Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic
Summary: The Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators (collectively, the agencies) are issuing a joint statement to alert industry that the supervisory flexibilities outlined in the April…
EDA: $4.9 Million in CARES Act Recovery Assistance Invested to Support Healthcare Workforce Training Efforts in Pueblo, CO
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.9 million CARES Act Recovery Assistance grant to Pueblo Community College (PCC), Pueblo, Colorado, to expand the college’s healthcare training program. The project will allow PCC to expand and grow its healthcare program, adding 225 students,…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Entrepreneurship in Peoria, IL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Distillery Labs, Peoria, Illinois, to create a business assistance and incubator space. This project will support local entrepreneurs by funding space and programming for local entrepreneurship and start-up…
CFPB: Action Taken to Prevent Avoidable Foreclosures
Agencies Will Examine for Compliance with COVID-19 Protections Today, the Consumer Financial Protection Bureau (CFPB), jointly with other government agencies, announced a return to enforcement of critical protections for families and homeowners. Those protections, put in place in the wake of the Great Recession to prevent another foreclosure crisis, give families the chance to find…
HUD: $74 Million Announced to Deliver Equitable COVID-19 Relief to Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today announced more than $73.9 million in Indian Community Block Grant-American Rescue Plan (ICDBG-ARP) grants to 68 Tribal communities. The announcement, made during a press call with HUD Deputy Secretary Adrianne Todman, underscores the Biden-Harris Administration’s commitment to delivering equitable COVID-19 relief to Tribal communities. A…
EDA: $314 Million Announced to Accelerate Travel, Tourism and Outdoor Recreation Post-Pandemic
U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $314 million in American Rescue Plan State Travel, Tourism, and Outdoor Recreation grants to 34 states and the District of Columbia. These investments will support marketing, infrastructure, workforce and other projects to rejuvenate safe leisure, business, and…
EDA: $30 Million in Economic Development Administration American Rescue Plan Funding to Support Statewide Economic Development Planning Announced
$1 Million Grants Headed to 30 States and Territories to Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding $1 million American Rescue Plan grants to 30 states and territories across the nation to support statewide…
EDA: $4.8 Million in CARES Act Recovery Assistance Invested to Support Industrial Development in Chicago
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million CARES Act Recovery Assistance grant to Chicago, Illinois, to support industrial development in the city. This grant will help accelerate the economy and support business growth and development by providing trucks access to one…
EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support the Distribution and Logistics Sector in Central Indiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the Indianapolis Airport Authority, Indianapolis, Indiana, to support the distribution and logistics sector in Central Indiana. This grant will build infrastructure to support supply chain needs by providing…
EDA: $3.4 Million in CARES Act Recovery Assistance Invested to Support Broadband Expansion in Northeast Minnesota
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million CARES Act Recovery Assistance grant to support broadband expansion in Northeast Minnesota. The pandemic shed light on the vital importance of broadband. This grant will allow Northeast Service Cooperative to meet the region’s explosive…