EDA: $13.5 Million Announced to Support U.S. Manufacturers
Today, U.S. Secretary of Commerce Gina Raimondo announced $13.5 million in U.S. Economic Development Administration (EDA) grants to support 11 Trade Adjustment Assistance Centers (TAACs) that help manufacturers affected by imports adjust to increasing global competition and to create jobs. The TAACs, which each service multiple states, are located in California, Colorado, Georgia, Illinois, Massachusetts,…
FDIC: Cease and Desist Letters Issued to Five Companies For Making Crypto-Related False or Misleading Representations about Deposit Insurance
The Federal Deposit Insurance Corporation (FDIC) today issued letters demanding five companies and their officers, directors, and employees cease and desist from making false and misleading statements about FDIC deposit insurance and take immediate corrective action to address these false or misleading statements. Based upon evidence collected by the FDIC, each of these companies made…
Census Bureau: First in Series of 2020 Census Quality Reports Released
The U.S. Census Bureau today released the first two of more than 65 reports from its 2020 Census Evaluations and Experiments (EAE) operation designed to assess the quality of 2020 Census programs and operations and test new methods suggested from previous research. These studies include evaluations, experiments, operational assessments, quality control profiles and a topic report. Conclusions and…
FEMA: First-Ever National Tribal Strategy Released
FEMA released a national tribal strategy — the agency’s first ever — to better address its responsibilities to federally recognized tribal nations when responding to and preparing for disasters affecting tribal lands. The “2022-2026 FEMA National Tribal Strategy” provides FEMA with a roadmap to refine and elaborate on major strategic goals and objectives we are…
HUD: FHA Implements Residential Care Facility “Green Mortgage Insurance Premium” Reductions
Guidance issued today explains how lenders participating in FHA’s Section 232 Mortgage Insurance for Residential Care Facility program can obtain mortgage insurance premium reductions on mortgages for eligible “green” facilities Federal Housing Commissioner: Green MIP pricing will “support the Biden-Harris Administration’s climate goals and HUD’s Climate Action Plan” The Federal Housing Administration (FHA) announced today…
FDIC: Supervisory Guidance Issued on Multiple Re-Presentment NSF Fees
Summary: The FDIC is issuing guidance to FDIC-supervised institutions to address certain consumer compliance risks associated with assessing multiple non-sufficient funds (NSF) fees arising from the re-presentment of the same unpaid transaction. Additionally, the FDIC is sharing its supervisory approach when a violation of law is identified, as well as expectations for full corrective action. …
ABA: Report Shows Credit Card Market Continued to Normalize in First Quarter 2022
Consumers continued to manage their credit well in the first quarter of 2022, a sign of continued U.S. consumer strength during that period, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor released today. The report also found that credit card credit outstanding as a share of disposable income remained well below…
Census Bureau: Household Pulse Survey Phase 3.5 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.5 of the experimental Household Pulse Survey (HPS). Phase 3.5 includes new questions on timing of positive coronavirus test, use of coronavirus treatments, the experience of long-COVID symptoms, amount of monthly rent and changes in monthly rent, children’s mental health and difficulty with self-care and communicating. Questions…
Census Bureau: Public Invited to Provide Input on Designing the 2030 Census
Feedback Is Critical for Informing Plans for the Next Decennial Headcount The U.S. Census Bureau has formally invited the public to share their input and ideas for an improved 2030 Census. The invitation comes in the form of a Federal Register Notice published today. The notice marks the start of a 90-day response window. The…
FHFA: Updated Minimum Financial Eligibility Requirements for Enterprise Seller/Services and Ginnie Mae Issuers Announced
Today, the Federal Housing Finance Agency (FHFA) and Government National Mortgage Association (Ginnie Mae) issued a joint announcement of their updated minimum financial eligibility requirements for seller/servicers and issuers. Prompted by the changing nature of the U.S. housing finance system, these enhanced eligibility requirements reflect Ginnie Mae’s and FHFA’s shared goals to promote confidence in…