U.S. Department of the Treasury Announces First State Small Business Credit Initiative Awards to Support Underserved Entrepreneurs and Small Business Growth in Key Industries | site |
Information contained in U.S. Department of the Treasury press release dated: May 19, 2022
Washington - - Today, the U.S. Department of the Treasury announced the first group of plans approved under the new round of the State Small Business Credit Initiative (SSBCI). The American Rescue Plan reauthorized and expanded SSBCI, which was originally established in 2010 and was highly successful in increasing access to capital for traditionally underserved small businesses and entrepreneurs. The new SSBCI builds on this successful model by providing nearly $10 billion to states, the District of Columbia, territories, and Tribal governments to increase access to capital and promote entrepreneurship, especially in traditionally underserved communities...
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Federal Communications Commission Announces Third Public Hearing on Broadband Consumer Labels | site |
Information published in Federal Communications Commission (FCC) release dated: May 19, 2022
The FCC today announced the third of a series of virtual public hearings as part of its broadband consumer labels rulemaking proceeding. The hearing will take place May 25, 2022, at 1:30 p.m. ET and will be streamed free to the public at fcc.gov/live .
To view the Public Notice may be viewed at https://docs.fcc.gov/public/attachments/DA-22-556A1.pdf or press HERE
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Federal Reserve Board finalizes Rule that governs Funds Transfers over the Federal Reserve Banks' FedNow Service | site |
Information contained in Board of Governors of the Federal Reserve System press release dated: May 19, 2022 The Federal Reserve Board on Thursday finalized a rule that governs funds transfers over the Federal Reserve Banks' FedNow℠ Service. The final rule is substantially similar to the proposal from last year, with a few clarifications in response to comments. The FedNow Service is a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States and is expected to be available in 2023. The final rule provides a comprehensive set of rules governing funds transfers over the FedNow Service and provides legal certainty and clarity on the rights and obligations of parties to a transfer over the FedNow Service. ...05-23-2022, 05:15 PM -
05-23-2022, 12:41 PM -