FHFA: FY 2022 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2022. For the fourteenth consecutive year, FHFA received an unmodified audit opinion on its…
CFPB: New Report Highlights Problems with Tenant Background Checks
Errors and false information in tenant background checks raise costs and barriers to quality rental housing Today, the Consumer Financial Protection Bureau (CFPB) issued two reports on the tenant background check industry. The reports describe how errors in these background checks contribute to higher costs and barriers to quality rental housing. Too often, these background…
FEMA: President Biden Approves Emergency Declaration for the Seminole Tribe of Florida
FEMA announced that federal emergency aid has been made available to the Seminole Tribe of Florida to supplement the Tribe’s response efforts due to the emergency conditions resulting from Tropical Storm Nicole, beginning Nov. 7 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating the hardship and suffering caused by the emergency on the…
Census Bureau: New Data Released on Minority-Owned, Veteran-Owned, and Women-Owned Businesses
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2021 Annual Business Survey (ABS), which covers reference year 2020, approximately 1.15 million or 19.9% of employer businesses in 2020 were minority-owned; 320,864 (5.6%) were veteran-owned; and around 1.24 million (21.4%) were owned by women. This release also includes demographic data by…
FHFA: 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) announced today that the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $75 billion for each Enterprise, for a combined total of $150 billion to support the multifamily market. The 2023 caps reflect an anticipated contraction of the multifamily originations market in…
CFPB: New Bulletin Published Analyzing Rise in Crypto-Asset Complaints
“Pig butchering” and other scams lead list of crypto-asset complaints Today, the Consumer Financial Protection Bureau (CFPB) released a new complaint bulletin that highlights complaints the CFPB received related to crypto-assets. Consumers most commonly reported being victimized by frauds, theft, account hacks, and scams. Consumers also had issues with executing transactions and transferring assets between exchanges. Many…
CFPB: New Guidance Issued to Address Investigation Practices by Consumer Reporting Agencies
When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment Today, the Consumer Financial Protection Bureau (CFPB) issued a circular to affirm that neither consumer reporting companies nor information furnishers can skirt dispute investigation requirements. The circular outlines how federal…
ABA: National Survey Finds 99% of Consumers Give High Marks to their Bank’s Online and Mobile Experience for Third Consecutive Year
Ninety-nine percent of consumers rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,”—once again tying the record mark set two years ago—according to a national survey conducted by Morning Consult on behalf of the American Bankers Association. When considering the growth of digital and online tools as well as traditional…
FEMA: President Biden Approves Emergency Declaration for Florida
FEMA announced that federal emergency aid has been made available to the state of Florida to supplement state, tribal and local response efforts to the emergency conditions in the area affected by Tropical Storm Nicole, beginning Nov. 7 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose…