CFPB: Bureau Outlines Plan to Review Rules Under the Regulatory Flexibility Act
Today the Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input. Additionally, the Bureau published a notice requesting public input as part of its first RFA review examining the 2009 Overdraft Rule. In Section 610 of the…
FEMA: President Trump Approves Major Disaster Declaration for the Territory of Guam
FEMA announced today that federal disaster assistance has been made available to the territory of Guam to supplement territory recovery efforts in the areas affected by Typhoon Wutip from Feb. 23 to 25, 2019. The President’s action makes federal funding available to the territory and certain private nonprofit organizations on a cost-sharing basis for emergency…
FEMA: Louisa County Added to Iowa Disaster Declaration
Residents of Louisa County can now apply for disaster assistance to help them recover from the severe storms and flooding that began March 12. They join seven counties already designated for state and federal help to individuals: Fremont, Harrison, Mills, Monona, Pottawattamie, Shelby and Woodbury. The deadline for applying for assistance is July 1, 2019….
HUD: FHA Proposes New Lender Certification Requirements
Effort designed to improve clarity and certainty of compliance rules, expand financing options for borrowers The Federal Housing Administration (FHA) today proposed several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in how to satisfy the agency’s compliance requirements. In providing greater certainty to the process, FHA…
HUD: FHA Offers Incentives for Property Owners Who Invest in Opportunity Zones
Lower costs and dedicated underwriters to stimulate housing investment in distressed neighborhoods The Federal Housing Administration (FHA) today announced a package of incentives to encourage multi-family property owners to invest in thousands of neighborhoods located in Opportunity Zones across the nation. Read today’s Housing Notice. FHA is introducing reduced application fees paid by property owners applying…
Federal Reserve: Final Rule Approved to Repeal Regulations for SAFE Act
The Federal Reserve Board on Thursday approved final amendments to its regulations to reflect the transfer of the Board’s rulemaking authority for the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) to the Bureau of Consumer Financial Protection (Bureau). Entities that were subject to the Board’s rules are now subject to the Bureau’s…
FEMA: Nearly $21 Million in Additional Grants Approved to Puerto Rico
FEMA has awarded about $21 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.7 billion. The latest grants approved are as follows: Nearly $17.8 million to Puerto Rico’s Central Office for Recovery, Reconstruction and Resiliency, or COR3, for emergency protective…
SBA: World Trade Month Kicks Off with Go Global Webinar Series
As part of World Trade Month, the U.S. Small Business Administration, along with several other federal agencies, will conduct a four-part webinar series entitled, “Go Global” starting May 9th. This online program aims to help participants gain valuable insights on strategies for international sales success. Presenting agencies in the webinar series include the U.S. Small Business Administration,…
EDA: Investment Made in Business Incubator and Workforce Training Facility in North Charleston, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing in Homes of Hope Inc. to renovate an existing building in North Charleston, South Carolina, to serve as a business incubator and training facility. The investment will be matched by $2 million in local funds and is expected…
EDA: Investment Made to Boost Tourism-related Business Development in West Virginia
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced that it is investing in the Hatfield McCoy Regional Recreation Authority of Man, West Virginia, to help expand the Hatfield McCoy Trail System. The investment will be matched with $452,228 in local funds and is expected to help create 75 jobs and generate $5…