CDFI Fund: New Transaction Level Report Monthly Webinars Announced
The Community Development Financial Institutions Fund (CDFI Fund) will now host a monthly Transaction Level Report (TLR) webinar. The TLR webinars are intended to serve as a forum for Certified and non-Certified Community Development Financial Institutions (CDFIs) to ask questions and discuss the TLR and its submission process. This new series will cover the Full-Length…
CFPB: List of Consumer Reporting Companies Updated
2025 report tells consumers how to get a security freeze and block access to their credit reporting data Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data, including individuals’ finances, employment, check writing…
FEMA: New Dog Man PSA Campaign, DreamWorks Animation, the Ad Council and FEMA Partnered to Encourage Kids to Help Prepare for Emergencies
DreamWorks Animation’s Dog Man, based on the best-selling Dav Pilkey books, arrives in theaters Jan. 31, 2025 FEMA’s Ready Campaign and the Ad Council have partnered with DreamWorks Animation’s new film, Dog Man, based on the best-selling Dav Pilkey book series, for a national public service advertising (PSA) campaign. The campaign features the beloved canine crime-fighting hero spreading the message to children across the nation…
Census Bureau: Updated Estimates from the National Experimental Well-Being Statistics Project Released
Today the U.S. Census Bureau released new findings from its National Experimental Well-Being Statistics (NEWS) project. NEWS is a research-driven project to improve how the Census Bureau measures income and poverty. NEWS does this by exploring new methods for creating these economic “well-being” indicators by looking back at data collections from previous years, using a wider range…
CFPB: New Report Finds Servicemembers Pay More in Auto Lending Market
Military borrowers face larger loans, higher interest rates, and more costly add-on products Today, the Consumer Financial Protection Bureau (CFPB) published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car. The report analyzes more than 20 million auto…
CDFI Fund: Important Reminders for FY 2025 CDFI Program and NACA Program Round Applicants
The Community Development Financial Institutions Fund (CDFI Fund) will host the following webinars for fiscal year (FY) 2025 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Round Applicants: Additionally, a Matching Funds Webinar Workshop for CDFI Program Financial Assistance Applicants will be held on February 27, 2025. The CDFI Fund will…
FHFA: House Price Index Up 0.3 Percent in November 2024; Up 4.2 Percent from Previous Year
U.S. house prices rose 0.3 percent in November, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from November 2023 to November 2024. The previously reported 0.4 percent price growth in October was revised upward to 0.5 percent. However, in a repeat of previous HPI updates, price growth…
CFPB: Two Reports Find Continued Challenges for Households That Rent
Late payments decreased overall, but data reveal growing balances and increasing fees Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024. The percentage of renters who paid late fees in the last year reached 23% in February 2023. While the rate declined…
CDFI Fund: Electronic Application Now Available for FY 2025 CDFI Program and NACA Program Applicants
The electronic Application for the fiscal year (FY) 2025 round of the Community Development Financial Institution Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). Reference copies of the NOFAs and all Application materials can be found…
CFPB: Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores
Cash-out borrowers paid down credit card debt and auto loans Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers. Cash-out borrowers had an initial sharp improvement in credit scores, followed by a gradually worsening of their scores. Scores in general, however, stayed above their pre-refinance levels….