FEMA: President Biden Approves Major Disaster Declaration for New York
FEMA announced that federal disaster assistance has been made available to the state of New York to supplement recovery efforts in the areas affected by severe storms and flooding from July 9-10, 2023. Public assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
FEMA: President Biden Approves Major Disaster Declaration for Oklahoma
FEMA announced that federal disaster assistance has been made available to the state of Oklahoma to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from June 14-18, 2023. Public assistance federal funding is available to the state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency…
FEMA: President Biden Approves Major Disaster Declaration for Minnesota
FEMA announced that federal disaster assistance has been made available to the state of Minnesota to supplement recovery efforts in the areas affected by severe storms and flooding from April 11-30, 2023. Public assistance federal funding is available to the state, eligible local and tribal governments and certain private nonprofit organizations on a cost-sharing basis for emergency…
Federal Reserve: FedNow Service, New System for Instant Payments, Now Live
The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. “The Federal Reserve built the…
OCC: Acting Comptroller Discusses Delivering Financial Education and Banking Services in Indian Country
Acting Comptroller of the Currency Michael J. Hsu today discussed the role of national banks and federal savings associations in delivering capital and other financial services to support economic development, housing, and other needs in Indian Country in remarks prepared for delivery at the Financial Literacy and Education Commission meeting. In his remarks, Mr. Hsu…
CFPB: New Report Shows Workers Face Risks from Employer-Driven Credit
Report follows launch of public inquiry into the challenges and prevalence of employer-driven debt Today, the Consumer Financial Protection Bureau (CFPB) published a report highlighting the risks employer-driven debt poses to workers. After a review of responses to the CFPB’s public inquiry, the analysis describes the growing prevalence of employer-driven debt and challenges workers and consumers…
Census Bureau: Household Pulse Survey Phase 3.9 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.9 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to inform federal and state response and recovery planning by providing near real-time data on the social and economic effects of the COVID-19 pandemic and…
HUD: Action Taken on Junk Fees in Rental Housing
Major online rental search platforms agree to provide tens of millions of consumers with better information about fees. Today, President Biden and U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced new commitments by several of the biggest rental housing search platforms to increase transparency of housing fees, and released new…
Census Bureau: New Report Released on Aging Veterans
A new report released today by the U.S. Census Bureau shows U.S. veterans 65 years or older were less likely to be at risk of experiencing social isolation than other older adults. The report, Aging Veterans: America’s Veteran Population in Later Life, examines characteristics of the nation’s 8.1 million veterans ages 65 or older in 2021….