CRA Newswire

FDIC: Guidance to Help Financial Institutions and Facilitate Recovery in Disaster Areas of Alabama

Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Alabama affected by severe storms and tornadoes. Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions. Highlights: Severe storms and…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in February 2018. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

FEMA: In Florida? Learn Disaster Preparation Tips in Your Language

Hurricane Season Begins June 1 With hurricane season beginning shortly, it’s important for all Floridians to develop a plan about how to react before, during and after a disaster. Florida’s more than 20 million residents speak many languages. The state is also the most vulnerable in the country for hurricanes with nearly 120 in recorded…

FEMA: Disaster Assistance Tops $50 Million to Florida Government and Nonprofits

The state and FEMA continue collaborating to bring federal disaster dollars to Florida for Hurricane Irma-related expenses. The agency’s Public Assistance program has provided Florida more than $50 million to reimburse local governments and certain nonprofits for disaster-related projects. Below are examples of the funding so far: Monroe County: about $3.3 million for emergency response…

CDFI Fund: Public Comments Requested on CDFI Program and NACA Program Annual Compliance Reports

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community…

ABA: Community Commitment Awards Submissions Currently Open with ABA Foundation

Deadline for entries is June 29  The American Bankers Association Foundation is requesting submissions for its annual Community Commitment Awards to recognize banks’ essential involvement in their communities. The awards will honor innovative, high-impact bank programs that improve the quality of life for the customers and communities they serve. The entry period will extend to…

Census Bureau: Economic Census Begins

The 2017 Economic Census is officially underway today as the U.S. Census Bureau began notifying businesses nationwide by mail with instructions on how to complete the survey online. Conducted once every five years, this is the first time the Census Bureau will conduct the survey almost entirely online. Only small businesses in U.S. territories will…

OCC: CRA Evaluations for 22 National Banks and Federal Savings Associations Released

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of April 1, 2018 through April 30, 2018.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

SBA: Illinois Entrepreneur Awarded 2018 National Small Business Person of the Year

Entrepreneurs from West Virginia, New Mexico and Louisiana also recognized by SBA as Runners-up Linda McMahon, Administrator of the U.S. Small Business Administration today recognized and awarded this year’s Small Business Person of the Year at a ceremony and reception at the United States Institute of Peace in Washington, D.C. “It is my pleasure to announce…

FHFA: Correction and Extended Comment Period for Proposed Rule Amending FHLB Affordable Housing Program Regulation

The Federal Housing Finance Agency (FHFA) today announced that it is extending the comment period for the Agency’s proposed rule to amend the Federal Home Loan Banks’ Affordable Housing Program by 30 days.  The comment period was previously set to close on May 14, 2018, 60 days after publication in the Federal Register.  The comment…