Industry News

Federal Reserve: Applications Open for Community Advisory Council

The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board’s other advisory councils whose members represent…

SBA: 2024 Resource Partners of the Year Recognized

Awardees from Wisconsin, Michigan, Colorado, and Mississippi to be Honored During National Small Business Week Ceremony in Washington, DC 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, recognized four SBA Resource Partners of the Year awardees. The awardees – from…

SBA: 17 New Women’s Business Centers Announced

13 of the New WBCs Will Be Hosted by Minority Serving Institutions 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 selection of 17 new Women’s Business Centers (WBCs), 13 of which will be hosted by established Minority Serving Institutions (MSIs)…

HUD: Program to Promote Innovations in Housing Expanded

Moving to Work Program expansion enables communities to develop creative housing solutions and resident services. Today, U.S. Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman announced the final cohort of Moving to Work (MTW) Demonstration program expansion after extensive collaboration with Congress, advocates, and industry groups. 14 selected housing agencies will evaluate…

SBA: 2024 National Small Business Week Co-Sponsors Announced

SCORE, the Nation’s Largest Network of Volunteer Business Mentors, to Co-Host Today, the U.S. Small Business Administration announced the 2024 National Small Business Week (NSBW) co-sponsors and educational session topics for the Virtual Summit, taking place April 30-May 1. This year’s NSBW Virtual Summitwill feature educational workshops presented by event cosponsors, access to federal resources, and networking opportunities….

CFPB: Action Taken to Halt False Claims of “Free” International Money Transfers

CFPB warns remittance transfer providers about false claims regarding cost and speed Today, the Consumer Financial Protection Bureau (CFPB) issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law. Companies in the marketplace are charging junk fees on international money…

CDFI Fund: Public Meeting of the CDFI Fund’s Advisory Board will be Held on April 11th in Washington, DC

A Public Meeting of the CDFI Fund’s Advisory Board will be Held on April 11, 2024, in Washington, DC Wednesday, March 27, 2024 The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 1:30 p.m. to 4:30 p.m. Eastern Time on Thursday, April 11, 2024….

CFPB: CFPB Joins Federal and State Agencies in Coordinated Statements on Tech & Enforcement

Today, federal and state agencies, including the Consumer Financial Protection Bureau (CFPB), released agency-specific action statements on tech capacity. These statements reflect concrete actions to increase tech capacity, including actively hiring technologists – which will help enforce the laws on the book and design remedies that work for consumers, workers, small businesses, and others in…

SBA: Strategic Alliance Announced with National Association of Workforce Boards to Strengthen Workforce Development

Agreement Formalizes Existing Relationship with NAWB that Supports Small Business Owners by Increasing Access to Resources 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 signing of a Strategic Alliance Memorandum (SAM) with the National Association of Workforce Boards…

OCC: Minority Depository Institutions Advisory Committee Meeting Scheduled for April 16th

The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, April 16, 2024. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time (EDT)….