rule upholds Department’s commitment to fair treatment of all individuals while allowing shelter providers to establish an admissions policy that best serves their unique communities  U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced a proposed modification to the 2016 portion of the Equal Access rule. The Equal Access rule requires…

SBA: New Members Appointed to the National Small Business Development Center Advisory Board

SBA Administrator Jovita Carranza today announced the appointment of six new members to the National Small Business Development Centers (SBDC) Advisory Board. “We are delighted to welcome new board members who bring with them a strong business acumen and extensive knowledge to the SBDC Advisory Board,” said SBA Administrator Jovita Carranza.  “The SBDC Advisory Board has played an…

HUD: Over $40 Million Awarded to Fight Housing Discrimination

Grants to support and promote fair housing nationwide  The U.S. Department of Housing and Urban Development (HUD) today awarded $40.8 million to support dozens of fair housing organizations working to help end housing discrimination (see grant chart below for full list of recipients). These funds are provided through the Department’s Fair Housing Initiatives Program (FHIP) both to…

FHFA: New Tenant Forebearance Protections Announced

Today, to help renters in multifamily properties stay in their homes and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements for up to…

OCC: Agency Highlights Key Risks for Federal Banking System

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Spring 2020. Banks entered the national health emergency related to COVID-19 in sound condition but face weak economic conditions…

CFPB: Tech Sprints Will Empower Consumers, Reduce Regulatory Burden

The Consumer Financial Protection Bureau (Bureau) today announced its first-ever Tech Sprints to reduce regulatory burden and improve consumer understanding of financial services. The Bureau’s Tech Sprints program will bring together regulators, technologists, software providers, consumer groups, and financial institutions to develop technological solutions to shared compliance challenges. The first Tech Sprint will kick off…