CFPB: New Bulletin Issued to Prevent Unlawful Medical Debt Collection and Credit Reporting
New Law Limits Surprise Medical Bills The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills. Companies that try to collect on medical bills that are prohibited by the No…
HUD: Nearly $105 Million Awarded to Protect Low-Income Families from Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $104.7 million to 60 non-profit organizations, and state and local government agencies located in 29 states to protect children and families from home health hazards. HUD is providing these grants through its Healthy Homes…
EDA: $3 Million Invested to Establish a Diesel Mechanics Training Facility in Lewistown, PA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Mifflin County Academy of Science and Technology, Lewistown, Pennsylvania, to establish a diesel mechanics and heavy equipment operator training facility and diversify the local economy. This EDA project will provide secondary…
FHFA: Targeted Increases to Enterprise Pricing Framework Announced
Upfront Fee Adjustments for High Balance Loans and Second Home Loans to Take Effect April 1, 2022 Today, the Federal Housing Finance Agency (FHFA) announced targeted increases to Fannie Mae and Freddie Mac’s (the Enterprises) upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in certain designated…
CDFI Fund: Civil Rights Act Compliance Reporting Requirements Implemented Beginning in 2022
Award applicants requested to complete a new Title VI Compliance Worksheet starting in 2022 The Civil Rights Act of 1964, which ended segregation in public places and banned employment discrimination on the basis of race, color, religion, sex or national origin, also prohibits discrimination on the basis of race, color, or national origin in programs…
FDIC: Chairman Jelena McWilliams Announces Resignation Effective February 4, 2022
Federal Deposit Insurance Corporation Chairman Jelena McWilliams today sent the following letter to the President of the United States: The Honorable Joseph R. Biden, Jr.President of the United StatesThe White House1600 Pennsylvania Avenue, N.W.Washington, DC 20500 Dear Mr. President, After serving as the 21st Chairman of the Federal Deposit Insurance Corporation (FDIC) since June 2018, I…
HUD: 2021 HUD Year in Review Fact Sheet Released
The U.S. Department of Housing and Urban Development (HUD) this year took bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities including ensuring equity, removing barriers to homeownership, expanding the nation’s housing supply, and keeping Americans housed. Below…
FHFA: 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac Finalized
Today, the Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark levels for the multifamily housing goals for 2022. The housing goals ensure that the Enterprises, through…
EDA: $3.2 Million Invested for Broadband Infrastructure to Servce Tribal Community in Montezuma County, CO
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 the Ute Mountain Ute Tribe, Towaoc, Colorado, to construct broadband infrastructure. The project will provide high-speed internet service connecting the Ute Mountain Ute Indian Reservation and the city of Towaoc to the…
HUD: $9 Million Loan Guarantee to Cleveland Announced for Development of Nearly 200 Housing Units and Grocery Store
The U.S. Department of Housing and Urban Development today announced a $9 million loan guarantee to the City of Cleveland, Ohio for the development of a mixed-used site that includes nearly 200 housing units and a 40,000 square foot grocery store. “This is a tremendous opportunity for Cleveland to expand access to affordable housing while…