Federal Reserve: Speech | “CRA: How Can We Preserve What Works and Make it Better?”
Governor Lael Brainard At the 2019 Just Economy Conference, National Community Reinvestment Coalition, Washington, D.C. It is a pleasure to have an opportunity to discuss how we can preserve what is working well with the Community Reinvestment Act (CRA) and make it better.1 In recent months, we have seen a high level of engagement from banks…
HUD: Trump Administration Proposes 2020 HUD Budget
Spending plan preserves rental subsidies; increases homeless assistance and healthy housing The Trump Administration today announced its proposed Fiscal Year 2020 Budget for the U.S. Department of Housing and Urban Development (HUD), a $44.1 billion spending plan that expands resources to prevent/end homelessness; invests record funding to reduce lead and other home health and safety…
CDFI Fund: Public Comments Requested on FY 2020-2022 CDFI Program and NACA Program Applications
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…
OCC: New Bulletin Outlines Key HMDA Data Fields for Full and Partial Reporters
Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin (OCC BULLETIN 2019-12) to inform national banks, federal savings associations, and federal branches and agencies (collectively, banks) about key data fields that the OCC has determined examiners will typically use to test and validate the accuracy and reliability of home mortgage loan…
FDIC: New Resources Unveiled for Consumers During National Consumer Protection Week 2019
In observance of National Consumer Protection Week (NCPW), March 3–9, the Federal Deposit Insurance Corporation (FDIC) today unveiled new resources to help consumers understand their rights and make well-informed decisions about money. The FDIC has added a new, online Information and Support Center to the agency’s existing educational resources. Consumers can use the Center to…
ABA: Indiana Teen Named Grand Prize Winner of National “Lights, Camera, Save!” Video Contest
Luke Wiley, a 17-year-old student from Greenwood, Ind., is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! video contest. Lights, Camera, Save!, which launched in 2010, is a unique national competition that encourages kids to use video to communicate the value of saving and motivate their peers. This year, 131 banks…
SBA: Emerging Leaders Initiative to Help Growing Entrepreneurs Opens 2019 Recruitment
The U.S. Small Business Administration (SBA) announced the launch of the 2019 Emerging Leaders Initiative for executives of small businesses poised for growth in emerging markets. Local area recruitment for the 2019 training cycle is currently ongoing at designated SBA District Offices. Interested small business owners can learn more regarding eligibility, how to apply, class…
Federal Reserve: Consumer Affairs Letter Issued Regarding NMTCs and Public Welfare Investments
CA 19-1: New Markets Tax Credits and Public Welfare Investments BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 20551 DIVISION OF CONSUMER AND COMMUNITY AFFAIRS CA 19-1 February 26, 2019 TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS AND FINANCIAL INSTITUTIONS SUPERVISED BY THE FEDERAL RESERVE: SUBJECT: New Markets…
CFPB: “Start Small, Save Up” Initiative Announced
Consumer Financial Protection Bureau Director Kathleen L. Kraninger today announced an initiative to help promote the importance of savings among Americans. The Start Small, Save Up initiative offers tips, tools and information to help consumers build a basic savings cushion and saving habit, as a foundation for securing their financial futures. “Our research finds that…
HUD: New Monitor Announced to Help New York City Housing Authority Address Chronic Housing Problems
Bart M. Schwartz to ensure compliance with recent agreement with New York City and NYCHA U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced its intent to select Bart M. Schwartz to serve as the federal monitor to ensure the New York City Housing Authority (NYCHA) satisfies the conditions of a recently announced…