SBA: AMEX, WIPP and SBA to Co-Host Education Initiative for Women Entrepreneurs This Fall
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced that the federal agency will cohost two events in the Washington, D.C., area and Florida alongside Women Impacting Public Policy (WIPP) and American Express (AMEX) this fall as a continuation of the 2024 National…
HUD: Housing Counseling Services Expanded to More Americans
The Department celebrates Housing Counseling by introducing new initiatives, including a partnership with Zillow, and the use of virtual methods to broaden access and reach more Americans seeking housing assistance. Today, the U.S. Department of Housing and Urban Development (HUD) announced a series of new actions to expand housing counseling services and strengthen pathways to…
CFPB: Action Taken to Stop Banks from Harvesting Overdraft Fees without Consumers’ Consent
Banks have charged overdraft fees for ATM and one-time debit card transactions even though they did not have customers’ documented consent Today, the Consumer Financial Protection Bureau (CFPB) published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements. Phantom opt-ins occur when banks claim they have…
ABA: Officers, Board Nominated for 2024–2025
The American Bankers Association’s Nominating Committee has finalized the official slate of candidates to be presented for election at the association’s annual meeting scheduled for Oct. 29 in New York City. The committee, chaired by Daniel D. Robb, president and CEO, Jonesburg State Bank, Jonesburg, Mo., nominated these candidates for ABA officer positions: The committee…
HUD: 30th Anniversary of the Violence Against Women Act Commemorated
Five federal agencies affirm continued commitment to implement housing provisions under the Violence Against Women Act To commemorate the 30th anniversary of the Violence Against Women Act (VAWA), the U.S. Department of Housing and Urban Development today joined four federal agencies—the U.S. Department of Agriculture, U.S. Department of Justice, the U.S. Department of Treasury, and the…
ABA: 2024 Diversity, Equity and Inclusion Award Winners Announced
The American Bankers Association honored the winners of its 2024 ABA Diversity, Equity and Inclusion awards today at the association’s virtual 2024 DEI Summit, cohosted with Virginia Bankers Association and Maryland Bankers Association. These awards recognize ABA member banks for their internal-facing programs, leadership and activities focused on improving diversity, equity and inclusion within their workplace. “We are…
SBA: Cyber Prize Competition Winner Selected
Delaware SBDC To Receive $350K for Outstanding Leadership in Cybersecurity Planning for Small Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced(Link is external) (video) that the Delaware Small Business Development Center (SBDC) has been selected to receive a $350,000 prize to…
SBA: Application Window Opens for Lenders to Fill Gaps in Credit Markets
Nonbank Licenses Will Enable SBA Loan Guarantees to Spur Lending in Underserved Communities and for Green Investments Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, opened applications for non-traditional lenders to secure an SBA Small Business Lending Company (SBLC)…
ABA: Wisconsin Banker and Local Marketing President Receive Top Ag Banking Awards
The American Bankers Association today announced the recipients of its annual Bruning and Blanchfield Awards, the association’s premier awards presented for significant contributions to agricultural banking. ABA will honor Dave Coggins, retired senior vice president of ag banking at Nicolet National Bank based in Green Bay, Wis. with the Bruning Award and Carroll Merry, president…
CDFI Fund: Updated Guidance and New Deadline Released for Early Submission of CDFI Certification Application
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application Frequently Asked Questions (FAQs) document, Pre-Approved Target Market Assessment Methodology guidance, and an adjusted CDFI Certification Application timeline today. The FAQs and guidance supersede those published December 07, 2023, by adding, revising,…