FDIC: Advisory Committee on Economic Inclusion to Meet June 4th
Two New Members also Announced The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Tuesday, June 4, 2024, to discuss updates from Committee members about key challenges facing their communities and organizations. Panel presentations will discuss enhancing deposit insurance awareness, insights from our research about Volunteer Income Tax Assistance…
FHFA: U.S. House Prices Rise 6.6 Percent Over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023
U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent compared to the fourth quarter of 2023. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. “U.S. house prices continued…
FEMA: President Biden Approves Major Disaster Declaration for Iowa
FEMA announced today that federal disaster assistance is available to the state of Iowa to supplement recovery efforts in the areas affected by severe storms, tornadoes and flooding from May 20-21, 2024. The President’s action makes federal funding available to affected individuals in Adair, Montgomery, Polk and Story counties. Assistance can include grants for temporary housing…
HUD: $26 Million Available to Promote Fair Housing and Root Out Discrimination
Funds will go to state and local fair housing enforcement partners. Today, the U.S. Department of Housing and Urban Development (HUD) is awarding $26 million in non-competitive funding available to HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP is an intergovernmental partnership between the…
FEMA: President Biden Approves Major Disaster Declaration for West Virginia
FEMA announced that federal disaster assistance is available to the state of West Virginia to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides from April. 2-6, 2024 The President’s action makes federal funding available to affected individuals in Boone, Cabell, Fayette, Kanawha, Lincoln, Marshall, Nicholas, Ohio, Putnam,…
HUD and Census Bureau: New Residential Sales Report Published for April 2024
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2024: New Home SalesSales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released jointly today by the U.S. Census Bureau…
HUD: Disaster Assistance Announced for Texas Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Texas and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, and flooding beginning on April 26, 2024, and continuing. President Biden issued a major disaster…
FEMA: President Biden Approves Major Disaster Declaration for Kentucky
FEMA announced today that federal disaster assistance is available to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that occurred on April 2, 2024. The President’s action makes federal funding available to affected individuals in Boyd, Carter, Fayette, Greenup, Henry, Jefferson, Jessamine,…
FDIC: 2024 Risk Review Published
Report highlights risks in banking system including Commercial Real Estate and Consumer Loans The Federal Deposit Insurance Corporation (FDIC) today published its 2024 Risk Review, which summarizes conditions in the U.S. economy, financial markets, and the banking industry. The FDIC’s Risk Review is an annual publication and based on year-end banking data from the prior year….
CFPB: Interpretive Rule Issued to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans
Agency’s interpretive rule addresses Buy Now, Pay Later lender obligations to investigate disputes and refund charges The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to…