CFPB: Rule Proposed to Limit Bank Overdraft Fees by Applying Truth in Lending Requirements
Rule would require nation’s largest banks to apply longstanding consumer protections, including interest rate disclosures, to overdraft loans The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions. The proposal would close an outdated loophole that exempts overdraft lending services from longstanding provisions of…
CDFI Fund: Webinar Scheduled on CDFI Certification Changes to the Annual Certification and Data Collection Report and Transaction Level Report with Supplemental Guidance
The Community Development Financial Institutions Fund (CDFI Fund) will conduct a live webinar to walk organizations through the requirements of the revised Annual Certification and Data Collection Report (ACR) and Transaction Level Report (TLR) as part of the CDFI Fund’s revised Certification Application and policies. The webinar will not address questions on the revised CDFI…
FEMA: President Biden Approves Emergency Declaration for Connecticut
FEMA announced today that federal disaster assistance has been made available to the state of Connecticut to supplement response efforts due to emergency conditions resulting from severe storms, flooding and a potential dam breach beginning Jan. 10 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering…
HUD: 2023 Secretary’s Award Winner for Excellence in Healthy Homes Announced
Awardee’s efforts in Wisconsin homes focus on reducing lead paint hazards and enhancing asthma education, ensuring a healthier environment for children. Today, the U.S. Department of Housing and Urban Development (HUD) announced Wisconsin’s Healthy Housing Initiatives Portfolio (WHHIP) as the winner of the 2023 HUD Secretary’s Award for Excellence in Healthy Homes. Healthy housing is the…
ABA: Foundation Opens Instagram Voting for National “Lights, Camera, Save!” Teen Video Contest
Cast your vote on ABA’s Instagram page beginning January 16 The American Bankers Association Foundation today kicks off its Lights, Camera, Save! social media contest via ABA’s Instagram page to allow people to vote for their favorite video entry submitted by teens from across the country. Lights, Camera, Save!, now in its 13th year, is a national…
HUD: Public Health Commitment Strengthened with New Radon Policy and $3 Million in Grants for Testing and Mitigation
Departmental policy mandates radon consideration in environmental reviews; grants aimed at safeguarding public housing residents from the second-leading cause of lung cancer. The U.S. Department of Housing and Urban Development (HUD) announced today the publication of its Departmental Policy for addressing Radon in the Environmental Review Process. With this policy, HUD increases its commitment to radon…
HUD: Proposed Rule Published to Promote Economic Development in Underserved Communities
The Notice of Proposed Rulemaking for HUD’s Community Development Block Grant (CDBG) and Indian Community Development Block Grant Programs (ICDBG) would bolster economic and community development in underserved communities across the country. The U.S. Department of Housing and Urban Development (HUD) published a Notice of Proposed Rulemaking in the Federal Register to update regulations for…
CFPB: New Guidance Addresses Inaccurate Background Check Reports and Sloppy Credit File Sharing Practices
False, incomplete, and old information must not appear in background check reports, and a person’s complete consumer file must be provided to them upon request Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccurate background check reports, as well as sloppy credit file sharing practices. The two advisory…
Federal Bank Regulatory Agencies Release Webinar on New CRA Regulations
The federal bank regulatory agencies today jointly issued a pre-recorded webinar on the interagency final rule to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). The nearly one-hour video provides an overview of the new CRA rule issued on October 24, 2023, and its objectives. Additional topics in the recording include assessment areas, community development, evaluation…
Census Bureau: Household Pulse Survey Phase 4.0 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 4.0 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for phase 4.0 include employment status,…