Agencies Issue Joint Statement on Crypto-Asset Risks to Banking Organizations
Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies’ approaches to supervision in this area. In particular, the statement describes several key risks associated with crypto-assets and the crypto-asset sector, as demonstrated by the significant volatility and vulnerabilities over…
CFPB: New Report Issued on Complaints Regarding TransUnion, Experian, and Equifax
Analysis of nearly half a million complaints reveals ongoing challenges Today, the Consumer Financial Protection Bureau (CFPB) released an annual report that details improvements and deficiencies in the nationwide consumer reporting companies’ responses to consumer complaints transmitted by the CFPB. Today’s report includes considerations for the nationwide consumer reporting companies to improve compliance with consumer financial protection…
FEMA: President Biden Signs Major Declaration for the Havasupai Tribe
FEMA announced federal emergency aid has been made available to the Havasupai Tribe to supplement Tribal response and recovery efforts in areas affected by flooding from Oct. 1-2, 2022. The President’s action makes federal funding available to Tribal and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair or replacement…
FEMA: 2022 National Preparedness Report Underscores Continued Threat of Climate Change
FEMA released the 2022 National Preparedness Report today, revealing the impacts that climate change and associated natural disasters continue to have on emergency management capabilities and communities across the country. This year’s report presents preparedness data through the lens of risks and capabilities and underscores the challenges that emergency managers face in addressing a continuously expanding risk…
Census Bureau: Nation’s Urban and Rural Population Shift Following 2020 Census
The nation’s urban population increased by 6.4% between 2010 and 2020 based on 2020 Census data and a change in the way urban areas are defined, according to the new list of urban areas released today by the U.S. Census Bureau. Despite the increase in the urban population, urban areas, defined as densely developed residential, commercial, and…
FEMA: President Biden Approves Emergency Declaration for New York
FEMA announced today that federal disaster assistance has been made available to the state of New York to supplement state and local response efforts due to emergency conditions resulting from a severe winter storm beginning Dec. 23 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused…
FHFA: House Price Index Unchanged in October; Up 9.8 Percent from Last Year
House prices were flat nationwide in October, experiencing a 0.0 percent change from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 9.8 percent from October 2021 to October 2022. The previously reported 0.1 percent price increase in September 2022 remained unchanged. For the nine census divisions, seasonally adjusted…
FEMA: 51 Additional Florida Counties Eligible for FEMA Public Assistance
Fifty-one Florida counties are now eligible for FEMA Public Assistance for repair or replacement of public facilities damaged by Hurricane Nicole. The counties are Alachua, Baker, Bradford, Broward, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion,…
HUD: 2022 Year in Review
This year, Secretary Marcia L. Fudge led the U.S. Department of Housing and Urban Development (HUD) to bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities, including easing the burden of housing costs, removing barriers to homeownership, expanding…
HUD: Over $9 Million Awarded to Public Housing Agencies for Jobs Plus Program
Awards will help bridge the wealth gap by connecting residents of public housing to employment and education The U.S. Department of Housing and Urban Development (HUD) today awarded over $9 million to 4 Public Housing Agencies (PHAs) to help families increase their earned income and improve their economic mobility through the Jobs Plus program. Jobs…