Licensee Highlighted Resources
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- Directo a México
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On August 2, 2011, Governor Jerry Brown signed ABX1 14 (Skinner) into law. ABX1 14 authorizes the CAEATFA to administer a Clean Energy Upgrade Program (Program) using up to $50 million from the funds originally appropriated to the SB 77 PACE Bond Reserve Program. Under this Program, the CAEATFA may provide financial assistance in the forms of credit enhancements to financial institutions providing a loan to finance the installation of distributed generation renewable energy sources, electric vehicle charging infrastructure, or energy or water efficiency improvements on homes or small commercial properties. CAEATFA anticipated establishing a loan loss reserve program to support these loans. CAEATFA also anticipates it will solicit proposals from interested parties who have ideas on additional credit enhancement structures the program should consider to support energy efficiency and renewable energy loans.
- CAEATFA Financial Institutions Stakeholder Workshops
CAEATFA will host public workshops for local government and financial institutions to solicit input on the Program regulations and credit enhancement structures from stakeholders and interested parties. The Financial Institutions Stakeholder Meeting will be conducted on December 2, 2011: RSVP to attend meeting, view a draft agenda, and see information on previous Workshops. You may sign up for CAEATFA email updates. For additional information, please contact Martha Alvarez at (916) 651-5105.
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Enacted into law as part of the Small Business Jobs Act of 2010 (the Jobs Act), the Small Business Lending Fund (SBLF) is a $30 billion fund that encourages lending to small businesses by providing Tier 1 capital to qualified community banks with assets of less than $10 billion. Through the SBLF, Main Street banks and small businesses can work together to help create jobs and promote economic growth in local communities across the nation.
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The FDIC’s new Chairman’s Award for Excellence recognizes and honors the work of individuals or small groups at FDIC-insured financial institutions who are instrumental in creating and promoting programs that meet the credit and deposit needs of low- and moderate-income (LMI) consumers. Please visit the following Web site to view the nomination criteria and application information: http://www.fdic.gov/about/comein/lmiaward.html. The nomination deadline is March 31, 2011.
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Federal agencies issued final rules requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act).
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The Federal Reserve has been working to respond to the foreclosure crisis, leveraging its research, community affairs, and supervision and regulation functions to support innovative foreclosure prevention and neighborhood stabilization strategies at the local level.
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The State Controllers Office (SCO) has requested that DFI assist them with notifying business and financial institutions of various changes concerning California’s Unclaimed Property Program by forwarding the following information to DFI licensees and others that hold unclaimed property.
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To help consumers, bankers and others understand how the new law affects deposit insurance coverage and to help consumers verify whether their deposit accounts are fully protected, the FDIC provides the following resources: Information on deposit insurance on the FDIC Web site: Updated brochures on deposit insurance coverage (including the basic guide, Deposit Insurance Summary, and the more comprehensive guide, Your Insured Deposits) and a new version of the "Electronic Deposit Insurance Estimator" (EDIE), an interactive service that allows consumers to quickly and easily check whether their accounts are fully protected, are now available on the FDIC's Web site (www.fdic.gov). A toll-free consumer assistance line: Help and information about deposit insurance and other matters of interest to bank customers are available at 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday from 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.
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The FDIC has issued the attached report to summarize the final results of the FDIC's Small Dollar Loan Pilot Program, and outline lessons learned and potential strategies for expanding the availability of affordable small-dollar loans. The pilot was a two-year case study designed to illustrate the feasibility of banks offering alternatives to high-cost credit products, such as payday loans and fee-based overdraft programs. The pilot, which was completed in the fourth quarter of 2009, resulted in the creation of a template for safe, affordable and feasible small-dollar loans. The full text of the report can be found at http://www.fdic.gov/bank/analytical/quarterly/2010_vol4_2/FDIC_Quarterly_Vol4No2_SmallDollar.pdf. The Safe, Affordable, and Feasible Template for Small-Dollar Loans can be found at http://www.fdic.gov/smalldollarloans/
