CFPB: Proposed Rule Issued to Jumpstart Competition and Accelerate Shift to Open Banking
Personal Financial Data Rights rule would challenge industry to compete for customers, protect consumers from excessive surveillance, and help people walk away from bad service Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and…
ABA: Bank Employees Across U.S. Celebrate 20th Annual Get Smart About Credit Day
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by sharing information with teens and young adults on a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth…
FEMA: President Biden Approves Major Disaster Declaration for Agua Caliente Band of Cahuilla Indians
FEMA announced that federal disaster assistance has been made available to the Agua Caliente Band of Cahuilla Indians to supplement recovery efforts in the areas affected by Tropical Storm Hilary from Aug. 19 – 21, 2023. Public Assistance federal funding is available to the Tribal government and certain private nonprofit organizations on a cost-sharing basis for emergency work and…
HUD: Expansion of the ConnectHomeUSA Initiative Announced to Bridge the Digital Divide for HUD-Assisted Families
The announcement expands the Department’s work to promote digital inclusion for American families and builds on its ongoing work with the FCC to ensure all HUD-assisted families enroll in the Affordable Connectivity Program The U.S. Department of Housing and Urban Development (HUD) is announcing the expansion of the ConnectHomeUSA (CHUSA) initiative through a notice in the Federal…
EDA: Applications Open for Pilot Program to Highlight Opportunities to Boost American Communities
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced it has received 565 applications for Phase 1 of the Recompete Pilot Program, marking the largest number of applications of any national EDA competition to date. The Recompete Program is a key piece of President Biden’s Investing in America agenda and reflects the Administration’s commitment to…
FDIC: Open Board Meeting Regarding CRA Modernization Scheduled for October 24th
Time and Date: 3:00 p.m. on October 24, 2023. Place: This Board meeting will be open to public observation only by webcast. Visit https://www.fdic.gov/news/board-matters/video.html for a link to the webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Observers requiring auxiliary aids (e.g., sign language interpretation) for this meeting should email DisabilityProgram@fdic.gov to…
ABA: New National Survey Finds Majority of U.S. Consumers Think Congress Should Examine Whether Credit Unions Provide Enough Community Benefit to Warrant Existing Tax Exemption
U.S. consumers are generally unaware of the differences between banks and credit unions and believe credit unions should be held to the same standards as the banks they compete with for customers every day, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. A wide majority of respondents…
HUD: FHA Expands Access to Mortgage Financing for Homes that Have or Will Include Accessory Dwelling Units
New Accessory Dwelling Unit policy provides expanded financing options for borrowers and reinforces Biden-Harris Administration housing supply and homeownership goals The U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), today announced a new policy which allows lenders to count income from small units of housing built inside, attached to, or…
Federal Reserve: Open Board Meeting Regarding CRA Modernization Scheduled for October 24th
Agency: Board of Governors of the Federal Reserve System Time, date: 9:30 a.m., Tuesday, October 24, 2023 Place: Martin Federal Reserve Board Building, C Street entrance between 20th and 21st Streets, N.W., Washington, D.C. 20551. Status: Open On the day of the meeting, you will be able to view the meeting via webcast from a…
FHFA: New Uniform Appraisal Dataset Appraisal-Level Public Use File Published
The Federal Housing Finance Agency (FHFA) today published its new Uniform Appraisal Dataset (UAD) Appraisal-Level Public Use File (PUF). “As accurate home valuations are vital to the mortgage market, publishing transparent data on appraisals while protecting borrowers’ personally identifiable information provides useful information to the public in a responsible manner,” said FHFA Director Sandra L. Thompson. “Today’s announcement…