EDA: $872,220 Invested to Boost Industrial Growth in Cedar Springs, MI
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $872,220 grant to the city of Cedar Springs, Michigan, to provide critical infrastructure improvements needed to develop a new industrial park. This EDA grant will be matched with $581,480 in local investment, and is expected to attract an eventual $30 million in…
EDA: $500,000 Invested to Purchase Equipment Needed to Support Workforce Training Opportunities in Gillette, WY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to the Northern Wyoming Community College District of Sheridan, Wyoming, to purchase Science, Technology, Engineering and Math (STEM) equipment needed to support workforce training initiatives at Gillette College. This EDA grant will be matched with $500,000 in local investment and…
HUD: Record $330 Million Offered to Clean Up Dangerous Lead and Other Hazards in Housing
Largest funding amount available ever to make low-income housing lead safe The U. S. Department of Housing and Urban Development today announced a record $330 million in grants to clean up lead-based paint hazards and other housing-related health and safety hazards in low-income housing. Click here to view Secretary Carson talking about the importance of this…
FDIC: Agency to Centralize Key Aspects of Its Large, Complex Financial Institutions Activities
The Federal Deposit Insurance Corporation (FDIC) today announced its intentions to centralize the supervision and resolution activities for the largest banks and complex financial institutions in a new division to be named the Division of Complex Institution Supervision and Resolution (CISR). “Centralizing the FDIC’s expertise of large, complex financial institutions into a single division within…
FDIC: Agency Hosts Roundtable on Collaborations with Minority Depository Institutions
The Federal Deposit Insurance Corporation (FDIC) today hosted a roundtable with large FDIC-supervised banks and minority depository institutions (MDIs) to foster collaboration in support of the continued vibrancy of MDIs and their communities. “Collaborative partnerships among large banks and MDIs are critically important not only for individual insured institutions, but also for their communities and…
EDA: Investment Made to Support Small Business Growth and Resiliency in California
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $880,000 grant to California Capital FDC of Sacramento, California, to capitalize a Revolving Loan Fund (RLF) and provide technical assistance to potential borrowers in the disaster-impacted counties of Sacramento, Yolo, Placer, El Dorado, and Nevada. This EDA grant will be matched with…
EDA: $600,000 Invested to Help Northeast Ohio Region Respond to Closure of the GM Lordstown Plant, Loss of Coal Jobs
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the Eastgate Regional Council of Governments of Youngstown, Ohio, to contract a recovery coordination team following the recent non-allocation of the General Motors Lordstown facility and the historic downturn of the coal economy. The team will work with local…
CFPB: Comment Period for ANPR Extended on HMDA Data Points
The Consumer Financial Protection Bureau (Bureau) announced today that it is extending the comment period on its Advance Notice of Proposed Rulemaking (ANPR) relating to the Home Mortgage Disclosure Act (HMDA). The extension will give interested parties an opportunity to review the Bureau’s annual overview of residential mortgage lending based on the HMDA data financial…
ABA: Response Requested from NCUA in Light of Credit Union Industry Research Report
Today the American Bankers Association sent a letter to the National Credit Union Administration (NCUA) requesting a “top-to-bottom assessment” of whether the modern day credit union industry is meeting its targeted, statutory mission to serve people of “small means.” The formal request follows this week’s release of a comprehensive new report from Federal Financial Analytics that documents how many…
OCC: Improvement in Mortgage Performance Reported for First Quarter 2019
The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the first quarter of 2019. The OCC Mortgage Metrics Report, First Quarter 2019 showed 96.2 percent of mortgages included in the report were current and performing at the end of the quarter,…