ABA: Banker and Professor 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 Leonard Wolfe, president and CEO of United Bank and Trust based in Marysville, Kan. with the Bruning Award and Robert Craven, associate director of the Center…
HUD: Ginnie Mae Announces First-Ever Social Bond Enhancements to Define Its Significant Impact in Promoting Broader Access to Mortgage Financing
Updates to Mortgage-Backed Securities Prospectuses and Social Impact and Sustainability Framework Support Ginnie Mae’s Mission Today, Ginnie Mae announced the launch of its “Social Bond” label for Single-Family Forward Mortgage-Backed Securities (MBS) prospectuses and released the Social Impact and Sustainability Framework. Together, these updates support Ginnie Mae’s mission-oriented work and communicate the positive social impact…
ABA: Inaugural Diversity, Equity and Inclusion Award Winners Announced
The American Bankers Association recognized inaugural winners of its new ABA Diversity, Equity and Inclusion awards today at the virtual 2023 DEI Summit. These awards celebrate ABA member banks for their internal-facing programs, leadership and activities focused on improving diversity, equity and inclusion within their workplace. “We congratulate all of the winners and honorable mentions of these inaugural…
FHFA: Membership Applications Open for Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing
The Federal Housing Finance Agency (FHFA) today announced it will begin accepting membership applications for its Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing. The Committee will advise FHFA on affordable, equitable, and sustainable housing needs and any regulatory or policy changes that may be necessary or beneficial to provide reliable liquidity to housing…
FHFA: New Phase of Public Engagement Process Announced for Updated Credit Score Requirements
Today, the Federal Housing Finance Agency (FHFA) announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac (the Enterprises). This engagement, which will include stakeholder forums and listening sessions, will allow for identification of a wide…
HUD: Updated HUD Housing Counseling Program Handbook Released to Better Equip Housing Counseling Partners to Support Renters, Homebuyers, and Homeowners
First Set of Comprehensive Updates to Housing Counseling Program Handbook provide participants with the latest guidance to assist consumers with their housing needs Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) published an update to its Housing Counseling Program Handbook. The update is the first set of comprehensive changes implemented since 2010…
FDIC: Report Released Detailing Supervision of the Former First Republic Bank, San Francisco, CA
Today, Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of First Republic Bank, an internal review evaluating the agency’s supervision of First Republic Bank, San Francisco, California, from 2018 until its failure in May 2023. The report provides information on the causes of First Republic Bank’s failure and evaluates the FDIC’s…
ABA: Board & Officers for 2023-2024 Nominated
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 October 8-10 in Nashville, Tenn. The committee, chaired by A. Scott Anderson, president and CEO, Zions Bank, Salt Lake City, nominated these candidates for ABA officer positions: The committee also…
SBA: Call for Nominations Announced for 2024 National Small Business Week Awards
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the call for nominations for the 2024 National Small Business Week (NSBW) Awards. The NSBW Awards recognize the outstanding achievements, triumphs, contributions, and resilience of SBA-assisted small businesses that help to drive the American economy. “Small businesses…
EDA: $1.6 Million Invested to Support Industrial Technology Workforce Development in Rock Hill, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to York Technical College in Rock Hill, South Carolina, to support workforce development and job creation in the industrial sector. This grant will support the procurement of equipment necessary to upgrade and expand training capacity…