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…
SBA: New Funding Announced to Expand Outreach Center for Women Entrepreneurs through Minority Serving Institutions
$1.5M Will be Awarded to Support the Expansion of the Agency’s Women’s Business Centers Across HBCUs and Higher Education Institutions Serving Hispanic, Tribal and AAPI 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 $1.5 million…
HUD: Access to More Than $2 Billion in Federal Funds Opened for Disaster Recovery and Mitigation
The Department of Housing and Urban Development (HUD) today issued the Allocations for Community Development Block Grant Disaster Recovery and Implementation of the CDBG-DR Consolidated Waivers and Alternative Requirements Notice [“2020 CDBG-DR Notice”], a critical step taken by the department to open access to more than $2 billion in federal funds to help communities equitably recover and…
HUD: More Than $51 Million in Grants to Support Housing Counseling Programs, Partnerships with Minority Serving Institutions, and Training Announced
Awards provide HUD-approved housing counseling agencies and intermediaries with funding to maintain and expand critical services for the nation’s renters, homebuyers, and homeowners. The U.S. Department of Housing and Urban Development (HUD) on Monday awarded $51.4 million in housing counseling grants to 177 HUD-approved housing counseling agencies and intermediary organizations. This includes funding to HUD-approved housing counseling…
FDIC: Operation HOPE, Inc. and FDIC Announce Initiative to Expand Financial Education and Minority/Women-Owned Business Opportunities
The Federal Deposit Insurance Corporation (FDIC) today announced a collaboration with Operation HOPE, Inc., to promote financial education using the FDIC’s Money Smart curriculum and other resources and to help educate minority- and/or women-owned businesses on how to do business with the agency. The arrangement expands upon a longstanding relationship between the FDIC and Operation…