Presidency of Joe Biden

The National Association of Mortgage Brokers Encourages the FHA to Modify Its Life-Of-Loan Premium Policy

Retrieved on: 
Monday, November 20, 2023

WASHINGTON , Nov. 20, 2023 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers for 50-years, encourages the FHA and Biden Administration to end its Life-of-Loan Premium Policy.

Key Points: 
  • WASHINGTON , Nov. 20, 2023 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers ( NAMB ), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers for 50-years, encourages the FHA and Biden Administration to end its Life-of-Loan Premium Policy.
  • "Immediately ending the FHA life-of-loan premium policy is an urgent matter which elected officials in Washington D.C. should address promptly to bring relief to borrowers across the United States," said Valerie Saunders, NAMB President.
  • "FHA policy should be aligned with similar policies adhered to by the GSEs.
  • The National Association of Mortgage Brokers has been the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973.

"HUGE" PROGRESS TAKING PLACE IN THE NORTHERN TRIANGLE COUNTRIES OF CENTRAL AMERICA AS IT BECOMES A DYNAMIC PLATFORM FOR NEARSHORING

Retrieved on: 
Monday, October 23, 2023

The discussion included partnerships with development banks to further enhance the relationship of the Central American Northern Triangle private sector with key players in the USA.

Key Points: 
  • The discussion included partnerships with development banks to further enhance the relationship of the Central American Northern Triangle private sector with key players in the USA.
  • "I want to commend the ThinkHUGE team for the invaluable work you are doing to address the main challenges facing Central America.
  • "Today, the people in the Northern Triangle countries of Central America want more security and a job to feed their families.
  • A win for the workers of the Northern Triangle countries, who would rather be with their families at home.

SBA Data Show Major Increase in Loans to Latino-Owned Businesses under Biden-Harris Administration

Retrieved on: 
Monday, September 25, 2023

“We are seeing a small business boom and the fastest creation rate of Latino-owned businesses in over a decade.

Key Points: 
  • “We are seeing a small business boom and the fastest creation rate of Latino-owned businesses in over a decade.
  • “The U.S. Small Business Administration’s new benchmark loan numbers show a strong uptick in lending to Latino small business owners.
  • While there is a long way to go to fully ensure equal opportunity for all Latino small businesses, the SBA and Biden Administration initiatives have allowed more Latino small business owners across America to access much-needed capital.
  • Total loan dollars ($2.8 billion) and overall share of SBA-approved loans (12.2%) to Latino-owned businesses are both up more than 1.5X since the start of the Biden-Harris Administration.

NCLA Asks U.S. Supreme Court Not to Stay Injunction Against Government Social Media Censorship

Retrieved on: 
Wednesday, September 20, 2023

Surgeon General’s office from pressuring social media platforms to censor constitutionally protected speech.

Key Points: 
  • Surgeon General’s office from pressuring social media platforms to censor constitutionally protected speech.
  • On September 8, a Fifth Circuit panel upheld the most significant components of U.S. District Judge Terry Doughty’s preliminary injunction prohibiting the aforementioned officials from pressuring, coercing, or significantly encouraging social media companies to suppress constitutionally protected speech.
  • The government has failed to present a single convincing argument for staying the injunction any further.
  • The Supreme Court is unlikely to reverse the Fifth Circuit’s injunction against such abridgment of the First Amendment.

OTC Hearing Aids Ceretone Bags over $300,000 on Indiegogo, Prepares for Official Sale

Retrieved on: 
Tuesday, August 29, 2023

The world's smallest and virtually invisible OTC hearing aid has garnered an impressive $300,000 from 1,245 backers across the globe, positioning itself among the top three campaigns in the hearing aids category on the platform.

Key Points: 
  • The world's smallest and virtually invisible OTC hearing aid has garnered an impressive $300,000 from 1,245 backers across the globe, positioning itself among the top three campaigns in the hearing aids category on the platform.
  • The Core One's successful launch on Indiegogo has just demonstrated the strong demand for high-quality and affordable hearing aids that can be easily obtained by consumers directly.
  • Designed with cutting-edge technology and user-centric features, this OTC hearing aids empower individuals with mild to moderate hearing loss to regain control over their auditory experiences without the need for costly professional intervention.
  • The Core One hearing aid is a completely-in-canal (CIC) device, which is much smaller and less noticeable than the traditional bulky behind-the-ear (BTE) hearing aids.

