Industry News

ABA: Foundation Launches 2024 Financial Education Campaigns and Continues Initiative to Reach 5 Million Americans

The American Bankers Association Foundation today launched its 2024 financial education campaigns, encouraging banks across the country and their more than two million employees to participate in these important industry efforts to help consumers improve their financial well-being.  Today’s launch continues the ABA Foundation’s three-year, industry-wide commitment to reaching five million Americans with financial education…

CDFI Fund: Webinar on Revised CDFI Certification Application Scheduled for January 31st

The Community Development Financial Institutions Fund (CDFI Fund) will conduct a live webinar to assist organizations in understanding the requirements of the revised CDFI Certification Application. This webinar will be held to discuss updates to the Application FAQs, available new materials, and to take any additional questions. Webinar Details Viewing this webinar requires the use…

CDFI Fund: Webinar Scheduled on CDFI Certification Changes to the Annual Certification and Data Collection Report and Transaction Level Report with Supplemental Guidance

The Community Development Financial Institutions Fund (CDFI Fund) will conduct a live webinar to walk organizations through the requirements of the revised Annual Certification and Data Collection Report (ACR) and Transaction Level Report (TLR) as part of the CDFI Fund’s revised Certification Application and policies. The webinar will not address questions on the revised CDFI…

HUD: 2023 Secretary’s Award Winner for Excellence in Healthy Homes Announced

Awardee’s efforts in Wisconsin homes focus on reducing lead paint hazards and enhancing asthma education, ensuring a healthier environment for children. Today, the U.S. Department of Housing and Urban Development (HUD) announced Wisconsin’s Healthy Housing Initiatives Portfolio (WHHIP) as the winner of the 2023 HUD Secretary’s Award for Excellence in Healthy Homes. Healthy housing is the…

ABA: Foundation Opens Instagram Voting for National “Lights, Camera, Save!” Teen Video Contest

Cast your vote on ABA’s Instagram page beginning January 16 The American Bankers Association Foundation today kicks off its Lights, Camera, Save! social media contest via ABA’s Instagram page to allow people to vote for their favorite video entry submitted by teens from across the country. Lights, Camera, Save!, now in its 13th year, is a national…

CFPB: New Guidance Addresses Inaccurate Background Check Reports and Sloppy Credit File Sharing Practices

False, incomplete, and old information must not appear in background check reports, and a person’s complete consumer file must be provided to them upon request Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccurate background check reports, as well as sloppy credit file sharing practices. The two advisory…

SBA: One-Year Anniversary of Veteran Small Business Certification Program Marked

VetCert Program Approved More than 10,000 Applications Averaging 15-Day Processing Times Today, the U.S. Small Business Administration (SBA) marks the one-year anniversary of the agency accepting applications through the Veteran Small Business Certification (VetCert) program, the SBA’s primary certification vehicle to expand federal contracting opportunities for all Veteran-Owned Small Businesses (VOSBs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs). This effort is…

OCC: Public Appraisal Subcommittee Hearing on Appraisal Bias Scheduled for February 13th

The Office of the Comptroller of the Currency (OCC) will host a public hearing of the Appraisal Subcommittee (ASC) on appraisal bias on February 13, 2024, from 10:00 a.m. to 1:00 p.m., at its headquarters, 400 7th Street SW, Washington, D.C. Acting Comptroller of the Currency Michael J. Hsu will provide opening remarks. The subcommittee panel…

SBA: Growth Accelerator Fund Competition Opened January 8th to Expand and Strengthen the National Innovation Ecosystem

Organizations will compete in two stages for $50,000 to $200,000 in prizes; SBA to award up to $3 Million in Stage One Prizes 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 and startups, announced the opening of the 2024 Growth…

SBA: Further Action Announced to Help PPP and COVID EIDL Borrowers

SBA Introduces 60-Day Goodwill Exception Period, Expands Hardship Accommodation Plans The U.S. Small Business Administration (SBA) has announced expanded flexibility and accommodations for COVID EIDL and PPP borrowers to help bring them into compliance and avoid the repercussions of defaulting on a government loan. For COVID EIDL and PPP borrowers with loans under $100,000, the SBA has…