CFPB: New Bulletin Issued to Prevent Unlawful Medical Debt Collection and Credit Reporting
New Law Limits Surprise Medical Bills The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills. Companies that try to collect on medical bills that are prohibited by the No…
ABA: Bank Economists See Return to Full Employment in 2022
Interest Rates to Rise, Inflation to Slow Economic growth will slow relative to last year’s robust pace but remain above long-run potential, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The EAC consensus forecast also anticipates softer but still elevated inflation in 2022 along with three interest rate increases from…
HUD: Disaster Assistance Announced for Missouri Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Missouri affected by severe storms, straight-line winds, and tornadoes on December 10, 2021. On January 11, President Biden issued a major disaster declaration for Bollinger, Dunklin, Iron, Madison, Pemiscot,…
HUD: Nearly $105 Million Awarded to Protect Low-Income Families from Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $104.7 million to 60 non-profit organizations, and state and local government agencies located in 29 states to protect children and families from home health hazards. HUD is providing these grants through its Healthy Homes…
FEMA: President Biden Approves Major Disaster Declaration for Missouri
FEMA announced today that federal disaster assistance has been made available to the state of Missouri to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes on Dec. 10, 2021. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing…
HUD: Disaster Assistance Announced for Washington Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas affected by flooding and mudslides from November 13 to November 15, 2021. On January 5, President Biden issued a major disaster declaration for the counties of Clallam, Skagit, and…
EDA: $3 Million Invested to Establish a Diesel Mechanics Training Facility in Lewistown, PA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Mifflin County Academy of Science and Technology, Lewistown, Pennsylvania, to establish a diesel mechanics and heavy equipment operator training facility and diversify the local economy. This EDA project will provide secondary…
FEMA: President Biden Approves Major Disaster Declaration for Washington
FEMA announced that federal disaster assistance has been made available to the state of Washington to supplement state, tribal and local recovery efforts in the areas affected by flooding and mudslides from Nov. 13-15, 2021. The President’s action makes federal funding available to affected individuals in Clallam, Skagit and Whatcom counties and the Lummi Nation,…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
FHFA: Targeted Increases to Enterprise Pricing Framework Announced
Upfront Fee Adjustments for High Balance Loans and Second Home Loans to Take Effect April 1, 2022 Today, the Federal Housing Finance Agency (FHFA) announced targeted increases to Fannie Mae and Freddie Mac’s (the Enterprises) upfront fees for certain high balance loans and second home loans. High balance loans are mortgages originated in certain designated…