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Upcoming Webinar: AEO’s Innovation Challenge Solutionhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=226Upcoming Webinar: AEO’s Innovation Challenge Solution<p>The Association for Enterprise Opportunity (AEO) will host a webinar on September 8, 2016 to provide additional insight into its winning <a href="/news-events/news/Pages/news-detail.aspx?NewsID=185&Category=Updates" target="_blank">2015 CDFI Fund Innovation Challenge solution</a>. </p><p>AEO’s proposed solution is a screening and assessment tool that will match small business owners who have been declined by traditional lenders with CDFIs that may be able to assist them. In this special webinar opportunity, AEO’s team will provide more details on how their technology solution will work, as well as insights they have learned along the way as they designed and developed the solution. CDFI Fund Director Annie Donovan will provide introductory remarks.</p><p><b>2015 Innovation Challenge Update Webinar</b></p><p>Thursday, September 8, 2016<br> 1:00 p.m. EDT</p><p><a href="https://attendee.gotowebinar.com/register/2974869823258833667" target="_blank">Register to attend the webinar here. </a></p><p>Registration may be completed up to the start time of the webinar on September 8. </p><p>Learn more about AEO’s recent work by reading their <a href="http://www.aeoworks.org/index.php/site/page/category/blog/" target="_blank">blog series</a>. Visit <a href="http://www.cdfifund.gov/" target="_blank">www.cdfifund.gov</a> to learn more about the CDFI Fund and its programs.</p> 2016-08-24T04:00:00ZUpdates226
Request for Public Comment: Bank Enterprise Award Program Applicationhttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=223Request for Public Comment: Bank Enterprise Award Program Application<p>The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Bank Enterprise Award Program (BEA Program) Application.</p><p>The purpose of the Bank Enterprise Award Program (BEA Program) is to provide an incentive to FDIC-insured depository institutions to increase their activities in the form of loans, investments, services, and technical assistance, within distressed communities and provide financial assistance to community development financial institutions through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The CDFI Fund will make awards through the BEA Program to FDIC-insured depository institutions, based upon such institutions’ completion of certain qualified activities, as reported in the application.</p><p>The application will solicit information concerning: applicants’ eligibility to participate in the BEA Program; the quantity (value) of applicants’ activities, and the extent to which such activities may be qualified activities; and appropriate supporting documentation. The questions that the application contains, and the information generated thereby, will enable the CDFI Fund to evaluate applicants’ activities and determine the extent of applicants’ eligibility for BEA Program awards.</p><p>The CDFI Fund invites comments on: (a) whether the collection of information is necessary for the proper performance of the functions of the CDFI Fund, including whether the information shall have practical utility; (b) the accuracy of the CDFI Fund’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.</p><p>Comments must be submitted in writing on or before October 11, 2016 to Bob Ibanez, BEA Program Manager, CDFI Fund, U.S. Department of the Treasury, at <a href="mailto:bea@cdfi.treas.gov" target="_blank">bea@cdfi.treas.gov</a>, or 1500 Pennsylvania Avenue, NW, Washington, D.C., 20020. </p><p><b>Related Materials</b></p><ul><li><p><a href="/Documents/BEA%20App%20PRA%20FR%202016-18559.pdf">Federal Register Notice</a></p></li><li><p><a href="/Documents/2016%20BEA%20Application-for%2060-day%20Comment.pdf">For Comment: BEA Program Application</a></p></li></ul> 2016-08-10T04:00:00ZUpdates223
Request for Public Comment: Bank Enterprise Award Program Interim Rulehttps://www.cdfifund.gov/Lists/CDFI News/DispForm.aspx?ID=224Request for Public Comment: Bank Enterprise Award Program Interim Rule<p>The U.S. Department of the Treasury invites the general public and other Federal agencies to take this opportunity to comment on its revised interim rule implementing the Bank Enterprise Award Program (BEA Program), administered by the Community Development Financial Institutions Fund (CDFI Fund). </p><p>The purpose of the BEA Program is to provide an incentive to FDIC-insured depository institutions to increase their activities -- in the form of loans, investments, services, and technical assistance -- within distressed communities; and to provide financial assistance to Community Development Financial Institutions through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The CDFI Fund will make awards through the BEA Program to FDIC-insured depository institutions based upon such institutions’ completion of certain Qualified Activities.</p><p>The revised interim rule reflects the CDFI Fund’s programmatic decision to create two subcategories within the Distressed Community Financing Activities category of Qualified Activities in order to differentiate between: (1) Consumer Loans and (2) Commercial Loans and Investments. The rule includes additional revisions necessary to implement this modification to the Distressed Community Financing Activities category, as well as to make certain technical corrections and other updates to the current rule.</p><p>Public comment is solicited on all aspects of this interim rule. Comments must be submitted in writing on or before October 11, 2016 via the Federal e-Rulemaking Portal at <a href="http://www.regulations.gov/" target="_blank">http://www.regulations.gov</a>  (please follow the instructions for submitting comments). All submissions received must include the agency name and Regulatory Information Number (RIN) for this rulemaking. </p><p>To learn more about the BEA Program, please visit <a href="http://www.cdfifund.gov/bea">www.cdfifund.gov/bea</a>.  </p><p><b>Related Materials</b></p><ul><li><p><a href="/Documents/BEA%20Interim%20Rule%20PRA%20FR%202016-18694.pdf" target="_blank">Federal Register Notice and Proposed Interim Rule</a></p></li></ul> 2016-08-10T04:00:00ZUpdates224

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