FEMA: President Biden Approves Emergency Declaration for the Seminole Tribe of Florida
FEMA announced that federal emergency aid has been made available to the Seminole Tribe of Florida to supplement the Tribe’s response efforts due to the emergency conditions resulting from Tropical Storm Nicole, beginning Nov. 7 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating the hardship and suffering caused by the emergency on the…
Census Bureau: New Data Released on Minority-Owned, Veteran-Owned, and Women-Owned Businesses
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2021 Annual Business Survey (ABS), which covers reference year 2020, approximately 1.15 million or 19.9% of employer businesses in 2020 were minority-owned; 320,864 (5.6%) were veteran-owned; and around 1.24 million (21.4%) were owned by women. This release also includes demographic data by…
FHFA: 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) announced today that the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $75 billion for each Enterprise, for a combined total of $150 billion to support the multifamily market. The 2023 caps reflect an anticipated contraction of the multifamily originations market in…
CFPB: New Bulletin Published Analyzing Rise in Crypto-Asset Complaints
“Pig butchering” and other scams lead list of crypto-asset complaints Today, the Consumer Financial Protection Bureau (CFPB) released a new complaint bulletin that highlights complaints the CFPB received related to crypto-assets. Consumers most commonly reported being victimized by frauds, theft, account hacks, and scams. Consumers also had issues with executing transactions and transferring assets between exchanges. Many…
CFPB: New Guidance Issued to Address Investigation Practices by Consumer Reporting Agencies
When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment Today, the Consumer Financial Protection Bureau (CFPB) issued a circular to affirm that neither consumer reporting companies nor information furnishers can skirt dispute investigation requirements. The circular outlines how federal…
ABA: National Survey Finds 99% of Consumers Give High Marks to their Bank’s Online and Mobile Experience for Third Consecutive Year
Ninety-nine percent of consumers rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,”—once again tying the record mark set two years ago—according to a national survey conducted by Morning Consult on behalf of the American Bankers Association. When considering the growth of digital and online tools as well as traditional…
FEMA: President Biden Approves Emergency Declaration for Florida
FEMA announced that federal emergency aid has been made available to the state of Florida to supplement state, tribal and local response efforts to the emergency conditions in the area affected by Tropical Storm Nicole, beginning Nov. 7 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Joliet, IL to Preserve 113 Homes for Low-Income Seniors
Transaction will allow for rental homes at Stevenson Crossing to remain permanently affordable to low-income senior residents. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Joliet (HAJ) in Joliet, IL, to preserve 113…
HUD: Secretary Encourages Aspiring Homebuyers to “Stay Ready” During Virtual House Party
HUD Launches Dedicated Webpage to Connect People to Pathways to Homeownership U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge hosted the virtual event “House Party – Let’s Talk About the House” on Tuesday, November 1 to educate Millennials and Generation Z young adults about the government resources available to buy a…