CFPB: New CFPB Issue Spotlight Examines High Fees that Chip Away at Public Benefits
Recipients of public cash assistance programs can be subjected to inadequate customer service and fees that cut into benefits The Consumer Financial Protection Bureau (CFPB) released a new issue spotlight examining how the financial products used to deliver public benefits, like Social Security and unemployment compensation, affect individuals’ ability to fully access the assistance provided…
CFPB: New Advisory Committee Member Appointments Announced
The Consumer Financial Protection Bureau (CFPB) announced today the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to provide advice on a variety of…
FEMA: $350 Million Awarded for Humanitarian Assistance Through the Emergency Food and Shelter Program
Today, the Department of Homeland Security, through FEMA, announced it will publish a Notice of Funding Opportunity (NOFO) for $350 million under the humanitarian portion of the Emergency Food and Shelter Program (EFSP-H) to help local communities around the country better manage the costs of noncitizen arrivals in their communities. This is the first major…
Census Bureau: New Dashboard Released to Explore Impacts of Federal Broadband Investments on Local Communities
The U.S. Census Bureau, in partnership with the National Telecommunications and Information Administration (NTIA), today announced the launch of the ACCESS BROADBAND Dashboard. ACCESS BROADBAND stands for Advancing Critical Connectivity Expands Service, Small Business Resources, Opportunities, Access, and Data Based on Assessed Need and Demand Act. The new data tool shows how changes in broadband infrastructure…
HUD: More than $794 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $794 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes, Alaska Native Villages, and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in Tribal communities. Click here to…
FHFA: U.S. House Prices Rise 8.4 Percent over the Last Year; Up 0.3 Percent from the Third Quarter 2022
U.S. house prices rose 8.4 percent between the fourth quarters of 2021 and 2022, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.3 percent compared to the third quarter of 2022. FHFA’s seasonally adjusted monthly index for December was down 0.1 percent from November. “House price appreciation continued to wane in the…
FHFA: $545 Million Announced for Affordable Housing Programs
Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $545 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “The need for more affordable housing has never been greater,” said Director Sandra L. Thompson. “A…
FDIC: CRA Examination Schedules for Second and Third Quarters 2023 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2023 and third quarter 2023. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
OCC: Second and Third Quarter 2023 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should…