FHFA: Housing Market Data Resources Expand with New Manufactured House Price Index
The new quarterly data series provides insights on prices for a market segment that often serves as an affordable option for homebuyers The Federal Housing Finance Agency (FHFA) published today new national datasets on price trends for manufactured homes. FHFA’s release of the House Price Index (HPI) and median prices for manufactured homes provides quarterly…
HUD: More Than $420 Million Announced to Eliminate Lead Exposure in Homes
The funding will protect more Americans from lead hazards, improve housing hazard identification and prevention, and expand critical research and services. Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $420 million in awards across 32 states, the District of Columbia, and Puerto Rico to remove lead hazards from homes and…
FDIC: Comment Period Extended for Proposed Changes to Brokered Deposit Regulations
The Federal Deposit Insurance Corporation (FDIC) is extending the comment period on its notice of proposed rulemaking (NPR) to strengthen the important prudential protections of the agency’s safety and soundness rule on brokered deposits (12 CFR 337.6) that implements Section 29 of the Federal Deposit Insurance Act. To provide additional opportunity for the public to prepare comments…
FDIC: Comment Period Extended on Request for Information on Deposits
The Federal Deposit Insurance Corporation (FDIC) is extending until December 6, 2024, the comment period on the agency’s Request for Information (RFI) on deposit data that is not currently reported in the Call Report or other regulatory reports, including for uninsured deposits. The FDIC issued the RFI to seek information on the characteristics that affect…
OCC: Research Solicited on Artificial Intelligence in Banking & Finance
The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on the use of artificial intelligence in banking and finance for submission by December 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in Washington, D.C.,…
CFPB: Action Taken Against Wrongful Auto Repossessions and Loan Servicing Breakdowns
Consumers given inaccurate loan disclosures and charged for add-on products without consent Today, the Consumer Financial Protection Bureau (CFPB) published a new edition of Supervisory Highlights describing the agency’s supervisory findings related to illegal practices in auto finance, including lenders repossessing consumers’ cars after the borrower made timely payments or received loan extensions. Other illegal conduct detailed…
FEMA: President Biden Approves Major Disaster Declaration for the San Carlos Apache Tribe
FEMA announced that federal disaster assistance is available to the San Carlos Apache Tribe to supplement recovery efforts in the areas affected by the Watch Fire from July 10-17, 2024. The President’s action makes federal funding available to affected individuals in the San Carlos Apache Tribe. Assistance can include grants for temporary housing and home…
FEMA: Webpage Launched to Respond to Rumors and Confirm Facts Related to Hurricane Helene Response and Recovery
After a disaster, rumors and misunderstandings can spread rapidly through traditional and social media and via word of mouth by friends, neighbors and colleagues. False or misleading information can harm survivors by causing confusion and preventing people from getting the help they need. FEMA has always used a rumor response page during disasters to get…
SBA: $9 Million in Grants Awarded to 49 Organizations Across America to Help Underserved Communities Access Development Funding and Innovative Research
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced that the SBA has issued 49 grants up to $200,000 each to organizations supporting startups through specialized training, mentoring, and technical assistance under the Federal and State Technology (FAST) Partnership Program. “FAST…