ABA: 7 Tips Millennials Can Bank On
WASHINGTON — As millennials face unprecedented financial burdens such as student debt, the American Bankers Association is highlighting seven money tips to help them plan for a financially sound future. “With student debt and high housing costs creating challenges for many millennials, now is a better time than ever for them to map out their…
HUD: New Residential Construction Activity for March Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for March 2017: BUILDING PERMITS Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,260,000. This is 3.6 percent (±2.8 percent) above the revised…
SBA: National Small Business Week 2017 to Kick-off in the Nation’s Capital
Leading organizations join forces with SBA to make the week possible Release Date: Tuesday, April 18, 2017 Release Number: 17-21 Contact: Terry Sutherland (202) 205-6919 Internet Address: https://www.sba.gov/news WASHINGTON – National Small Business Week 2017 kicks off at the end of this month with an awards ceremony in Washington, D.C. where national award winners including…
SBA: Wisconsin Women’s Business Initiative Corporation Wins SBA’s Jody C. Raskind Lender Award
WASHINGTON – The Wisconsin Women’s Business Initiative Corporation (WWBIC), a Milwaukee-based nonprofit organization serving women entrepreneurs, is the recipient of this year’s Jody C. Raskind Lender Award. This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself in helping small businesses start, grow and expand. The…
CFPB: Safeguarding Against Credit Discrimination | 2016 Fair Lending Report
It is against the law for a lender to discriminate in any aspect of a credit transaction based on certain reasons. Despite this prohibition, we hear from consumers who believe they have been treated differently because of these reasons, including characteristics such as their age, race, national origin, or sex. That’s where the CFPB’s Office…
OCC: One-on-One Industry Meetings Announced as Part of Office of Innovation Office Hours
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand, and respond to financial innovation affecting the federal banking system. “The OCC supports responsible innovation that enhances the safety and…
CFPB: Changes to Regulation C Proposed to Help Industry Company | Looking for Feedback
Today we released a proposal to amend Regulation C to provide certain clarifications that would help companies comply with their data reporting requirements. Regulation C implements the Home Mortgage Disclosure Act (HMDA). The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose information about mortgages. HMDA was originally enacted…
ABA: New Survey – Americans Confident in Their Financial Literacy Skills
ABA Foundation offers questions to help consumers see how they stack up WASHINGTON — Nearly two-thirds of adults (62 percent) consider their own financial literacy to be good or excellent, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. However, their perception of the average American isn’t quite…
SBA: Small Business Innovation National Road Tour Announced
WASHINGTON – The U.S. Small Business Administration (SBA) today announced it will launch an 11-state, 15-stop road tour led by the SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, with participation from 11 other federal agencies. This will be the third year of the SBA-led National Innovation Road Tour. “The…