SBA: Resource Partners of the Year Announced
Winners offer outstanding counseling and funding opportunities for entrepreneurs Today, the U.S. Small Business Administration (SBA) announced four Resource Partners of the Year awards. SBA Resource Partners, funded in part by the SBA, provide America’s small businesses with technical assistance, training, and access to capital. In the first two years of the Biden-Harris Administration, a record-breaking 10.5 million…
Federal Reserve: Applications Solicited for Membership on the Community Advisory Council
The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council, or CAC, which advises the Board on issues affecting consumers and communities. The CAC is made up of a diverse group of experts and representatives of consumer and community…
FHFA: Appraisal Subcommittee Hearing on Appraisal Bias Scheduled for May 19th
This will be the second public hearing on appraisal bias held by the ASC The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) on Friday, May 19, 2023, for its second public hearing on appraisal bias in coordination with ASC member agencies. The intent of this hearing is to explore the current…
OCC: Minority Depository Institutions Advisory Committee Meeting Scheduled for April 25th; Four New Members Appointed
The Office of the Comptroller of the Currency (OCC) today announced it will host a meeting of the Minority Depository Institutions Advisory Committee (MDIAC) and the appointment of four new MDIAC members. The MDIAC meeting will take place on Tuesday, April 25, 2023. The meeting, which will be held in person and virtually, is open…
SBA: America’s Women Entrepreneurs Recognized During the SBA Second Annual Women’s Business Summit
In honor of Women’s History Month, the U.S. Small Business Administration (SBA) held a two-day Women’s Business Summit on March 28-29, 2023, which drew more than 10,000 participants. Attendees heard from President Biden, Administrator Isabella Casillas Guzman, the Senate Small Business Committee Chair Sen. Ben Cardin (D-MD), the House Small Business Committee Ranking Member Rep. Nydia Velazquez…
FHFA: Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
Agency also releases updated Enterprise fair lending data The Federal Housing Finance Agency (FHFA) today announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance…
FDIC: Financial Advisor Retained to Assist with the Liquidation of Securities of the Former Signature Bank, New York, NY, and Silicon Valley Bank, Santa Clara, CA
The Federal Deposit Insurance Corporation (FDIC) as receiver of the former Signature Bank, New York, NY, and Silicon Valley Bank, Santa Clara, CA, will undertake a marketing process to sell the securities portfolios retained from the two receiverships. The face values of the two portfolios are approximately $27 billion and $87 billion, respectively. The securities…
FHFA: Inaugural Housing Finance TechSprint Announced
The Federal Housing Finance Agency (FHFA) today announced its inaugural TechSprint, a team-based problem-solving event hosted by FHFA’s Office of Financial Technology, designed to secure the free and fair flow of data in a safe and sound housing finance system. Named “Velocity,” the TechSprint will bring together experts and practitioners from the technology and the…
HUD: National Fair Housing Month 2023 and the 55th Anniversary of the Fair Housing Act Commemorated
Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2023, commemorating 55 years since the Fair Housing Act was signed into law. This year’s Fair Housing Month theme, Choices for All Voices: Building an Equitable Future, underscores the Biden-Harris Administration’s commitment to advancing equity in housing, combating discrimination in housing,…
FDIC: Upcoming Sale of the Loan Portfolio from the Former Signature Bank, New York, NY Announced
The Federal Deposit Insurance Corporation (FDIC) today announced the framework of a marketing process for the approximately $60 billion loan portfolio retained in receivership following the failure of Signature Bank, New York, New York. The portfolio is comprised primarily of commercial real estate (CRE) loans, commercial loans and a smaller pool of single–family residential loans. The…