FEMA: Agency and Federal Partners Encourage Families to Save for a Rainy Day
Over 40 percent of adults cannot cover an emergency expense of $400 FEMA, in partnership with the U.S. Department of Treasury and the Financial Literacy and Education Commission (FLEC), celebrates Financial Capability Month by reminding individuals and families that the time to prepare for the financial cost of unexpected emergencies is long before an emergency…
FDIC: Use of Technology in the Business of Banking Forum on May 7th in Arlington, VA
The FDIC will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. The forum will be held from 9:00 a.m. to 3:45 p.m. Eastern Time in the FDIC’s Sheila C. Bair Auditorium, 3501 Fairfax Drive, Arlington, Virginia, 22226. Registration is required to attend. The forum also…
SBA: Small Business SBA 504 Loans Now Available with 25-Year Maturity
SBA Administrator Linda McMahon has announced that the U.S. Small Business Administration is offering a 504 Loan and the Debenture that funds it with a 25-year maturity. This new 25 year Debenture will be made available for 504 Projects that are approved on or after April 2, 2018. The new 504 Loan term complements the…
CFPB: Request Issued for Information on Consumer Financial Education
The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on consumer financial education. The Bureau is seeking comments and information from interested parties to assist the Bureau in assessing the overall efficiency and effectiveness of its consumer financial education programs. This includes the Bureau’s delivery of financial education through online tools,…
ABA: Consumer Delinquencies Fall for First Time Since 2012
Installment loan delinquencies fall across the country during fourth quarter 2017 The fourth quarter of 2017 saw a broad-based decline in delinquencies, with delinquencies in closed-end loans (like personal or auto loans) falling across the board and bank card delinquencies declining significantly, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies fell…