SBA: Application Window Opens for Small Business Cyber Prize Competition
Application for $350,000 Award Closes Aug. 15 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 33 million small businesses, announced the Cyber Prize Competition to award $350,000 to one organization to lead the development and deployment of a national Cyber Certification Program…
HUD: 3-D Printing Showcased as an Innovative Solution for Affordable Housing Supply
At an event in Fairbanks, Alaska, HUD leaders showed how innovative technologies can help to build quality, affordable and resilient homes for all. Today, senior leaders from the U.S. Department of Housing and Urban Development (HUD) joined the University of Alaska Fairbanks to demonstrate and highlight one of the innovative ways HUD is working to…
Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Request Additional Information on Bank-Fintech Arrangements
The federal bank regulatory agencies today issued a statement reminding banks of potential risks associated with third-party arrangements to deliver bank deposit products and services. The agencies support responsible innovation and banks engaging in these arrangements in a safe and sound manner and in compliance with applicable law. While these arrangements can provide benefits, supervisory…
Agencies Announce Public Outreach Meeting on September 25th as Part of Review of Regulations
Federal bank regulatory agencies will hold a virtual public outreach meeting on September 25, 2024, as part of their review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the agencies, with input from the public, to review their regulations at least once every 10 years to identify…
CFPB: New Publication Warns Against Intimidation of Whistleblowers
Forcing workers to sign broad nondisclosure agreements could deter disclosure of misconduct The Consumer Financial Protection Bureau (CFPB) today issued a circular to law enforcement agencies and regulators explaining how companies may be breaking the law by requiring employees to sign broad nondisclosure agreements that could deter whistleblowing. The circular explains how imposing sweeping nondisclosure agreements that do…
SBA: SBA Loan Programs Open to New Green Lenders to Help Small Businesses Meet Climate Goals
Initiative will Advance Clean Energy Transition Across the Nation 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 33 million small businesses, announced a new Green Lender Initiative to enroll additional climate lenders in SBA’s loan programs. The initiative will employ SBA loan guarantees…
HUD: Housing Counselor Certification Exam Now Offered in Additional Languages
At UnidosUS national conference, HUD announced that the updated exam is now available in Spanish, Traditional Chinese, Korean, and Vietnamese. The U.S. Department of Housing and Urban Development (HUD) announced today the availability of a newly updated certification exam for housing counselors. In addition to content updates, the exam and associated training materials are now…
HUD: New Appointments Announced for the Manufactured Housing Consensus Committee
Twenty-one person committee advises HUD on manufactured housing standards of the Manufactured Housing Construction and Safety Standards. The U.S. Department of Housing and Urban Development (HUD) announced today the appointment of five new members to serve on the Manufactured Housing Consensus Committee (MHCC), a Federal Advisory Committee. These appointments maintain the MHCC at 21 members…
HUD: Summit Convenes to Address Rising Property Insurance Costs
Biden-Harris Administration assembles industry executives, government leaders, nonprofits, and academics to address rising insurance premiums and receding coverage. Today, the U.S. Department of Housing and Urban Development convened a critical summit to address sharp increases in property insurance costs and lack of available coverage impacting people across the country. “It’s become abundantly clear that the…
OCC: Acting Comptroller Discusses Trends Reshaping Banking
Acting Comptroller of the Currency Michael J. Hsu today discussed three key long-term trends that are reshaping banking in remarks at the Exchequer Club. Mr. Hsu’s written remarks in support of his appearance discussed the increasing number and size of large banks, the complexity of bank-nonbank relationships, and the rise in polarization. The Acting Comptroller…