HUD: First Ever Equity Action Plan Released
The U.S. Department of Housing and Urban Development (HUD) on Thursday released its first ever Equity Action Plan in coordination with the Biden-Harris Administration’s whole-of-government equity agenda. “Equity is central to HUD’s founding principles and the daily work we do as a Department,” said Secretary Marcia L. Fudge. “We are excited to take this opportunity to join…
SBA: Registration Opened for National Small Business Week Virtual Summit “Building a Better America Through Entrepreneurship”
Today, the U.S. Small Business Administration (SBA) announced that registration for its 2022 National Small Business WeekVirtual Summit, “Building a Better America Through Entrepreneurship,” is now open. This year’s National Small Business Week (NSBW), held May 1-7, 2022, will acknowledge small businesses from across the country for their resilience, ingenuity, and creativity. It will also recognize SBA partners for…
SBA: Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Expanded
Vice President Kamala Harris Unveils Improvements to SBA Community Advantage Pilot Program at White House Event with SBA Administrator Isabella Guzman, Extending it to 2024, Ending New Lender Moratorium, and Lifting Loan Caps Today, Vice President Kamala Harris and Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in…
OCC: Acting Comptroller Launches Project REACh Efforts in Dallas
Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology…
HUD: PAVE Task Force Action Plan Unveiled with Wide-Ranging Set of Reforms to Advance Equity in Appraisals
Vice President Kamala Harris Announces Release of Plan During White House Event with Secretary Marcia L. Fudge, White House Domestic Policy Advisor Susan Rice, and Americans Impacted by Bias in the Appraisal Process FACT SHEET: PAVE Task Force Action Plan Key Findings WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced…
CFPB: Supervisory Guidance Updated to Target Unfair Discrimination in Consumer Finance
Discrimination or improper exclusion can trigger liability under ban on unfair acts and practices Today the Consumer Financial Protection Bureau (CFPB) announced changes to its supervisory operations to better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply. In the course of examining banks’ and other companies’…
HUD: Statement on Black Homeownership Remaining Lower than a Decade Ago Despite the U.S. Homeownership Rate Experiencing Largest Annual Increase on Record
U.S. Housing and Urban Development Secretary Marcia L. Fudge on Thursday released the following statement on the National Association of Realtors®’ (NAR) 2022 Snapshot of Race and Home Buying in America report, which examines current racial disparities in the housing market. “Today, homeownership is the principal source of wealth creation for most American households. Unfortunately, NAR’s report…
OCC: Project REACh Efforts Launched in Detroit
Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify…
FDIC: National Bankers Association and FDIC to Co-host Podcast Series On Financial Inclusion and Minority Banks
The Federal Deposit Insurance Corporation (FDIC) and the National Bankers Association (NBA) today announced a new joint series of podcasts that will showcase public- and private-sector efforts to preserve and promote Minority Depository Institutions (MDIs) and advance diversity and inclusion across financial services. “Banking on Inclusion,” a special series of the FDIC Podcast, will discuss the…
SBA: $150,000 Announced to Fund Historic Women’s Business Center Expansion in Alaska
The New Funding Will Support the SBA’s First WBC in Alaska in a Decade. This WBC is the Latest in a Series of Historic Openings to Reach Underrepresented Communities Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the availability of $150,000 for a new…