FEMA: President Trump Approves Major Disaster Declaration for South Dakota
FEMA announced that federal disaster assistance has been made available to the state of South Dakota to supplement state, tribal and local recovery efforts in the areas affected by severe storms, tornadoes and flooding beginning on June 30 to July 21, 2019. The President’s action makes federal funding available to the state, tribal, eligible local…
FDIC: New Members of Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of four new members to its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section…
CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Over $1.6 Billion Guaranteed for Projects in Distressed Communities since Establishment of Program U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued on behalf of three Eligible CDFIs…
ABA: Credit Card Delinquencies Fall as Other Consumer Delinquencies Rise Slightly
Consumer credit delinquencies were mixed in the second quarter, with delinquencies falling for bank cards (credit cards provided by banks) and rising for the composite index of closed-end loans, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in eight of the 11 categories tracked by ABA while three…
SBA: 2020 National Small Business Week Award Nomination Period Now Open
The U.S. Small Business Administration is now accepting nominations for its 2020 National Small Business Week Awards. Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week (NSBW), which recognizes the critical contributions of America’s entrepreneurs and small business owners. As part of the NSBW, the…
OCC: Comptroller of the Currency Discusses Community Reinvestment, Honored for His Community Service
Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference. During his comments, Comptroller Otting highlighted the importance of modernizing the regulatory framework implementing the Community Reinvestment Act (CRA). “Since 1977, the CRA has steered trillions of dollars in investment, lending, and…
Census Bureau: Celebrating Manufacturing Day
The U.S. Census Bureau today celebrates the importance of the manufacturing sector to the nation’s economy during the eighth annual observance of Manufacturing Day. The event is traditionally held the first Friday in October, which has been set aside to recognize this sector’s vast contributions. The Census Bureau has created a Manufacturing Day home page which contains valuable…
ABA: Teens Encouraged to Submit Videos in ABA Foundation’s 10th Annual “Lights, Camera, Save!” Contest
Creative teens with video skills and a passion for sound money management can now submit entries in the American Bankers Association Foundation’s 10th annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national competition that encourages teens to educate their peers about using money wisely through the creative use of video. Through Lights, Camera,…
FEMA: President Trump Approves Major Disaster Declaration for Texas
FEMA announced that federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by Tropical Storm Imelda beginning on Sept. 17 -23, 2019. The President’s action makes federal funding available to affected individuals in Chambers, Harris, Jefferson, Liberty, Montgomery, and Orange counties. …