CRA Newswire

CFPB: Advisory Committee Appointments Announced

Today, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to provide advice on a variety of…

FEMA: Charlotte & Hillsborough Counties in Florida Now Eligible for FEMA Individual Assistance due to Hurricane Idalia

Homeowners and renters who sustained losses from Hurricane Idalia in Charlotte and Hillsborough counties can apply for FEMA Individual Assistance. These counties join Citrus, Columbia, Dixie, Gilchrist, Hamilton, Hernando, Jefferson, Lafayette, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Suwannee and Taylor counties, which were previously approved for Individual Assistance. Survivors can apply by calling 800-621-3362, going…

SBA: Over $139 Million in Disaster Assistance Loans Provided to Maui Wildfires

Today, U.S. Small Business Administrator Isabella Casillas Guzman announced that the SBA has approved more than $139 million in federal disaster loans for Hawaii businesses, nonprofits, and residents impacted by Maui wildfires. Since the fires began, the SBA has approved $40,620,400 for businesses and $ 98,615,000 for residents to help rebuild and recover from the disaster. “The SBA,…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2023. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

OCC: CRA Evaluations for 28 National Banks and Federal Savings Associations Released

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2023, through September 30, 2023. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

CDFI Fund: $321.2 Million in Capital Magnet Fund Awards Announced to Support Affordable Housing

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 52 organizations $321.2 million today for the development of affordable housing and community facilities serving low-income individuals, families, and communities. These awards were made through the fiscal year (FY) 2023 round of the Capital Magnet Fund (CMF), and will support financing…

FEMA: Six Additional Georgia Counties Eligible for Assistance in Response to Hurricane Idalia

Homeowners and renters in Berrien and Brooks counties are now eligible for FEMA assistance to help them recover from Hurricane Idalia. These counties join Cook, Glynn, and Lowndes counties, which were previously approved for Individual Assistance. Assistance for eligible survivors can include grants for temporary housing and home repairs, and for other serious disaster-related needs,…

HUD: $160.1 Million in Grants Awarded to Create and Preserve Affordable Housing for Low-Income Seniors

Funding supports the creation and rehabilitation of affordable multifamily rental housing and project-based rental assistance to help provide independent living options for low-income seniors The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it has awarded $160.1 million in grants to non-profit organizations across the country to…

ABA: Next Generation of Bank Leaders Recognized with 2023 Emerging Leader Awards

The American Bankers Association today announced the 2023 recipients of its annual ABA Emerging Leader Awards. These awards recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. “The 2023 ABA Emerging Leader Award recipients are a talented and diverse…

ABA: Banks Accepting Entries for the ABA Foundation’s Annual Lights, Camera, Save! Teen Video Contest

Banks across the nation are now accepting entries for the American Bankers Association Foundation’s 13th annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. This free competition is one of ABA Foundation’s most popular financial education initiatives. Teen contestants…