HUD: $1.3 Million Announced to Prevent Homelessness
Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….
CDFI Fund: Public Comments Sought on the Small Dollar Loan Program Application
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S….
EDA: $3.3 Million Invested for Water and Wastewater Infrastructure Improvements to Support Industrial Development and Job Growth in Rice Lake, MN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.3 million grant to the city of Rice Lake, Minnesota, for water and wastewater infrastructure improvements to boost industrial development and job growth in the region. This grant will help establish a new Minnesota Power service center in…
EDA: $700,375 Invested for Utility Infrastructure Improvements to Support Local Businesses in Sweet Home, OR
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,375 grant to the city of Sweet Home, Oregon, for utility infrastructure improvements to serve businesses in the region. This grant will provide for three power generators, providing uninterrupted service and water to businesses in a region recently impacted by winter storms….
Agencies Issue Statement on Elder Financial Exploitation
Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults who experience financial exploitation can lose their life savings and financial security and face other…
SBA: Interagency Task Force to Address Veteran Small Business Development at December 11th Public Meeting
Today, the U.S. Small Business Administration (SBA) announced that the upcoming quarterly meeting for the Interagency Task Force (IATF) on Veterans Small Business Development will be Wednesday, Dec. 11. This meeting is open to the public. “Veterans and military families have an innate persistence that makes them well-suited for entrepreneurship and the Small Business Administration is proud…
FHFA: Deemed-Issuance Ratio for Trading of Uniform Mortgage-Backed Securities Announced for 2025
Ratio changes to 51 Percent Fannie Mae and 49 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2025 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification reporting on the bonds ultimately…
Federal Banking Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden
The federal bank regulatory agencies today announced their third notice requesting comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires the Federal Financial Institutions Examination Council and federal bank regulatory agencies to review their regulations at least once every 10 years to identify outdated or otherwise unnecessary regulatory…
CFPB: Rule Proposed to Stop Data Brokers from Selling Sensitive Personal Data
Rule seeks to protect Americans from crime and illegal foreign surveillance The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and financial information. The proposed rule would limit the sale of personal identifiers like Social Security Numbers and phone numbers collected by certain companies…