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…
CFPB: Spring 2017 Rulemaking Agenda
An important part of the CFPB’s statutory mandate from the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is to make rules governing consumer finance markets more effective and to create new rules when warranted. Under the Regulatory Flexibility Act, federal agencies must publish regulatory agendas twice a year. As an independent regulatory…
CFPB: How to Respond When a Debt Collector Contacts You in Three Easy Steps
By Courtney-Rose Dantus Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help you respond to debt collectors. 1. First, know your rights There are laws that…
CFPB: Announcing the 30 New Organizations Joining the Focus on People with Disabilities 2017 Cohort
People with disabilities, like all consumers, deserve fair treatment and access to the information, tools, and support they need to enhance their financial well-being. Earlier this year, we invited organizations serving people with disabilities to submit letters of interest to participate in the Financial Empowerment: Focus on People with Disabilities 2017 cohort. We selected 30…