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…
FDIC: Consumers Encouraged to Set Financial Goals and Learn More about Options for Saving
The Federal Deposit Insurance Corporation (FDIC) encourages consumers to use America Saves Week as an opportunity to evaluate their short- and long-term financial goals and learn more about how banks can help achieve them. “During America Saves Week, the FDIC encourages consumers to expand their financial knowledge, set clear savings goals and strong savings habits,…
HUD: FHA Pilot Program Expanded to Accelerate Financing of Low-Income Housing Tax Credit Projects
Action designed to speed production of critically needed affordable housing U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a significant expansion of a Federal Housing Administration (FHA) pilot program that streamlines FHA mortgage insurance applications for affordable housing developments that have equity from the sale of Low-Income Housing Tax Credit (LIHTC) Program,…
HUD: $10.6 Million in Jobs Plus Grants Awarded to Help Low-Income Public Housing Residents Secure Higher Paying Jobs
Jobs Plus grants to help families achieve financial self-sufficiency To help low-income public housing residents increase their income and move toward self-sufficiency, the U.S. Department of Housing and Urban Development (HUD) today awarded $10.6 million to four Public Housing Authorities (PHAs). HUD’s Jobs Plus Initiative connects public housing residents with employment, education and financial empowerment services—a…