Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
White House and HUD release opportunity zone plan
Yesterday, the White House Opportunity and Revitalization Council released its Implementation Plan, outlining to the President a detailed work plan for how the Council, chaired by HUD Secretary Carson, will accomplish the goals specified in Executive Order 13583 of December 12, 2018.. The Implementation Plan explains the various subcommittees of the Council, and describes the strategy to implement administrative reforms and initiatives that will target, streamline, coordinate, and optimize federal resources in economically distressed communities, including Opportunity Zones.