FDIC: 2024 Small Business Lending Survey Report Issued
The Federal Deposit Insurance Corporation (FDIC) today released the 2024 Small Business Lending Survey Report (SBLS). Conducted in 2022, the SBLS is a nationally representative sample of U.S. banks that offers important insights into their small business lending practices and how banks meet the credit needs of the nation’s small businesses. The SBLS gathered responses from…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Helene
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject…
FEMA: President Biden Approves Major Disaster Declaration for Georgia
FEMA announced that federal disaster assistance is available to the state of Georgia to supplement recovery efforts in the areas affected by Hurricane Helene from Sept. 24, 2024 and continuing. The President’s action makes federal funding available to affected individuals in Appling, Brooks, Coffee, Columbia, Jefferson, Liberty, Lowndes, Pierce, Richmond, Tattnall and Toombs counties. Assistance…
HUD: More Than $22 Million Announced to Combat Housing Discrimination in America
Grants will support fair housing education, outreach, testing, and enforcement activities to end racial discrimination in America’s housing system. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $22,241,793 to fair housing organizations across the nation to bolster ongoing efforts to address housing discrimination. Funds announced today through HUD’s Fair…
EDA: Additional $5 Million Invested to Support Indigenous Communities through Existing Public Works and Economic Adjustment Assistance Funding Opportunities
Today, the U.S. Economic Development Administration (EDA) announced an update to the FY 2023 EDA Public Works and Economic Adjustment Assistance Program (PWEAA) funding opportunity, including an addendum to provide $5 million for indigenous communities. The additional funding expands on the transformational work of the American Rescue Plan Act’s (ARPA) Assistance to Indigenous Communities (AIC) program and EDA’s…
OCC: Bank Supervision Operating Plan for Fiscal Year 2025 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2025. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking…
CFPB: Agency Takes Aim at Double Billing and Inflated Charges in Medical Debt Collection
Debt collectors may not collect on inaccurate, unsubstantiated, or invalid medical bills Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to prevent families from being targeted by illegal medical debt collection tactics. The advisory opinion clarifies that debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate…
ABA: America’s Banks and ABA Launch Two Major Consumer Protection Initiatives: #PracticeSafeChecks and #BanksNeverAskThat
Introduces new #PracticeSafeChecks campaign, celebrates 5th annual #BanksNeverAskThat campaign The American Bankers Association joined by banks across the country today launched two major consumer protection initiatives to combat the growing threat of fraud and scams. ABA’s award-winning #BanksNeverAskThat anti-phishing campaign, which has educated millions of bank customers about common scams from bad actors posing as…
FEMA: President Biden Approves Major Disaster Declaration for South Carolina
FEMA announced that federal disaster assistance is available to the state of South Carolina to supplement recovery efforts in the areas affected by Hurricane Helene from Sept. 25, 2024 and continuing. The President’s action makes federal funding available to affected individuals in Aiken, Anderson, Bamberg, Barnwell, Cherokee, Greenville, Greenwood, Lexington, Newberry, Oconee, Pickens, Saluda and…