Michelle W. Bowman Appointed to the Federal Reserve System’s Board of Governors

This Monday, Michelle W. Bowman was sworn in and took oath as a member of the Board of Governors of the Federal Reserve System. Bowman was nominated by President Donald Trump in April for an unexpired term as a Board member, and was confirmed by the Senate on November 15th, 2018.

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Facebook Invests $1 Million in Computer Science Program for Women & Minorities


Facebook has recently invested $1 million in CodePath.org, an organization that teaches computer science to women and minorities in universities across the nation. This investment is projected to help the organization quadruple the number of students accepted each semester in the program. Facebook hopes that this will help the underrepresentation of minority groups in computer science by giving minorities a chance to be more competitive candidates in the industry.

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NWBC Addresses Opportunities and Challenges for Millennial Women Entrepreneurs


The National Women’s Business Council (NWBC) has released a new report profiling millennial women entrepreneurs, and the opportunities and challenges they face. The profile includes informative qualitative and quantitative data and research focus groups for a comprehensive look at how the millennial generation, those born between 1982 and 2000, view entrepreneurship and how obstacles such as student debt inhibit millennial women from pursuing running their own businesses.

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British Columbia Government Funds $231 Million for Indigenous Housing


The government of British Columbia recently announced that it will be funding $231 million to help build new homes for 26 indigenous communities across its province, including the Upper Nicola Band. The funds will be provided by the province’s Building BC: Indigenous Housing Fund, and will be used to build 1,143 affordable homes both on and off reserve.

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NAWRB Wishes You a Happy Thanksgiving!

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NAWRB wishes you and your family a wonderful Thanksgiving Day this Thursday, November 22nd. Arguably the most tastiest holiday, Thanksgiving is a national holiday that began as a celebration of the year’s harvest and was first celebrated by Pilgrims after their first harvest in the New World in 1621. Today, Thanksgiving is a day spent with loved ones as we enjoy delicious food together and give gratitude for the many blessings in our lives.

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FDIC Proposal Exempts Residential Real Estate Transactions of $400,000 or Less from Appraisal


On November 20th, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking that will raise the threshold for residential real estate transactions that require an appraisal to $400,000, from the current level of $250,000. This proposal is a response to concerns that the current threshold is not reflective of price appreciation and creates unnecessary time and cost burdens for residential real estate transactions. Comments on this proposal will be accepted for 60 days in the Federal Register.

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California Wildfires: Eligibility for SBA Disaster Loans and Disaster Recovery Centers

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While we still await updates, these California fires are being named the deadliest in the state’s history. At time of writing, the number of deaths from the Camp Fire in Northern California has risen to 77 while over 900 people remain missing. According to recent updates by Cal Fire, the Camp Fire has burned approximately 151,000 acres, causing over 40,000 residents to abandon their homes and find safety.

The Woosley Fire has burned more than 96,000 acres and numerous homes, and the Hill Fire in Ventura County has burned over 4,000 acres, including RVs and outbuildings. While the Hill Fire is fully contained, the Camp Fire is 66 percent contained and the Woolsey Fire is 94 percent contained. No matter how close your home or business is to wildland areas, it’s always best to be prepared in case of emergency evacuation, prepare your home to mitigate potential for damage, and have knowledge of your local and national recovery resources.

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FDIC Issues Request for Information on Small-Dollar Lending Products


The Federal Deposit Insurance Corporation has recently requested comments from individuals and parties interested on issues regarding small-dollar lending and ways to improve small-dollar credit offerings that not only meet customers’ needs and are economically viable but are also underwritten and structured responsibly. Comments for the request for information (RFI) are due no later than 60 days past date of publication, November 14, 2018.

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Creative Solutions for Giving Every Veteran a Home


In honor of Veterans Day, November 11th, a national holiday that recognizes all the men and women who have risked their lives to serve the United States during war times, the National Equity Fund (NEF) directs our attention to the progress that is being made to provide housing for the nation’s homeless veterans.

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