CFPB: Agency Affirms Ability for States to Police Credit Reporting Markets
The Fair Credit Reporting Act does not stop states from enacting laws to tackle credit reporting problems related to medical debt, tenant screening, and other consumer risks Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule affirming states’ abilities to protect their residents through their own fair credit reporting laws. With limited preemption…
FEMA: President Biden Amends New Mexico Disaster Declaration
FEMA Administrator Deanne Criswell announced today that President Joseph R. Biden, Jr. amended disaster assistance available to the state of New Mexico as a result of wildfires and straight-line winds beginning on April 5 and continuing. Under the President’s order today, the federal share for Public Assistance for debris removal and emergency protective measures, including…
OCC: Overall Mortgage Performance Improvement Reported in First Quarter 2022
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022. The OCC Mortgage Metrics Report, First Quarter 2022 showed that 96.9 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
HUD: $4 Million Awarded to Public Housing Agencies to Protect Families from Potential Exposures to Radon
Funding will support radon testing and mitigation The U.S. Department of Housing and Urban Development’s (HUD) Office of Lead Hazard Control and Healthy Homes today awarded $4 million to nine public housing agencies (PHAs) to conduct radon testing and, as needed, radon mitigation in approximately 1,000 housing units. Where applicable, the funding will also support…
OCC: Report Issued on Key Risks Facing Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2022. As banks continue to navigate the operational- and market-related impacts of the pandemic along with substantial government stimulus, current geopolitics have tightened financial conditions and increased downside risk to…
CFPB: New Final Rule Issued with Credit Reporting Protections to Aid Survivors of Human Trafficking
CFPB Helps Survivors Mitigate the Financial Consequences of Human Trafficking Today, the Consumer Financial Protection Bureau (CFPB) issued a final rule to help survivors avoid some of the financial consequences of human trafficking. The CFPB has established, among other things, a method for survivors of trafficking to submit documentation to credit reporting companies that identifies…
CDFI Fund: Apply Now for the Brand New CDFI Equitable Recovery Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022 funding round for the CDFI Equitable Recovery Program (CDFI ERP) today. The program will provide approximately $1.73 billion in awards, which was included in the Consolidated Appropriations Act, 2021 (Pub. L. 116-260), to Certified Community Development…
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…
HUD: Over $22 Million Invested for Native Hawaiian Housing
The U.S. Department of Housing and Urban Development on Wednesday announced $22.3 million in Native Hawaiian Housing Block Grant (NHHBG) funding to support the Department of Hawaiian Home Lands (DHHL). This funding will support the housing needs of low-income Native Hawaiian families. “The State of Hawaii has the highest median home prices in the nation,…
HUD: Over $30 Million Made Available to State and Local Fair Housing Enforcement Partners
Funding to support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced it has allocated $30.1 million in noncompetitive funding for HUD’s state and local fair housing enforcement agencies across the country under its Fair Housing Assistance Program (FHAP). The FHAP is an intergovernmental partnership between the federal…