CRA Newswire

Federal Reserve: CRA Examination Schedule for First and Second Quarter 2018 Released

The Federal Reserve has released the CRA examination schedules for the first two quarters of 2018: First Quarter 2018 Boston Bank name City State MANSFIELD CO-OP BK MANSFIELD MA WASHINGTON SVG BK LOWELL MA New York Bank name City State AMBOY BK OLD BRIDGE NJ BANK OF CATTARAUGUS CATTARAUGUS NY FIELDPOINT PRIV B&TC GREENWICH CT…

CFPB: Leandra English Named Deputy Director of the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau (CFPB) today announced that Leandra English has been officially named deputy director of the agency. English, who had been most recently serving as the agency’s chief of staff, has previously held key leadership positions at the CFPB, the Office of Management and Budget, and the Office of Personnel Management. David…

FEMA: Major Disaster Declaration Declared for Mississippi & Alabama

The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Mississippi to supplement state and local recovery efforts in the areas affected by Hurricane Nate from October 6 to October 10, 2017. Federal funding is available to state and eligible local governments and certain private…

FEMA: Federal Aid Programs for the State of Mississippi

Following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Donald J. Trump’s disaster declaration issued for the state of Mississippi. Assistance for State and Affected Local Governments Can Include as Required: Payment of not less than 75 percent of the eligible costs for…

FEMA: California Disaster Declaration Amended

The Federal Emergency Management Agency (FEMA) announced today that additional disaster assistance is available to the state of California. The additional assistance authorizes an increase in federal funding for emergency protective measures undertaken in the state of California as a result of wildfires from October 8 through October 31, 2017. Under the President’s major disaster declaration…

CFPB: A Five-Step Spending Plan to Avoid Holiday Debt

The holidays can put a financial burden even on the savviest of shoppers and savers. But like most things, taking time to plan can help you avoid the stress that comes with overspending. Before you hit the mall or shop for Black Friday deals, keep reading to learn how to make a holiday spending plan…

CFPB: Five Ways Banks and Lenders Work with People Who Speak or Understand Limited English

By Alice Chang and Dubis Correal and Holly Zaharchuk   More than one out of every 12 people over the age of five in the U.S. are limited English proficient (LEP), meaning that they speak English less than very well, according to the U.S. Census Bureau’s 2016 American Community Survey One-Year Estimates. LEP consumers may…

FFIEC: Federal Financial Institutions Regulatory Agencies Announce Availability of 2016 Small Business, Small Farm and Community Development Lending Data

The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — announced today the availability of data on small business, small…

Census Bureau: Services Sector Revenue Rises to $15.5 Trillion

Revenue generated by service sector firms increased 4.4 percent between 2015 and 2016, according to statistics from the U.S. Census Bureau’s 2016 Service Annual Survey (SAS). Revenue for all service sectors covered by the program is estimated at $15.5 trillion for 2016. This is the first SAS release to include information for the North American…