October 4: 5 Things You Need to Know this Week

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October 4: 5 Things You Need to Know this Week

October 4, 2021

Photo of the Week: Thank you for joining us in San Antonio last week for the 2021 Fall Finance and Tribal Economies Conference! We are grateful for the opportunity to bring our community safely back together.



1. POLICY: EDA UPDATES REGULATIONS TO MAKE GRANTS MORE ACCESSIBLE TO NATIVE AMERICAN COMMUNITIES
The Economic Development Administration (EDA), which helps facilitate regional economic growth in communities across the country, announced today that it has updated its regulations to create greater opportunities for Native American Communities to participate in its grant programs. The new rule, published last week in the Federal Register, extends EDA Tribal eligibility to include for-profit entities that are wholly owned by and established for the benefit of a Tribe. This action follows a government-to-government consultation in April between EDA and representatives of Native American Communities, who were broadly supportive of the eligibility expansion. It is a result of EDA’s ongoing efforts to meet the needs of our Tribal communities and to increase their participation. Read more at www.eda.gov.

2. FOR FAMILIES: ADVANCE CHILD TAX CREDIT VIDEO SERIES
The IRS YouTube channel contains a video series on Advance Child Tax Credit that addresses information on eligibility, how to receive the payments and how to avoid tax scams related to the Child Tax Credit.

Advance CTC video series on YouTube: What Are Advance Child Tax Credit Payments? What Do I Need to Do to Receive Advance Child Tax Credit Payments? When Will the IRS Issue Advance Child Tax Credit Payments? Who Is Eligible for Advance Child Tax Credit Payments? Will Advance Child Tax Credit Payments Affect Any Government Benefits Someone Is Receiving? Here's Who Will Get Advance Payments of the Child Tax Credit  (Spanish) Don’t Fall for Tax Scams About the Child Tax Credit

3. MORE POLICY: CONSUMER FINANCIAL PROTECTION BUREAU ANNOUNCES NEW ADVISORY COMMITTEE MEMBERS
CFPB Acting Director Dave Uejio recently announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These committee members will advise Bureau leadership on a broad range of consumer financial issues and emerging market trends. The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a CAB to advise and consult with the Bureau’s Director on a variety of consumer financial issues. The Bureau also created three councils: the CBAC, CUAC, and ARC. The CBAC and CUAC advise and consult with the Bureau on consumer financial issues related to community banks and credit unions. The ARC advises the Bureau on its strategic research planning process and research agenda and provides feedback on research methodologies, data collection strategies, and methods of analysis, including methodologies and strategies for quantifying the costs and benefits of regulatory actions. The committee members include experts in consumer protection, financial services, consumer lending, economic justice, and consumer financial products and services as well as representatives of community banks and credit unions. Advisory committee membership reflects the expertise across the range of issues under the Bureau’s jurisdiction. Committee members serve two-year terms.

4. COMMUNITY NEWS: HELP CORRECT THE OLYMPIC RECORDS & RETURN JIM THORPE'S WINS
101 years ago this week, Jim Thorpe helped form the "American Professional Football Association" & was elected its first president. Two years later the league was renamed the National Football League & the title of president changed to "commissioner." Jim’s legacy on American sports is unmatched! Show your Bright Path Strong pride with our selection of limited edition, gender-inclusive Bright Path Strong swag, including Jim Thorpe hats, t-shirts and hoodies in sizes S - 4XL, and more. Proceeds from each Jim Thorpe Signature Shield T-Shirt will bring additional signers to the petition to reinstate Jim's Olympic championship.

5. JOBS: SISSETON WAHPETON OYATE IS SEEKING CHIEF FINANCIAL OFFICER
Under  supervision  of the  SWO Vice-Chairman/Chairwoman,  the  Chief  Financial  Officer  is responsible for direction, management, and leadership of the administrative, financial planning, and accounting efforts of the SWO organization. CPA required; Bachelor's degree (or higher) in accounting or business administration and 5 years actual experience directly related to the duties and responsibilities specified; or Bachelor's degree in a related field with 7 to 10 years' experience directly related to the duties and responsibilities specified. For more information, visit www.nafoa.org/jobs.

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