ABA: New Survey Shows Americans Remain Highly Satisfied with Their Bank
Nearly 9 in 10 Americans with a bank account (88 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 96 percent rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled…
FDIC: Buckeye State Bank Assumes All of the Deposits of Resolute Bank
Resolute Bank in Maumee, Ohio, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Buckeye State Bank in Powell, Ohio, to assume all of the deposits of Resolute Bank….
FEMA: San Jacinto County, TX Added to Disaster Declaration for Tropical Storm Imelda
San Jacinto County has been designated for disaster assistance as part of Texas’s federal disaster declaration for severe storms and flooding that occurred Sept. 17-23. Survivors of Tropical Storm Imelda may now register for assistance with the Federal Emergency Management Agency (FEMA), and the U.S. Small Business Administration (SBA). This announcement brings the total number…
FDIC: Kentucky Farmers Bank Corporation Assumes All of the Deposits of Louisa Community Bank
Louisa Community Bank in Louisa, Ky., was closed today by the Kentucky Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Kentucky Farmers Bank Corporation in Catlettsburg, Ky., to assume all of the deposits of Louisa Community…
HUD and Census Bureau: New Residential Sales Report for September 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for September 2019: New Home Sales Sales of new single-family houses in September 2019 were at a seasonally adjusted annual rate of 701,000. This is 0.7 percent (±16.1 percent)* below the revised August…
EDA: $4.7 Million Invested to Improve Deer Park Business and Industrial Park in Spokane County, WA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.7 million grant to the city of Deer Park, Washington, to help improve the Deer Park Business and Industrial Park. The grant, to be matched with more than $1.2 million in local investment, is expected to help…
EDA: NIST, EDA and the FirstNet Authority Announce $1 Million Interagency Disaster Challenge
The Accelerate R2 Network will Connect Response and Resiliency Innovation Efforts Three U.S. Department of Commerce agencies have launched a first-of-its-kind interagency challenge focused on accelerating innovations for disaster response and resilience technology. The Economic Development Administration (EDA), in collaboration with the National Institute of Standards and Technology (NIST) and the First Responder Network Authority (FirstNet Authority), today announced the Accelerate R2…
CFPB: Symposium Announced for Dodd-Frank and Equal Credit Opportunity Acts on November 6th
The Consumer Financial Protection Bureau (Bureau) announced today that it will hold a symposium on Section 1071 of the Dodd-Frank Act on November 6, 2019 at 9:30 a.m. The event will be webcast on the Bureau’s website. Section 1071 amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to collect, report, and make…
FHFA: House Price Index Up 0.2 Percent in August; Up 4.6 Percent from Last Year
U.S. house prices rose in August, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 4.6 percent from August 2018 to August 2019. The previously reported 0.4 percent increase for July 2019 remains unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from…
EDA: $13 Million in Grants Announced to Support Trade Adjustment Assistance Centers and U.S. Manufacturers
Today, U.S. Secretary of Commerce Wilbur Ross announced $13 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachussetts,…