FDIC: CRA Examination Schedules for Second Quarter 2019 and Third Quarter 2019 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter of 2019 and third quarter of 2019. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…
OCC: Second and Third Quarter 2019 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2019. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be…
ABA: Indiana Teen Named Grand Prize Winner of National “Lights, Camera, Save!” Video Contest
Luke Wiley, a 17-year-old student from Greenwood, Ind., is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! video contest. Lights, Camera, Save!, which launched in 2010, is a unique national competition that encourages kids to use video to communicate the value of saving and motivate their peers. This year, 131 banks…
FEMA: President Trump Amends Disaster Declaration for the Commonwealth of the Northern Mariana Islands
FEMA announced that President Donald J. Trump made additional disaster assistance available to the Commonwealth of the Northern Mariana Islands by authorizing an increase in federal funding for certain eligible costs as a result of Super Typhoon Yutu. The President’s action authorizes federal cost share for all categories of Public Assistance, Hazard Mitigation and the…
SBA: Emerging Leaders Initiative to Help Growing Entrepreneurs Opens 2019 Recruitment
The U.S. Small Business Administration (SBA) announced the launch of the 2019 Emerging Leaders Initiative for executives of small businesses poised for growth in emerging markets. Local area recruitment for the 2019 training cycle is currently ongoing at designated SBA District Offices. Interested small business owners can learn more regarding eligibility, how to apply, class…
FHFA: U.S. House Prices Rise 1.1 Percent in Fourth Quarter 2018
U.S. house prices rose 1.1 percent in the fourth quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The…
Federal Reserve: Consumer Affairs Letter Issued Regarding NMTCs and Public Welfare Investments
CA 19-1: New Markets Tax Credits and Public Welfare Investments BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 20551 DIVISION OF CONSUMER AND COMMUNITY AFFAIRS CA 19-1 February 26, 2019 TO THE OFFICERS AND MANAGERS IN CHARGE OF CONSUMER AFFAIRS SECTIONS AND FINANCIAL INSTITUTIONS SUPERVISED BY THE FEDERAL RESERVE: SUBJECT: New Markets…
FEMA: President Trump Approves Major Disaster Declaration for Texas
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by severe storms and flooding on Sept. 10 to Nov. 2, 2018. The President’s action makes federal funding available to state and eligible local…
FEMA: President Trump Approves Major Disaster Declaration for Kansas
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Kansas to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, and flooding from Oct. 4-15, 2018. Federal funding is available to the state and eligible local governments and certain…
HUD: Additional $652 Million Approved to Support Texas in Its Recovery from Hurricane Harvey
Action supports $5 Billion in disaster recovery already approved by HUD U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced HUD is approving an additional $652 million to support Texas in its recovery from Hurricane Harvey. The recovery plan HUD is approving today will further assist the state’s $5 billion HUD-funded…