OCC: Comptroller Visits New York Neighborhoods Supported by the CRA, Discusses Opportunities to Do More

Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here in New York, we saw great […]

OCC: Comptroller of the Currency Visits Areas of Washington DC to Discuss Community Reinvestment Success and Opportunities

Comptroller of the Currency Joseph Otting, led a tour of Washington, D.C., areas that have benefitted from Community Reinvestment Act (CRA) activity and discussed how CRA regulations can be strengthened to promote more lending, investment, and services, where they are needed most. “CRA has help stabilize and revitalize neighborhoods across […]

HUD: $4.8 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $4.8 million in funding through the Veterans Housing Rehabilitation and Modification Pilot (VHRMP) Program to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible. Through the VHRMP program, grantees […]

HUD: Secretary Carson Applauds the SEC’s Efforts to Encourage Main Street Investment in Opportunity Zones

SEC is also explaining how state and federal laws apply to Opportunity Zone fundraising U.S. Housing and Urban Development (HUD) Secretary Ben Carson today applauded the Securities and Exchange Commission’s (SEC) recent efforts to encourage Main Street capital investment in Opportunity Zones. In addition to providing guidance about participating in […]

HUD: Record $330 Million Offered to Clean Up Dangerous Lead and Other Hazards in Housing

Largest funding amount available ever to make low-income housing lead safe The U. S. Department of Housing and Urban Development today announced a record $330 million in grants to clean up lead-based paint hazards and other housing-related health and safety hazards in low-income housing. Click here to view Secretary Carson talking […]

ABA: Response Requested from NCUA in Light of Credit Union Industry Research Report

​Today the American Bankers Association sent a letter to the National Credit Union Administration (NCUA) requesting a “top-to-bottom assessment” of whether the modern day credit union industry is meeting its targeted, statutory mission to serve people of “small means.” The formal request follows this week’s release of a comprehensive new report from Federal Financial […]

FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs

Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech […]

HUD: Request for Information on Maximizing the Positive Impact of Opportunity Zones Announced

he U.S. Department of Housing and Urban Development (HUD) today announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. This RFI will allow the public to share existing […]