CDFI Fund: FY 2017 Round BEA Program Application Submission Deadline Extended to December 14th
On September 29, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Funds Availability (NOFA) for the Bank Enterprise Award Program (BEA Program) that the deadline for submitting the FY 2017 BEA Program Application (Application) via the CDFI Fund’s Award Management Information System (AMIS) was 5:00 p.m. Eastern Time on…
CFPB: Leandra English Named Deputy Director of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today announced that Leandra English has been officially named deputy director of the agency. English, who had been most recently serving as the agency’s chief of staff, has previously held key leadership positions at the CFPB, the Office of Management and Budget, and the Office of Personnel Management. David…
CFPB: Five Ways Banks and Lenders Work with People Who Speak or Understand Limited English
By Alice Chang and Dubis Correal and Holly Zaharchuk More than one out of every 12 people over the age of five in the U.S. are limited English proficient (LEP), meaning that they speak English less than very well, according to the U.S. Census Bureau’s 2016 American Community Survey One-Year Estimates. LEP consumers may…
Census Bureau: New Data Tools and Apps to Be Revealed at Technology Demo Day on November 29th
What: The U.S. Census Bureau will showcase 12 new innovative projects at an interagency demonstration day created through a federal initiative called The Opportunity Project (TOP). These new tools address problems such as youth and veteran homelessness, engaging hard-to-count populations in the decennial census and making federal grants data user-friendly. TOP is a collaborative effort…
SBA: Shop “Small” this Saturday
SBA Administrator Linda McMahon calls on Americans to shop local small businesses on Saturday, November 25 Linda McMahon, Administrator of the U.S. Small Business Administration, is reminding Americans that shopping on Small Business Saturday supports America’s thriving small businesses. “Small Business Saturday is about supporting local businesses and creating jobs in communities all across America,”…
FHFA: 2018 Multifamily Lending Caps for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) today announced that the 2018 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, down from $36.5 billion in 2017. The caps are based on projections of the overall size of the 2018 multifamily originations market, which FHFA expects to…
ABA: National Judges Set to Select 2017-2018 Lights, Camera, Save! Winners
Teen Video Contest Accepting Entries through Dec. 1 WASHINGTON – The American Bankers Association Foundation has announced its Lights, Camera, Save! national judging panel, along with the list of 157 participating banks, who will hold 173 contests in 45 states through Dec. 1. Contest winners will be announced during America Saves Week 2018. The Lights,…
FHFA: Fannie Mae and Freddie Mac Will Re-enter the LIHTC Market
Equity Investments Will Support Underserved Markets The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will be allowed limited re-entry into the Low Income Housing Tax Credit (LIHTC) market as equity investors, effective immediately. The LIHTC, established in the Tax Reform Act of 1986, is the primary government program…
Federal Reserve: Speech | Where Do Consumers Fit in the FinTech Stack?
Where Do Consumers Fit in the Fintech Stack? Governor Lael Brainard The new generation of fintech tools offers the potential to help consumers manage their increasingly complicated financial lives, but also poses risks that will need to be managed as the marketplace matures.1 In many ways, the new generation of fintech tools can be seen…