CFPB: New Report Issued on Debt Burdens Among Credit-Linked Consumers in the United States
Using consumer credit record data, CFPB researchers document how often consumers share credit with likely-household members, what types of credit they share, and what we might miss by focusing solely on individuals. The report shows that credit-linked consumers (a household-like construct the authors define) generally have better financial outcomes than consumers who are unlinked, even…
FHFA: Federal Housing Administration Joins Fannie and Freddie in Implementing VantageScore 4.0 and FICO 10T Credit Scores
Homebuying Advances into New Era of Credit Score Competition Today the U.S. government is ushering in a new era of competition in our nation’s mortgage market. In a joint announcement, HUD Secretary Scott Turner and FHFA Director William J. Pulte announced that the Federal Housing Administration and Fannie Mae and Freddie Mac are implementing their first…
ICBA: ICBA Commends House Financial Services Committee for Advancing 1071 Relief for Community Banks
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House Financial Services Committee’s passage of the Small LENDER Act (H.R. 941), ICBA-advocated legislation to exempt most community banks from small-business data collection and reporting requirements under Section 1071 of the Dodd-Frank Act. “ICBA and the nation’s…
SBA: National Small Business Week 2026 Cosponsors Announced
America’s SBDC to Co-Host NSBW Two-Day Virtual Summit Today, the U.S. Small Business Administration announced its full list of cosponsors for National Small Business Week 2026, which will take place from May 3-9. America’s Small Business Development Center (ASBDC) will cohost this year’sVirtual Summit, a free two-day online event that will take place May 5-6, featuring educational workshops presented by cosponsors, access…
HUD: Disaster Aid & Financial Flexibility Delivered for Hawaii Residents Impacted by Natural Disasters
Secretary Scott Turner announced the availability of federal disaster assistance to the state of Hawaii to supplement recovery efforts in the areas affected by the Kona low weather systems on March 10-24, 2026. “When disasters strike, HUD is here to support American families when they need it most,” said Secretary Scott Turner. “Our team is assisting…
EDA: U.S. Department of Commerce Invests $6.8 Million in Disaster Supplemental Funding to Support Automotive Workforce Development in Augusta, GA
The U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded a $6.8 million grant to the Augusta Technical Foundation, Inc. in Augusta, Georgia, for the development of a state-of-the-art automotive workforce training facility. This award will enable Augusta Technical Foundation, Inc. to renovate and refurbish a 65,000-square foot former automotive dealership, providing classrooms and…
FEMA: Over $250 million in Federal Funding Announced to Help States and Local Communities Protect against Floods
Today, the Federal Emergency Management Agency (FEMA) announced more than $250 million in funding to help states prevent damage from future flood disasters. Under the leadership of Secretary of Homeland Security Markwayne Mullin, FEMA has been empowered to expeditiously work on pending mitigation grant awards. At his direction, FEMA is moving forward with plans to…
SBA: Relief Offered to Hawaii Small Businesses and Private Nonprofits Affected by Drought
Low interest disaster loans now available The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Hawaii to offset economic losses caused by drought beginning Jan. 1. The declaration covers the Hawaii counties of Hawaii, Honolulu, Kalawao, Kauai, and Maui. Under this declaration,…
Census Bureau: New Data on Public Employment and Payroll Now Available
The U.S. Census Bureau today released a new summary report and data tables for the 2025 Annual Survey of Public Employment & Payroll (ASPEP). These statistics provide a comprehensive look at the employment of the nation’s state and local governments. The survey provides state and local government data on full- and part-time employment; full-time equivalent employment; and…
ABA: ABA Offers Congressional Testimony on Credit Reporting and Access to Credit
The Fair Credit Reporting Act (FCRA) is a critical consumer protection law that supports responsible lending, and policymakers should avoid changes that could restrict credit availability by reducing data accuracy or adding complexity, the American Bankers Association testified before the House Financial Services Subcommittee on Financial Institutions today. Veneshia Ferdinand, assistant vice president and director…