CFPB: Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act

Consumer Financial Protection Bureau Director Kathleen L. Kraninger today issued the following statement announcing that she has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military Lending Act (MLA). “The Bureau is committed to the financial well-being of America’s service members. This commitment includes […]

Federal Reserve: FRB Launches Article Series on Financial Conditions and Concerns of Consumers and Communities

The Federal Reserve Board on Wednesday announced Consumer & Community Context, an article series that features original analysis about the financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The goal of the series is to increase public understanding of the financial […]

ABA: America’s 2 Million Bankers Encouraged to Register for ABA Foundation’s 2019 Financial Education Initiatives

ABA Foundation programs call for banker volunteers to join growing, industry-wide efforts designed to help local communities The American Bankers Association Foundation today launched its 2019 financial education registration campaign, calling on banker volunteers from across the country to register for a range of successful, industry-wide programs designed to enhance […]

FEMA: Nearly $350 Million in Federal Grants and Loans Approved for California Wildfire Survivors

Over the two months since wildfires in two disparate regions of the state grew into deadly disasters of historic proportions, the Federal Emergency Management Agency (FEMA) and the U.S. Small Business Administration (SBA) have approved more than $347 million in grants and low-interest disaster loans to assist survivors in their […]

Joint Release: Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown

Joint press release with: Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown. While the […]

CFPB: Assessments of Ability-to-Repay and Mortgage Servicing Rule Published

The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule […]

FEMA: Hurricane Recovery Continues in Florida with More Than $835.4 Million in Federal Support

Three months after Hurricane Michael made landfall, communities continue recovery efforts with support from the State of Florida and federal agencies. More than $835.4 million in federal funds has been provided for homeowners, renters, businesses and flood insurance policyholders as of Jan. 9. The State of Florida and local communities […]

ABA: Bank Economists Forecast Moderating Economic Growth and Heightened Uncertainty

According to a new forecast released today from the Economic Advisory Committee of the American Bankers Association, the pace of growth will moderate through 2019 and 2020, reflecting fading policy support in the U.S. and a slowing global economy. The median forecast of 15 chief economists from major North American […]