Federal Reserve: CRA Analytics Data Tables Published
The Federal Reserve Board on Friday released a series of Community Reinvestment Act (CRA) Analytics Data Tables. This data resource is intended to provide insight into the historical relationship between bank lending activity and regulatory assessments. The tables combine Home Mortgage Disclosure Act (HMDA) data, CRA small business and small farm loan data, and manually…
OCC: Comptroller Tours Memphis to Discuss Community Reinvestment
Comptroller of the Currency Joseph Otting and Operation HOPE Founder, Chairman, and Chief Executive Officer John Hope Bryant today led a community tour of Memphis to highlight successful examples of and opportunities for financing community reinvestment, economic revitalization, and financial empowerment. The community tour brought together more than 60 bankers and community leaders, including Memphis…
CFPB: Key Steps to Prevent Consumer Harm Announced Including Proposed Whistleblower Award Program
The Consumer Financial Protection Bureau (Bureau) today announced three steps to advance its strategy on one of its key priorities: preventing consumer harm. The Bureau is: Implementing an advisory opinion program to provide clear guidance to assist companies in better understanding their legal and regulatory obligations through advisory opinions; Amending and reissuing its responsible business…
FEMA: President Trump Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement state and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds and flooding on March 3, 2020. The President’s action makes federal funding available to affected individuals in Davidson, Putnam and Wilson counties. Assistance…
HUD: Additional $1.1 Million Announced to Public Housing Authorities to Assist Young People Aging Out of Foster Care
Funding supports youth aging out of foster care to avoid homelessness Today, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced an additional $1.1 million in funding for HUD’s new Foster Youth to Independence (FYI) Initiative. Ten housing authorities will receive this funding, continuing HUD’s efforts to assist young adults transitioning out of foster care…
EDA: $1.5 Million Invested to Make Critical Roadway Improvements Needed to Support Business Growth in Springdale, AR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Springdale, Arkansas, to support business growth by improving roadway infrastructure needed to ease the movement of commercial traffic. The EDA grant, to be matched with $1 million in local funds,…
Interagency: 2020 National Interagency Community Reinvestment Conference March 9-12 in Denver Postponed
After careful consideration of the growing public health concerns associated with the coronavirus (COVID-19), the organizing sponsors of the 2020 National Interagency Community Reinvestment Conference (NICRC), scheduled March 9-12 in Denver, Colorado, have made the decision to postpone the conference. The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit…
EDA: $2.2 Million Invested to Establish Disaster Recovery Headquarters in San Angelo, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to Concho Valley Council of Governments (CVCOG) in San Angelo, Texas, to purchase a building to serve as CVCOG’s regional headquarters. The facility will provide disaster recovery and economic development services to the region….
EDA: $1.1 Million Invested to Improve Freight Rail Connector to Serve Businesses in Catoosa, OK Port
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the Tulsa Port of Catoosa, Oklahoma, to improve the critical freight rail infrastructure in the busy port city, which is prone to natural disasters. The EDA grant will be matched with $1.1 million…