EDA: $2 Million Invested to Support Manufacturing Industry in Wichita, KA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Wichita State University (WSU) of Wichita, Kansas, to purchase equipment needed to support regional manufacturing growth and training. According to grantee estimates, the project is expected to create 150 jobs. “The Trump Administration…
FDIC: Meeting of Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, March 28. During the meeting, FDIC senior staff will discuss efforts regarding de novo institutions, community bank technical assistance efforts, the 2017 FDIC National Survey of Unbanked and Underbanked Households, and various…
CPFB: Enhancements to Advisory Committees Announced and Member Applications Now Open
Today the Consumer Financial Protection Bureau (Bureau) announced enhancements to its advisory committee charters. The enhancements are a result of CFPB Director Kathleen L. Kraninger’s engagement with current and former advisory committee members during her three-month listening tour. “I’ve seen firsthand how the Bureau benefits from the valuable input provided by committee members. I have…
OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act
The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit…
SBA: Nation’s Top Small Businesses Honored by SBA Administrator
Winners to be formally recognized in Washington, D.C. on May 5-6 WToday, Administrator Linda McMahon, the head of the U.S. Small Business Administration, announced the 2019 Small Business Persons of the Year winners from the 50 states, the District of Columbia, Puerto Rico, and Guam. Each of the winners have been invited to attend ceremonies in Washington,…
EDA: $1 Million Invested to Expand Broadband Service in South Bend, IN
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to St. Joseph County, Indiana, to expand high-speed broadband infrastructure at the Indiana Enterprise Center (IEC). According to grantee estimates, the project is expected to create 230 jobs and spur $710 million in private…
HUD: Second Invitation Issued for Public Housing Agencies to Join “Moving to Work” Demonstration Program
MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting a second round of public housing agencies to join the Department’s expanding Moving to Work (MTW) demonstration program. Today’s invitation follows a similar notice last October seeking the first cohort under the MTW expansion. MTW allows…
Interagency: Agencies Announce Two Public Meetings on Merger of BB&T and SunTrust; Public Comment Period Extended
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Thursday announced that they will jointly hold two public meetings on the proposed merger of BB&T Corporation, Winston-Salem, North Carolina, with SunTrust Banks, Inc., Atlanta, Georgia. As part of the proposal, BB&T would merge SunTrust Bank with and into its subsidiary state non-member…
CFPB: Forty Organizations Join the 2019 “Your Money, Your Goals” Cohort
As part of its mission to empower consumers to make more informed financial decisions, the Bureau works through established community organizations and service providers to integrate financial empowerment tools and services. Today we welcome 40 new organizations to the 2019 Your Money, Your Goals cohort. Since 2013, the Bureau has worked through this initiative to train more…
SBA: National Small Business Week Announced
Today, the head of the U.S. Small Business Administration, Administrator Linda McMahonannounced that this year’s National Small Business Week will be held from May 5-11, 2019. Administrator McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners and SBA Resource Partners from around the nation. She will continue the…