CFPB: Agency Will Not Prioritize Enforcement or Supervisory Actions of Section 1071 Small Business Lending Requirements
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Small Business Lending Under the Equal Credit Opportunity Act (Regulation B), implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 88 Fed. Reg….
CDFI Fund: Upcoming CDFI Certification Deadline and Service Request Cutoff Date Announced
Last June, the Community Development Financial Institutions Fund (CDFI Fund) released the General Reapplication Submission Deadlines for the CDFI Certification Application for all Certified CDFIs. The first reapplication submission window, Window 1, closes on May 31, 2025. To avoid delays or loss of Certification, organizations must act now to prepare their submissions and resolve outstanding issues. Cut-off for…
SBA: 2025 National Small Business Week Virtual Summit Agenda Announced
SCORE, the Nation’s Largest Network of Volunteer Business Mentors, Co-Hosts Virtual Summit Today, the U.S. Small Business Administration announced the agenda for the National Small Business Week Virtual Summit, a free online event that will be held May 6-7. Registration is required(Link is external). The Virtual Summit, co-sponsored by SCORE(Link is external), will feature more than a dozen educational workshops led…
FHFA: House Price Index Up 0.1 Percent in February 2025; Up 3.9 Percent from Last Year
U.S. house prices rose 0.1 percent in February, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 3.9 percent from February 2024 to February 2025. The previously reported 0.2 percent price growth in January was revised upward to 0.3 percent. For the nine census divisions, seasonally adjusted monthly home price…
OCC: Acting Comptroller of the Currency Discusses Artificial Intelligence
Acting Comptroller of the Currency Rodney E. Hood today discussed the role of artificial intelligence in financial services in recorded remarks at the National Fair Housing Alliance’s Responsible AI Symposium. In his remarks, Acting Comptroller Hood highlighted the Office of the Comptroller of the Currency’s (OCC) work to ensure AI and other technologies are used…
CDFI Fund: Virtual TLR Office Hours for General CDFI Recertification Applicants Announced
The Community Development Financial Institutions Fund (CDFI Fund) will now host four (4) one-hour virtual office hour sessions to help CDFI Certification Applicants understand how to complete the Transaction Level Report (TLR). All organizations are required to submit a TLR as part of their CDFI Certification reapplication and then on an annual basis as part…
FEMA: President Trump Approves Major Disaster Declaration for Kentucky
FEMA announced that federal disaster assistance is available to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides beginning on April 2, 2025, and continuing. The President’s action makes federal funding available to affected individuals in Anderson, Butler, Carroll, Christian, Clark, Franklin,…
HUD: Secretary Turner Announces Newly Available Funds to Expand the Tribal HUD-VASH Program
Additional funding builds on successful rental assistance program for Native American veterans U.S. Housing and Urban Development (HUD) Secretary Scott Turner today announced $2.2 million in new available funding under the Tribal HUD-Veterans Affairs Supportive Housing (VASH) program. This program delivers critical rental assistance for Native American veterans who are – or who are risk…
Agencies Withdraw Joint Statements on Crypto-Assets
Today, the Federal Deposit Insurance Corporation, together with the Board of Governors of the Federal Reserve System (collectively, the agencies), has withdrawn two joint statements regarding banking organizations’ crypto-asset-related activities. This action is intended to provide clarity that banking organizations may engage in permissible crypto-asset activities and provide products and services to persons and firms engaged…
Federal Reserve: Withdrawal of Guidance for Banks Related to Their Crypto-Asset and Dollar Token Activities and Related to Its Expectations for These Activities Announced
The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities. These actions ensure the Board’s expectations remain aligned with evolving risks and further support innovation in the banking system. The Board is rescinding its 2022 supervisory…