HUD: Disaster Assistance Announced for Kansas Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for Kansas and ordered Federal assistance to supplement state, tribal, and local recovery efforts in the areas affected by a severe winter storm from January 8 to January 16, 2024. President Biden issued a major disaster declaration in the counties…
FHFA: Enterprise Reconsideration of Value Policies Announced
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) published new Reconsideration of Value (ROV) policies after months of collaboration with FHFA and the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration. A Reconsideration of Value is a request to an appraiser to re-assess the…
CFPB: New Report Higlights the Hidden Costs of Health Savings Accounts
Many HSAs suffer from low interest rate yields and junk fees to switch The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay. There were approximately 36 million health savings accounts in 2023 – holding more than $116 billion. These…
ABA: Foundation Accepting Submissions for 12th Annual Community Commitment Awards
Today, the American Bankers Association Foundation announced it is now accepting submissions for its 12th annual Community Commitment Awards. The Foundation is encouraging banks of all sizes to enter their most successful community initiatives for the awards, ABA’s highest honors for extraordinary community engagement. The CCAs recognize innovative, high-impact bank programs that improve the quality of…
FHFA: House Price Index Up 1.2 Percent in February 2024; Up 7.0 Percent from Last Year
U.S. house prices rose in February, up 1.2 percent from January, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 7.0 percent from February 2023 to February 2024. The previously reported 0.1 percent price decrease in January remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
EDA: $9.6 Million Invested for Water Infrastructure Improvements to Support Job Creation in Anderson County, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $9.6 million grant to Anderson County, South Carolina, to support job creation and private investment in the region. This grant will provide for water infrastructure improvements to support commercial and industrial businesses in Anderson County. This EDA investment…
EDA: $3.5 Million Invested for Infrastructure Improvements to Support Semiconductor Business Growth in Copperas Cove, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to the city of Copperas Cove, Texas, for water, sewage, and roadway infrastructure improvements. This grant will help develop industrial sites to support semiconductor business growth. This EDA investment will be matched with $875,000 in…
EDA: $2.3 Million Invested for Infrastructure Improvements to Support Clean Energy Business Growth in Gonzales, LA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to Ascension Parish Government in Gonzales, Louisiana, for roadway infrastructure improvements at the RiverPlex MegaPark. This grant will support clean energy business growth in the region. This EDA investment will be matched with $586,857 in…
CFPB: New Published Research Finds Higher Price Complexity Leads Consumers to Pay More
As part of junk fee initiative, study suggests that consumers pay more when prices are separated into multiple fees Today, the Consumer Financial Protection Bureau (CFPB) issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures. The report is based on experiments with multiple rounds of…
FEMA: President Biden Approves Disaster Declaration for Kansas
FEMA announced that federal disaster assistance is available for the state of Kansas to supplement recovery efforts in the areas affected by a severe winter storm from Jan. 8-16, 2024. Public assistance federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and…