ABA: Credit Market Conditions Expected to Weaken in Months Ahead Amid High Inflation
While the consumer and business credit markets remain on generally solid footing, bank economists expect credit conditions to weaken over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
FHFA: Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) today announced the release of Fannie Mae’s and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2022-2024. These plans are designed to complement the initiatives outlined in FHFA’s Strategic Plan: Fiscal Years 2022–2026 that promote the Enterprises’ safety and soundness and foster housing finance markets that provide equitable access to…
CFPB: Order Issued to Terminate Upstart Network from List of Approved No-Action Letters
Upstart requested termination of 2020 “no-action letter” to change its underwriting and pricing models Today, the Consumer Financial Protection Bureau (CFPB) issued an order to terminate Upstart Network from its list of approved “no-action letters.” The CFPB had granted special regulatory treatment to Upstart by immunizing the lender from being charged with fair lending law…
HUD: Awards Funding Provided to Fight Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) today awarded $125,000 to support fair housing organizations working to help end housing discrimination. These funds are provided through the Department’s Fair Housing Initiatives Program (FHIP) both to help people who believe they have been victims of housing discrimination and to educate housing providers about fair housing…
HUD: New Online Housing Counseling Locator Tool Released
New online and telephonic technology provides more information and easier access for consumers seeking assistance from HUD-approved housing counseling agencies and national intermediary organizations. The U.S. Department of Housing and Urban Development (HUD) announced on Tuesday the implementation of new technology providing expanded information for those seeking assistance from a HUD-approved housing counseling agency. The…
EDA: $3.4 Million Invested to Support Diversified Business and Job Growth in Georgetown, SC
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to Georgetown, South Carolina, for water treatment plant upgrades needed to stimulate business and job growth. This project will provide the modern infrastructure needed to support local business needs and attract new, diversified…
EDA: $787,620 Invested to Boost Workforce Training Programs in Eastern Iowa
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $787,620 grant to Eastern Iowa Community Colleges (EICC), Davenport, Iowa, to procure equipment needed to support Welding and Computer Numerical Control (CNC) career technologies programs. This grant will expand and enhance the programs offered at EICC’s Regional Career Academy campuses in Clinton…
EDA: $3.2 Million Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Southern Kentucky
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.2 million grant to Purchase Area Development District (Purchase ADD), Mayfield, Kentucky, to capitalize and administer a revolving loan fund to serve businesses in Graves, Ballard, Calloway, Carlisle, Fulton, Hickman, McCracken and Marshall counties. This investment…
Census Bureau: Enhacements to the Census Address Geocoding Tool Now Available
The U.S. Census Bureau released the newly designed cloud-based Census Geocoder web application that allows for faster and more efficient processing times. This redesign features a more stable environment with scalable and quicker returns, and an enhanced user experience on desktops, tablets and mobile devices. The Census Geocoder is an address lookup tool that allows businesses, governments…
FHFA: Inaugural Mission Report for 2021 Issued on Economic Development and Affordable Housing Efforts
Inaugural report highlights regulated entities’ progress in supporting greater access to financing for targeted economic development and affordable, sustainable, and equitable housing The Federal Housing Finance Agency (FHFA) today released its inaugural Mission Report that describes the activities of Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2021…