CRA Newswire

FEMA: President Trump Approves Major Disaster Declaration for California

The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of California to supplement state, tribal and local recovery efforts in the areas affected by wildfires and highs winds from July 23, 2018 and continuing. The President’s action makes federal funding available to affected individuals in Shasta County….

FEMA: President Trump Approves Major Disaster Declaration for Michigan

The Federal Emergency Management Agency announced yesterday that federal disaster assistance has been made available to the state of Michigan to supplement state, tribal and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from June 16 to June 18, 2018. Federal funding is available to the state, tribal and…

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 May 2018. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

OCC: CRA Evaluations for 40 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 July 1, 2018 through July 31, 2018. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

CFPB: Building a Bridge to Credit Symposium Scheduled for September 17th

Mark your calendar to join the Bureau of Consumer Financial Protection for a day-long symposium, Building a Bridge to Credit Visibility. This event will explore challenges many consumers face in accessing credit. Sessions also will highlight strategies and innovations to overcome barriers and expand consumer credit access. This event is open to the public, however space…

SBA: Award Nominations Open for 2019 National Small Business Week Awards

The U.S. Small Business Administration is now accepting nominations for its 2019 National Small Business Week Awards, including the annual Small Business Person of the Year. Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to our nation’s economy. “This is…

FHFA: Public Comment Period Extended until November 16th for Proposed Enterprise Capital Requirements Rule

The Federal Housing Finance Agency (FHFA) today announced that it is extending the public comment period for the Agency’s proposed rule on Enterprise Capital Requirements by an additional 60 days. The previous deadline for comments was September 17, 2018. The new deadline will be November 16, 2018. FHFA is extending the public comment period due to…

OCC: Financial Technology Companies Can Now Apply for a National Bank Charter

The Office of the Comptroller of the Currency (OCC) today announced it will begin accepting applications for national bank charters from nondepository financial technology (fintech) companies engaged in the business of banking. “Over the past 150 years banks and the federal banking system have been the source of tremendous innovation that has improved banking services…

FEMA: President Trump Approves Major Disaster Declaration for Vermont

The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Vermont to supplement state and local recovery efforts in the areas affected by severe storm and flooding from May 4 to May 5, 2018. Federal funding is available to the state and eligible local governments…

HUD: $1.5 Billion Disaster Recovery Plan Approved for Puerto Rico

Action plan focuses on housing, infrastructure and economic development WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced HUD has approved a $1.5 billion disaster recovery plan to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. Puerto Rico recently submitted the plan for HUD’s review…