CFPB: New Report Finds One-Third Decline in Collections Items on Consumer Credit Reports
Report underscores ongoing concerns about accuracy of collections data, particularly with respect to medical debt Today, the Consumer Financial Protection Bureau (CFPB) released a report examining trends in credit reporting of debt in collections from 2018 to 2022. The report found the total number of collections tradelines on credit reports declined by 33%, from 261…
FEMA: Pike County Added to Georgia Major Disaster Declaration
Pike County has been added to the major disaster declaration for Georgia’s severe storms, straight-line winds, and tornadoes of Jan. 12, meaning residents who sustained damage or losses from the storms may now apply for FEMA disaster assistance. The declaration allows FEMA to provide assistance to eligible individuals and households in eight counties: Butts, Henry, Jasper, Meriwether,…
SBA: Cross-Country Latino Prosperity Tour Announced
Initiative will feature Presidential Cabinet members highlighting the Biden-Harris Administration’s whole-of-government commitment to advancing Latino prosperity Following President Biden’s State of Union address on Tuesday, SBA Administrator Isabella Casillas Guzman traveled to Tucson, Arizona today to announce plans for the upcoming Biden-Harris Administration Latino Prosperity Tour. This tour will spotlight the whole-of-government approach the Biden-Harris…
FEMA: Agency Announces All COVID-19 Disaster Declaration Incident Periods Will Close on May 11, 2023
In recognition of FEMA’s unprecedented response to the COVID-19 pandemic and following the Biden-Harris Administration’s determination regarding the end of the Public Health Emergency and National Emergency declarations, the agency announced today that all COVID-19 incident periods will close on May 11. FEMA will publish a Federal Register Notice providing a 90-day advance notice to…
HUD: Updated Guidance Issued to Enhance Use of Supportive Services Programs at Properties for Low-Income Seniors
Guidance for owners of properties participating in HUD’s Multifamily Section 202 Project Rental Assistance Contract program reinforces use of supportive services funds to help seniors live independently New HUD 202 service portal launched for ordering free COVID-19 Antigen tests The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today…
Census Bureau: Census Open Innovation Labs to Host The Opportunity Project Summit 2023
Each year, the U.S. Census Bureau brings together cross-sector collaborators during The Opportunity Project (TOP) Summit to solve some of the world’s major data and technology challenges. TOP is led by the Census Bureau’s Census Open Innovation Labs (COIL). The program engages government, technologists, and communities to create digital products using federal open data that serve the public. To…
HUD: Major Milestone Achieved in Assisting Nearly 2 Million Homeowners Stay in Their Homes
FHA foreclosure avoidance options have been expanded and extended Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that, thanks to Federal Housing Administration (FHA) programs, approximately 2 million homeowners with FHA mortgages were able to stay in their homes from the beginning of the COVID-19 pandemic in March…
CDFI Fund: Public Comments Requested on Changes to the New Markets Tax Credit Program Transaction Level Report
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting public comment on changes to the New Markets Tax Credit Program (NMTC Program) Transaction Level Report (TLR). Through this request for comment, the CDFI Fund seeks to address the remaining open Planned Corrective Actions recommended by the Government Accountability Office…
ABA: Association Offers Congressional Testimony on Strength of Banking Industry
FirstBank CEO Jim Reuter appears on behalf of ABA members before House Financial Services Subcommittee on Financial Institutions and Monetary Policy The American Bankers Association today provided testimony to the House Financial Services Subcommittee on Financial Institutions and Monetary Policy on the banking industry’s public policy priorities, new initiatives to foster innovation and competition in financial services,…
CFPB: New Guidance Issued to Protect Mortgage Borrowers from Pay-to-Play Digital Comparison-Shopping Platforms
Financial arrangements that influence or manipulate search results are illegal Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to protect Americans from double dealing on digital mortgage comparison-shopping platforms. Companies operating these digital platforms appear to shoppers as if they provide objective lender comparisons, but may illegally refer people to only those…