Census Bureau: Small Business Pulse Survey Phase 4 Weekly Data Released
The U.S. Census Bureau today released new data from the fourth phase of the Small Business Pulse Survey (SBPS). Data collection began Feb. 15. Results will be released weekly Feb. 25 to April 22. The SBPS includes questions on topics such as location closings, changes in employment, disruptions in the supply chain, the use of federal assistance initiatives such…
HUD: Commemorating National Fair Housing Month 2021
The U.S. Department of Housing and Urban Development (HUD) today kicked off Fair Housing Month 2021. This year’s Fair Housing Month theme, Fair Housing: More Than Just Words, reflects the Biden-Harris Administration’s commitment to advancing equity in housing and the importance of increasing public awareness of everyone’s right to fair housing. “Fair Housing Month is a…
OCC: April is National Financial Capability Month
The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. Banks promote financial literacy by supporting programs that expand financial literacy, economic empowerment, and access to capital and credit…
CFPB: Series of Policy Statements Rescinded to Ensure Industry Complies with Consumer Protection Laws
The Consumer Financial Protection Bureau (CFPB) today announced it is rescinding seven policy statements issued last year that provided temporary flexibilities to financial institutions in consumer financial markets including mortgages, credit reporting, credit cards and prepaid cards. The seven rescissions, effective April 1, provide guidance to financial institutions on complying with their legal and regulatory…
CFPB: 2020 HMDA Data on Mortgage Lending Now Available
Today, the Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2020 were published on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,400 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect privacy. “HMDA data can help determine whether financial institutions are serving…
OCC: FFIEC’s 2021 “A Guide to HMDA Reporting: Getting It Right!” Issued
Summary The Office of the Comptroller of the Currency (OCC) is announcing the issuance of the Federal Financial Institutions Examination Council’s (FFIEC) revised “A Guide to HMDA Reporting: Getting It Right!”, which is designed to help banks comply with the Home Mortgage Disclosure Act (HMDA) and Regulation C, its implementing regulation (12 CFR 1003). The…
FHFA: House Price Index Up 1.0 Percent in January; Up 12.0 Percent from Last Year
House prices rose nationwide in January, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 12.0 percent from January 2020 to January 2021. The previously reported 1.1 percent price change for December 2020 was revised upward to 1.2 percent. For the nine census divisions, seasonally…
CFPB: FTC and CFPB Issue Joint Statement on Preventing Illegal Evictions
Consumer Financial Protection Bureau Acting Director Dave Uejio and Federal Trade Commission Acting Chairwoman Rebecca Slaughter issued a joint statement regarding their agencies’ work to help stop illegal evictions and protect American consumers facing economic hardship due to COVID-19. CFPB Acting Director Dave Uejio and FTC Acting Chairwoman Rebecca Slaughter:“Staff at both agencies will be…
FEMA: President Biden Announces Major Disaster Declaration for the Poarch Band of Creek Indians
FEMA announced that federal disaster assistance has been made available to the Poarch Band of Creek Indians to supplement the tribe’s efforts in the areas affected by the COVID-19 pandemic beginning on Jan. 20, 2020, and continuing. The President’s action makes federal funding available for crisis counseling for the Poarch Band of Creek Indians. Federal…
HUD: Report on Youth Homelessness Underscores Importance of American Rescue Plan
The U.S. Department of Housing and Urban Development (HUD) today released a report on coordinated community approaches to preventing and ending youth homelessness. The report, “Evaluation of the HUD Youth Homelessness Demonstration Program: Early Implementation Report,” underscores the importance of the American Rescue Plan to addressing homelessness, including for youth. The report found that funding…