SBA: Small Business Saturday Kicks-off in Neighborhoods across America
Annual celebration attracts more than 100 million consumers U.S. Small Business Administrator Linda McMahon is encouraging Americans to support local communities by shopping at small businesses on Saturday, November 24. Celebrated each year on the Saturday after Thanksgiving, Small Business Saturday allows consumers to make a tremendous impact in their neighborhoods by supporting a local…
CFPB: Three Ways to Enjoy the Holidays Without Going into Debt
The holidays are a time of giving, from traveling to see family and friends to shopping for gifts. For many people, all of this spending can add up quickly. During the 2017 holiday season, American credit card debt rose at the second-fastest pace in 10 years according to the Federal Reserve. You can ease some…
CDFI Fund: Update for FY 2019 CDFI Bond Guarantee Program Applicants – Applications Now Available in AMIS
The electronic applications for the fiscal year (FY) 2019 round of the CDFI Bond Guarantee Program are now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). In addition, the CDFI Fund has posted a PDF version of the Qualified Issuer and Guarantee applications along with an AMIS Bond…
FEMA: Additional Federal Assistance Approved for 10 Florida Counties
Ten Florida counties affected by Hurricane Michael are now eligible for federal assistance to help pay for the cost of repairing damaged public infrastructure and responding to the storm. FEMA announced that state and local government agencies, and certain private nonprofits including houses of worship, in these counties will now be eligible for assistance under…
FDIC: Banker Teleconference on November 28th to Cover FDIC 2017 National Survey of Unbanked and Underbanked Households
FIL-73-2018 Summary: The FDIC will discuss the results of its 2017 biennial National Survey of Unbanked and Underbanked Households during a teleconference scheduled for Wednesday, November 28, 2018, from 2:00 p.m. to 3:30 p.m. Eastern Time. Other topics to be discussed include economic inclusion resources pertinent to community banks, including the Money Smart for Adults…
HUD: FHA 2018 Annual Report to Congress Released
Capital Reserves remain above statutory minimum for fourth straight year The Federal Housing Administration (FHA) today released its 2018 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year (FY) 2018, the MMI Fund had a total Economic Net…
FHFA: Fannie Mae and Freddie Mac Refinance Volume Decreases in Third Quarter 2018
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 253,135 refinances in the third quarter of 2018, compared with 299,460 in the second quarter. FHFA’s third quarter Refinance Report also shows that 1,865 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP…
FHFA: 2018 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2018. For the tenth consecutive year, FHFA received an unmodified audit opinion on its FY…
FDIC: Information on Small-Dollar Lending Requested
The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking public comment on issues related to small-dollar lending by FDIC-supervised financial institutions. The Request for Information (RFI) solicits comments on the consumer demand for small-dollar credit products, the supply of small-dollar credit products currently offered by banks, and what the FDIC can do…
FDIC: 2018 Version of Money Smart for Adults Released
The FDIC today released the 2018 version of its popular instructor-led Money Smart for Adults financial education curriculum. Instructors can use the fully scripted materials with minimal preparation to deliver unbiased, relevant, and accurate financial education. “The FDIC’s Money Smart for Adults helps people gain the knowledge, confidence, and skills to use banks more effectively…