CFPB: Denied for a Bank Account? Here’s What You Should Know
You may have heard that we recently determined that JPMorgan Chase Bank, N.A. (Chase) violated the Fair Credit Reporting Act (FCRA) in connection with its furnishing of consumer deposit account information to specialty consumer reporting companies. Specialty consumer reporting companies collect information and provide reports about how consumers use their deposit accounts. These companies are…
ABA: “Take Your Lawmaker to Work” Program Kicks Off
Members of Congress invited to experience a ‘day in the life’ as a bank employee WASHINGTON — August marks the start of the American Bankers Association’s “Take Your Lawmaker to Work” program – an annual initiative that encourages bankers to host their elected policymakers at a local branch. Bankers across the country have invited members…
HUD: Additional $179 Million to Help States Recover from 2015 & 2016 Disasters
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an additional $178.5 million to help hard-hit areas in several states recover from severe flooding that occurred in 2015 and 2016. The grants announced today are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. Combined with CDBG-DR grants…
CDFI: New Markets Tax Credit Program Compliance Report Released
Washington – A new, independent report on the federal New Markets Tax Credit Program (NMTC Program) was released today by Summit Consulting LLC (Summit). The Compliance Review of New Markets Tax Credit Program report (the NMTC Report) was commissioned by the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). It examines whether the…
Census Bureau: Release Schedule for Income, Poverty and Health Insurance Statistics
New Language Tables Released JULY 31, 2017 — The U.S. Census Bureau schedule for the release of the 2016 income, poverty and health insurance coverage statistics from the Annual Social and Economic Supplement to the Current Population Survey and the 2016 American Community Survey is as follows: Tuesday, Sept. 12, 2017 (no embargo) National 2016…
CFPB: Companies Warned Against Tricking Consumers into Expensive Pay-by-Phone Fees
Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a bulletin warning companies about tricking consumers into expensive pay-by-phone fees. The Bureau is concerned about companies potentially misleading consumers about the purpose and amount of certain…
HUD: East Baltimore Redevelopment Earns 2017 HUD Secretary’s Award for Historic Preservation
WASHINGTON – For years, dozens of historic rowhouses in an East Baltimore neighborhood sat vacant, boarded up and crumbling from neglect while nearby families were in need of affordable housing. Then, a $9.3 million redevelopment project rehabilitated 32 vacant rowhouses into beautiful affordable housing homes complete witha coffee shop and a workforce development center inside…