CFPB: Agency Warns Against Deception in Contract Fine Print
Companies using illegal or unenforceable terms and conditions risk breaking the law The Consumer Financial Protection Bureau (CFPB) today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services. Companies use this fine print tactic to try to trick consumers into believing they have given…
HUD: $78 Million Made Available to Help Homeless Veterans Find Permanent Housing
Today, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) is making $78 million available in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to Public Housing Agencies (PHAs) across the country, for over 7,000 vouchers. Through this program, HUD and VA’s mission is to end homelessness by assisting…
CFPB: New Registry Created to Detect Corporate Repeat Offenders
Registry will help law enforcement identify recidivist companies and the individuals responsible for repeat offenses The Consumer Financial Protection Bureau (CFPB) today finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders. The registry will also help…
FEMA: President Biden Approves Major Disaster Declaration for Arkansas
FEMA announced that federal disaster assistance is available to the state of Arkansas to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding from May 24-27, 2024. The President’s action makes federal funding available to affected individuals in Benton, Boone and Marion counties. Assistance can include grants for temporary…
HUD: $44 Million Invested to Transform Residents’ Lives
HUD’s programs will be used to equip residents with the tools and resources they need to achieve financial stability, lower housing costs, and build generational wealth. The U.S. Department of Housing and Urban Development (HUD) today announced $44 million in Fiscal Year (FY) 2023 funding through the Family Self Sufficiency (FSS) Program and the Resident…
HUD: Disaster Assistance Announced for Nebraska Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Nebraska and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe winter storms, and straight-line winds from April 6 to April 7, 2024. President Biden issued a major disaster declaration…
HUD: Disaster Assistance Announced for Maine Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Maine and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe winter storms, from April 3 to April 5, 2024. President Biden issued a major disaster declaration in counties of…
FDIC: CRA Examination Schedules for Third and Fourth Quarters 2024 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2024 and fourth quarter 2024. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
Agencies Issue Host State Loan-to-Deposit Ratios
Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios that are used to evaluate compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act. Each respective host state loan-to-deposit ratio shows the ratio of total loans in a state to total deposits in the state for all banks that have that state…