ABA: Foundation Released Bank Guide for Preventing Elder Financial Abuse
Resource available in advance of World Elder Abuse Awareness Day on June 15 Seniors lose approximately $2.9 billion annually to financial abuse – and with baby boomers retiring every day, along with an estimated $12 trillion in wealth transfers expected to take place between generations, that number could continue to grow. In response, America’s banks…
FEMA: President Trump Approves Major Disaster Declaration for New Hampshire
The Federal Emergency Management Agency (FEMA) announced that federal disaster assistance has been made available to the state of New Hampshire to supplement state, tribal, and local recovery efforts in the areas affected by severe storm and flooding from March 2-8, 2018. Federal funding is available to the state, tribal, and eligible local governments and…
FEMA: President Trump Approves Major Disaster Declaration for Alaska
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by a severe storm on December 4, 2017. Federal funding is available to the state, tribal and eligible local governments and certain…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Re-Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today re-opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. Recognizing the Consolidated Appropriations Act, 2018, has extended the CDFI Bond Guarantee Program statutory authority until December 31, 2018, the CDFI Fund has decided to amend the…
HUD: Secretary Carson Kicks Off Envision Center Demonstration in Detroit
Centralized hubs to help HUD-assisted households become self-sufficient U.S. Housing and Urban Development (HUD) Secretary Ben Carson traveled to his hometown of Detroit today to announce the first round of ‘EnVision Center’ designations in 17 communities around the nation. One of Secretary Carson’s signature initiatives, EnVision Centers will offer HUD-assisted families access to support services…
FDIC: Newly Formed Money Smart Advance Team Will Get Early Access to & Training on Updated Money Smart for Adults
FIL-32-2018 Summary: The FDIC has formed the new Money Smart Advance Team (MSAT). Banks that engage in financial education activities, or plan to do so, and who join the MSAT will get an early look at the updated instructor-led Money Smart for Adults curriculum, scheduled for release in September, and other benefits. Statement of Applicability…
FEMA: Thirteen More Indiana Counties Eligible for Disaster Assistance
Homeowners and renters whose primary residence is in Dearborn, Fulton, Jasper, Kosciusko, LaPorte, Ohio, Porter, Pulaski, Spencer, Starke, Switzerland, Vanderburgh and White counties may apply for federal disaster assistance to cover uninsured losses for damage caused by the flooding that occurred Feb. 14 through March 4, 2018. Business owners in these counties may also apply…
OCC: Third and Fourth Quarter 2018 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2018. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be…
Census Bureau: 2017 Economic Census Deadline is June 12th
The 2017 Economic Census is currently collecting data for approximately 3.7 million business locations. With the June 12 deadline approaching, U.S. businesses nationwide, including those in U.S. territories, are asked to report their 2017 year-end numbers for each business location, including sales or revenue, employment, payroll and industry-specific information. The U.S. Census Bureau began notifying…