HUD: New Resources Announced for Advancing Housing Protections for Survivors of Domestic Violence, Dating Violence, Sexual Assault and Stalking
New Website, Technical Assistance and Enforcement Guidance Strengthen Protections for Survivors Applying for and Living in HUD-Assisted Properties Today, the U.S. Department of Housing and Urban Development (HUD) announced new resources to advance housing protections for survivors of domestic violence, dating violence, sexual assault, and stalking under the Violence Against Women Act (VAWA). These resources…
SBA: Informational Webinars Announced for 2023 Growth Accelerator Fund Competition
Agency to Host Virtual Informational Events for Qualified Applicants February 6-9. Today, the U.S. Small Business Administration announced virtual events will be held for applicants for its seventh Growth Accelerator Fund Competition (GAFC). The GAFC will offer $13 million in prizes awarded in 2023 and 2024 aimed at expanding growth accelerators and creating innovative partnerships with…
SBA: Disaster Enterprise Transformed to Strengthen Support for Disaster-Impacted Communities
The Reimagined Office of Disaster Recovery & Resilience Will Position SBA to Support the Biden-Harris Whole-of-Government Climate Change Response Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the second stage of the Agency’s realignment and strengthening of its disaster…
CFPB: Rule Proposed to Rein in Excessive Credit Card Late Fees
Proposed rule seeks to close loophole exploited by companies to hike fees with inflation Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late fees that cost American families about $12 billion each year. Major credit card issuers continue to profit off late fees that are protected by an…
CDFI Fund: Application Demand for Equitable Recovery Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2022 round of its CDFI Equitable Recovery Program (CDFI ERP). The CDFI ERP is a new program created through the Consolidated Appropriations Act, 2021 (Pub. L. 116-260) that is intended to respond…
Census Bureau: 2022 Economic Census of Businesses Underway
Today the U.S. Census Bureau announced the beginning of data collection for the 2022 Economic Census. Businesses across the nation will begin receiving invitations to respond online to the economic census and will have until March 15 to submit their responses. The economic census is the U.S. government’s official 5-year measure of American businesses and…
HUD: Community Compass Technical Assistance and Capacity-Building Program Seeking Technical Assistance Providers
Today, the U.S. Department of Housing and Urban Development (HUD) is announcing the availability of at least $80,681,000 for the Community Compass TA Program and capacity-building activities for HUD’s customers. This program is focused on solving complex housing and community development challenges by equipping HUD customers with the knowledge, skills, tools, and systems to implement…
FHFA: House Price Index Down 0.1 Percent in November 2022; Up 8.2 Percent from Last Year
House prices fell 0.1 percent nationwide in November compared to October, according to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®). House prices rose 8.2 percent from November 2021 to November 2022. The previously reported 0.0 percent price decline in October 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from…
Federal Reserve: Changes to HMDA Loan Volume Reporting Threshold for Closed-End Mortgage Loans
This letter addresses the impact on financial institutions supervised by the Federal Reserve of recent changes as a result of litigation related to the HMDA reporting threshold for closed-end mortgage loans. Background In May 2020, the Consumer Financial Protection Bureau (CFPB) published a final rule amending Regulation C (Home Mortgage Disclosure) to, among other things,…