The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million

Retrieved on: 
Monday, August 14, 2023

Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.

Key Points: 
  • Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.
  • Exploration evaluation expenses during the quarter ended June 30, 2023 were $8.1 million compared to $10.2 million for the quarter ended June 30, 2022.
  • General and administrative expenses were $5.1 million for the quarter ended June 30, 2023 compared to $8.1 million for the quarter ended June 30, 2022.
  • ET to provide an update on recent corporate developments, first quarter financial results and upcoming milestones.

Biden-Harris Administration Announces Competition Winners for The Minority Business Development Agency’s Capital Readiness Program

Retrieved on: 
Friday, August 4, 2023

The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses.

Key Points: 
  • The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses.
  • “The Capital Readiness Program marks the largest investment to support underserved entrepreneurs and businesses in Commerce Department history,” said U.S. Secretary of Commerce Gina Raimondo.
  • The Capital Readiness Program awardees will join MBDA’s National Network of 88 business centers and other projects that provide technical assistance and business support services to minority business enterprises.
  • “The purpose of the Capital Readiness Program is to provide every American entrepreneur an equitable shot at building a successful business,” said Donald R. Cravins, Jr., Under Secretary of Commerce for Minority Business Development.

Plug Power and 32 Signatories Submit Letter to Biden Administration on Section 45V Clean Hydrogen Production Tax Credit Implementation

Retrieved on: 
Tuesday, July 25, 2023

That is why today Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, the U.S. Chamber of Commerce, and 31 other organizations submitted a letter to Biden Administration officials addressing Section 45V Clean Hydrogen Production Tax Credit (PTC) implementation.

Key Points: 
  • That is why today Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, the U.S. Chamber of Commerce, and 31 other organizations submitted a letter to Biden Administration officials addressing Section 45V Clean Hydrogen Production Tax Credit (PTC) implementation.
  • The letter underscores the Clean Hydrogen PTC’s importance in driving energy security, job creation, and decarbonization of the most difficult-to-abate sectors.
  • In addition, Plug has developed a technical and policy impact analysis , “The Road to Clean Hydrogen: Getting the Rules Right,” about PTC implementation.
  • Well-established organizations and companies with decades of experience in clean energy implementation signed the letter encouraging the Administration to advance pragmatic, forward-looking guidance for the Section 45V Clean Hydrogen PTC.

FinRegLab Identifies Urgent Needs in Preparing for Federal Student Loan Payment Resumption

Retrieved on: 
Wednesday, May 10, 2023

WASHINGTON, May 10, 2023 /PRNewswire-PRWeb/ -- FinRegLab today issued a research brief entitled ‒The Countdown Clock for Student Loan Forbearances– that highlights the need for quick action by consumers, federal agencies, servicers, and counselors to prepare for the August 2023 end of pandemic-era forbearances on federal student loans.

Key Points: 
  • The research brief outlines the urgent financial situation facing student loan borrowers.
  • While payment requirements and interest accrual on federal student loans have been suspended since March 2020, they are set to resume this fall.
  • That deadline has been overshadowed by court challenges to a Biden Administration program that would eliminate federal student loan debt for an estimated 20 million consumers.
  • Federal budget constraints are affecting call center resources, which increases the importance of educating student loan borrowers to take early action.

RA Capital Urges Swift Federal Response to SVB Crisis

Retrieved on: 
Sunday, March 12, 2023

Doing so will prevent SVB's failure, which has impacted thousands of entrepreneurial companies, from further spiraling into a national banking crisis.

Key Points: 
  • Doing so will prevent SVB's failure, which has impacted thousands of entrepreneurial companies, from further spiraling into a national banking crisis.
  • While RA Capital does not have an account with SVB, some of its portfolio companies do.
  • Among the funds frozen with SVB are grants awarded under the Inflation Reduction Act and other federal programs, which likely number in the billions.
  • Backstopping SVB's deposits or brokering a rapid sale of SVB to a bank with a strong balance sheet could avert a crisis.