SBA: New York Director Announces Small Business Week Awardees
New York – The results are in. Businesses from across the New York SBA District – the five boroughs of New York City, Long Island, and seven down-state counties of the Mid and Lower Hudson – submitted applications to the 2017 National Small Business Week Awards. Judges selected nine winners in various categories, ranging from…
OCC: Newsletter Focuses on Innovative Partnerships to Preserve Affordable Housing
WASHINGTON — The Office of the Comptroller of the Currency (OCC) published the latest edition of its Community Development Investments newsletter entitled “Preserving Affordable Housing: Innovative Partnerships.” This issue describes the role of national banks and federal savings associations in preserving America’s affordable rental housing and presents examples of how financial institutions and nonprofit organizations…
ABA: Foundation Celebrates April as Financial Literacy Month
WASHINGTON — Eighty-eight percent of adults overwhelmingly agree that personal finance skills should be taught in schools, according to a new survey from Morning Consult. Despite such strong support, as of 2016, only 17 states require high school students to take a course in personal finance. In an effort to fill that gap, the ABA…
FDIC: FIL-13-2017 | FDIC Releases Report on Its Youth Savings Pilot and Launches New Network to Support Youth Savings Collaborations
Printable Format: FIL-13-2017 – PDF (PDF Help) Summary: The FDIC released a report on its Youth Savings Pilot program, which identifies promising approaches to combining financial education with the opening of safe, low-cost savings accounts for school-aged children. The report from the FDIC’s two-year Youth Savings Pilot is based on the experiences of 21 diverse…
FDIC: Report Released on FDIC Youth Savings Pilot Program
The Federal Deposit Insurance Corporation (FDIC) today released a report on its Youth Savings Pilot program at a meeting of its Community Banking Advisory Committee. The pilot program identifies promising approaches to combining financial education with the opening of safe, low-cost savings accounts for school-aged children. Financial education and school-based savings programs introduce young people…
SBA: Funding Awarded to Organizations Offering Entrepreneurship Training to Women Veterans and Military Spouses
WASHINGTON – The U.S. Small Business Administration this week announced the awarding of $300,000 in Women Veteran Entrepreneurship Training Program grants to three organizations offering small business development resources to women veterans and military spouses. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s entrepreneurial training programs for women who are…
CDFI Fund: Request for Public Comment on Annual Certification Report
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 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 Community Development Financial Institutions…
SBA: Administrator McMahon Appoints William Manger as Head of Capital Access
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that William Manger will serve as Associate Administrator for SBA’s Office of Capital Access. “Capital is the lifeblood of small businesses,” McMahon said. “Bill will play a critical part of SBA’s mission by helping entrepreneurs get access to the credit they need…
FHFA: Timing for Implementation of Release 2 of the Common Securitization Platform
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published An Update on Implementation of the Single Security and the Common Securitization Platform. The Update includes the timeframe for Release 2 of the Common Securitization Platform (CSP), planned for the second quarter of 2019. Release 2 will allow Fannie Mae and Freddie Mac (the…
SBA: Administrator McMahon Appoints Joseph Shepard as Head of Investment and Innovation
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that Joseph Shepard will serve as the Associate Administrator for the Office of Investment and Innovation. “It is my pleasure to welcome Joe to the SBA,” McMahon said. “His previous public sector experience at SBA overseeing the SBIC program, as well as…