SBA: Administrator Honors Nation’s Top Small Business Persons of the Year
Administrator Linda McMahon, the head of the U.S. Small Business Administration, announced today this year’s Small Business Person of the Year winners from the 50 states, the District of Columbia and Puerto Rico. All of the winners have been invited to attend ceremonies in Washington, D.C on April 29-30 where they will be honored with…
CFPB: Final Rule Issued to Help Mortgage Servicers Communicate with Certain Borrowers Facing Bankruptcy
The Consumer Financial Protection Bureau (Bureau) today issued a final rule to help mortgage servicers communicate with certain borrowers facing bankruptcy. The final rule gives mortgage servicers more latitude in providing periodic statements to consumers entering or exiting bankruptcy, as required by the Bureau’s 2016 mortgage servicing rule. The Truth in Lending Act requires mortgage…
FEMA: $2.2 Billion in Federal Aid Approved for Puerto Rico Households and Businesses
With two weeks remaining before the deadline to register with FEMA, more than $2.2 billion in federal aid is helping fuel the recovery for households and businesses in Puerto Rico. More than 1.1 million Puerto Rico households and businesses have contacted FEMA for help and information. Survivors contact FEMA seeking help for various reasons such…
FEMA: Mitigation Grants Program Eclipsed $15 Billion in Helping Communities Rebuild, Recover and Avoid Future Losses
This year marks three decades since the Robert T. Stafford Act was amended to include funding for hazard mitigation; to date, FEMA has provided more than $15 billion in mitigation grants to support state, local, tribal and territorial efforts to rebuild their communities stronger and safer. A National Institute of Building Sciences report issued earlier…
FEMA: Transitional Sheltering Assistance for Florida Hurricane Irma Survivors Ends
Transitional Sheltering Assistance (TSA), which pays for hotel rooms as temporary, emergency housing for eligible Hurricane Irma survivors, ends March 10, 2018. Under TSA, disaster survivors may be eligible to stay in a participating hotel or motel for a limited period of time and have the cost of the room and taxes covered by FEMA….
FHFA: Proposed Rule Amending Federal Home Loan Banks’ Affordable Housing Program Regulation Issued
The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to its regulation on the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). The proposed amendments would authorize the FHLBanks to redesign their project selection systems and create special targeted funds, which would allow the FHLBanks more flexibility to align their AHP…
FDIC: FFIEC Revises A Guide to HMDA Reporting: Getting It Right!
The Federal Financial Institutions Examination Council (FFIEC) has revised A Guide to HMDA Reporting: Getting It Right! to reflect the October 2015 Home Mortgage Disclosure Act (HMDA) final rule, as amended in 2017. This compliance resource should help financial institutions better understand the final rule’s requirements, including the data collection and reporting provisions. Statement of…
FDIC: New Consumer News Publication Features Tips on Protecting Assets
It’s always important for consumers to save money for their future, keep banking and borrowing costs down, and guard their possessions from high-tech thieves in today’s digital world. The Winter 2018 FDIC Consumer News includes information about: Five things to know about safe deposit boxes and home safes for protecting valuables. Among the tips: bank…