ABA: 2024 Diversity, Equity and Inclusion Award Winners Announced
The American Bankers Association honored the winners of its 2024 ABA Diversity, Equity and Inclusion awards today at the association’s virtual 2024 DEI Summit, cohosted with Virginia Bankers Association and Maryland Bankers Association. These awards recognize ABA member banks for their internal-facing programs, leadership and activities focused on improving diversity, equity and inclusion within their workplace. “We are…
SBA: Small Dollar Lending and Lending To Underserved Entrepreneurs Continues to Rise as Record 19 Million New Business Applications Filed Since 2021
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced the Biden-Harris Administration has tripled SBA lending to Black-owned businesses while doubling small-dollar lending and lending to Latino- and women-owned small businesses. The new data comes as the United States reaches a record 19 million(Link…
FDIC: Board Approves Revisions to Section 19 Regulations to Conform to the Fair Hiring in Banking Act
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved revisions to regulations under Section 19 of the Federal Deposit Insurance (FDI) Act to conform to the Fair Hiring in Banking Act (FHBA), which became effective on December 23, 2022. “I strongly support these changes which would expand employment opportunities in the banking industry,…
HUD: Council on Foundations and HUD Announce Winners of 2024 Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (The Council) announced the winners of the 2024 Secretary’s Award for Public-Philanthropic Partnerships. The Secretary’s Award for Public-Philanthropic Partnerships recognizes excellence in partnerships that have both transformed the relationship between the public and philanthropic sectors and led to measurable benefits…
HUD: Over $30 Million Awarded to Connect Public Housing Residents to Employment and Education to Help Bridge the Wealth Gap
Awards will go to Public Housing Agencies and will help increase economic mobility to families across the country. The U.S. Department of Housing and Urban Development (HUD) today awarded over $30 million to 14 Public Housing Agencies (PHAs) in 12 states to help families increase their earned income and improve their economic mobility through the…
HUD: New Resources and Research Launched to Support LGBTQI+ Americans During Pride Month
HUD released a new website and research that will enhance data collection, identify barriers, and help LGBTQI+ people find housing assistance. During this Pride Month, the U.S. Department of Housing and Urban Development (HUD) took action to protect LGBTQI+ Americans, taking crucial steps to uplift resources and best practices for housing providers, so no one must…
HUD: $10 Million in Grants Awarded to Combat the Homeownership Gap through Housing Counseling
Funding announced today will provide culturally sensitive and linguistically appropriate services for pre- and post-purchase housing counseling, helping Americans access affordable homes and boosting homeownership rates among historically underserved communities. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing the award of $10 million in grant funding under…
SBA: $30 Million in Grant Funding Announced for New Women’s Business Centers
Under the Biden-Harris Administration, SBA Has Expanded WBCs to Over 150 Nationwide in All 50 States, Washington, D.C., and Puerto Rico Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced four funding opportunities for Women’s Business…
HUD: $44 Million Invested to Transform Residents’ Lives
HUD’s programs will be used to equip residents with the tools and resources they need to achieve financial stability, lower housing costs, and build generational wealth. The U.S. Department of Housing and Urban Development (HUD) today announced $44 million in Fiscal Year (FY) 2023 funding through the Family Self Sufficiency (FSS) Program and the Resident…
OCC: Project REACh 2.0 Launched
The Office of the Comptroller of the Currency (OCC) today announced the launch of REACh 2.0 at its Project REACh Financial Inclusion Summit. Project REACh, the Roundtable for Economic Access and Change, brings together leaders from the banking industry, national civil rights organizations, business, and technology to identify and reduce barriers that prevent full, equal,…