Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $723,935 grant to the city of South Sioux City, Nebraska, to make critical infrastructure improvements needed to facilitate the growth of industry in the region. This grant will support construction of new roadway, water, and sewer infrastructure […]
CFPB: Initiative Launched to Improve Customer Service at Big Banks
Effort Will Assist Consumers to Assert Their Legal Rights The Consumer Financial Protection Bureau (CFPB) is seeking public input on how bank customers can assert their rights to better customer service with big banks. A 2010 federal law specifies that consumers have rights to obtain timely responses to requests for […]
ABA: New Infographic with Tips for Prospective Home Buyers Released
In recognition of American Housing Month, the American Bankers Association Foundation today released an infographic outlining five tips for how home buyers can overcome challenging market conditions and make their dream of homeownership a reality. The infographic acknowledges that limited housing inventory, supply chain disruptions that have delayed new home construction, rising […]
SBA: Four Million Hard-Hit Businesses Approved for Nearly $390 Billion in COVID Economic Injury Disaster Loans
SBA delivered an unprecedented level of economic aid to small businesses impacted by the pandemic As the country continues to transition from a historic economic recovery to stable, steady growth that works for families and small businesses, Administrator Isabella Casillas Guzman, the voice for America’s 32.5 million small businesses in President […]
CFPB: New Report Highlights Experience of Military Families with Medical Billing, Credit Reporting, and Debt Collection
Servicemembers and veterans report problems with coercive credit reporting and false medical bill collections Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing servicemembers, veterans, and military families, based on the complaints they submitted to the CFPB. Servicemembers told the CFPB about […]
FEMA: President Biden Amends New Mexico Disaster Declaration
Today, President Joseph R. Biden, Jr. made additional disaster assistance available to the State of New Mexico by authorizing an increase in the level of Federal funding for debris removal and emergency protective measures undertaken in the State of New Mexico as a result of wildfires and straight-line winds beginning […]
We’ve Launched Our 2022 Contexter Market Reports with New and Expanded Data
Our updated and enhanced 2022 Contexter Market Reports are now available! Not only have we updated each data point for 2022, but we also added several new and expanded data sets to help you build performance context. 1. Updated data for 2022 Our Contexter Market Reports contain over 200 pieces […]
EDA: Over $29 in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program of the CARES Act Recovery Assistance program: June 9, 2022 – U.S. Department of Commerce Invests $1.7 Million in American Rescue Plan Funds to Increase High-Speed Internet Connectivity in Monticello, New York June 7, 2022 – U.S. Department […]
OCC: Acting Comptroller Discusses Importance of CDFIs and MDIs
Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of community development financial institutions (CDFI) and minority depository institutions (MDI) at the 2022 Community Development Bankers Association Peer Forum. In his remarks, the Acting Comptroller highlighted initiatives to revitalize MDIs and increase investments in CDFIs, and the […]
CFPB: Inquiry Launched into Practices that Leave Workers Indebted to Employers
Emerging products require employees to sign up for debt The Consumer Financial Protection Bureau (CFPB) has launched an inquiry into practices and financial products that may leave employees indebted to their employers. In today’s Request for Information, the CFPB seeks data about, and worker experiences with, these emerging practices and […]