FEMA: President Biden Approves Major Disaster Declaration for New York
FEMA announced that federal disaster assistance is available to the state of New York to supplement recovery efforts in the areas affected by severe storms and flooding on Aug. 18-19, 2024. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…
HUD: $750,000 Invested to Modernize Rental Homes for Waldorf, MD Families
Newly closed Green and Resilient Retrofit Program transaction will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $750,000 transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes in Waldorf, MD, home to 204…
CFPB: Personal Financial Data Rights Rule Finalized to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services
Rule will help lower prices on loans and empower people to more easily fire financial companies that provide bad service Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will give consumers greater rights, privacy, and security over their personal financial data. The rule requires financial institutions, credit card issuers, and other financial providers to…
ABA: Next Generation of Bank Leaders Recognized with 2024 Emerging Leader Awards
The American Bankers Association today announced the 2024 recipients of its annual ABA Emerging Leader Awards. These awards recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. “This year’s ABA Emerging Leaders are an impressive group of rising stars…
FEMA: President Biden Approves Major Disaster Declaration for North Carolina
FEMA announced that federal disaster assistance is available to the state of North Carolina to supplement recovery efforts in the areas affected by Potential Tropical Cyclone Eight from Sept. 16-20, 2024. Federal funding is available to state, tribal, and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and…
FHFA: Rule Proposed to Improve Federal Home Loan Bank Governance
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking which addresses boards of directors and executive management of the Federal Home Loan Banks (FHLBanks) and the FHLBank System’s Office of Finance. The proposed rule will update and clarify regulatory requirements on a variety of corporate governance topics. “The Federal Home Loan Bank…
ABA: Seven Banks Win ABA Foundation 2024 Community Commitment Awards
The American Bankers Association Foundation today named seven banks as 2024 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in New York City on Oct. 29. The selection committee, made up…
ABA: Texas Banker Raul Valles Wins ABA Foundation Distinguished Service Award
The ABA Foundation has named Raul Valles, vice president of commercial real estate for Dallas Capital Bank in Dallas, the winner of its 2024 George Bailey Distinguished Service Award for his extraordinary commitment to supporting the military community throughout his banking career. Valles has worked in banking for more than 20 years, while also serving…
OCC: Receiver Appointed for The First National Bank of Lindsay, OK
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The First National Bank of Lindsay, in Lindsay, Oklahoma. As of June 30, 2024, the bank reported approximately $108 million of total assets. The OCC acted after identifying false and deceptive bank records and other…
FDIC: First Bank & Trust Co., Duncan, OK Acquires Insured Deposits of The First National Bank of Lindsay, OK
The First National Bank of Lindsay, Lindsay, Okla., was closed today by the Office of the Comptroller of the Currency (OCC), which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with First Bank & Trust Co. Duncan, Okla., to assume the insured…