HUD: $13.5 Million in Grants Awarded to Expand Access to Homeownership Opportunities
Four housing providers to produce over 440 homes for low-income first-time homebuyers using Self-Help Homeownership Opportunity Program (SHOP) Grants Today, the U.S. Department of Housing and Urban Development (HUD) awarded $13.5 million in “sweat equity grants” to support non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help…
OCC: Acting Comptroller Discusses Elevating Fairness in Banking
Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of fairness in remarks given at the National Community Reinvestment Coalition Just Economy Conference 2024. Mr. Hsu highlighted bank progress in overdraft protection program reforms since the OCC issued guidance last April and provided an update on Project REACh accomplishments regarding credit invisibles,…
CFPB: Report Identifies Financial and Privacy Risks to Consumers in Video Gaming Marketplaces
Growth in banking options and payments in gaming leaves consumers’ assets and personal data at risk Today, the Consumer Financial Protection Bureau (CFPB) issued a report examining the growth of financial transactions in online video games and virtual worlds. These platforms increasingly resemble traditional banking and payment systems that facilitate the storage and exchange of…
FHFB: Implementation of FHLBank System at 100 Recommendations Advanced
The Federal Housing Finance Agency (FHFA) today is providing an update on its implementation of the recommendations of the Federal Home Loan Bank (FHLBank) System at 100: Focusing on the Future report, which was published in November 2023 and followed the first comprehensive evaluation of the FHLBank System in decades. A significant finding of the report is…
HUD: Over $30 Million Awarded to Fight Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) is announcing today the award of over $30 million to fair housing organizations across the country under its Fair Housing Initiatives Program (FHIP). The grants will support the efforts of national, state, and local fair housing entities working to address violations of the Fair Housing Act and…
HUD: HUD Commemorates National Fair Housing Month
Today, Adrianne Todman, Acting Secretary of the U.S. Department of Housing and Urban Development (HUD), released the following statement in commemoration of Fair Housing Month and the signing of the Fair Housing Act of 1968, which prohibits discrimination on the basis of race, color, national origin, religion, sex (including sexual orientation and gender identity), disability,…
OCC: National Financial Capability Month Celebrated in April
The Office of the Comptroller of the Currency (OCC) supports National Financial Capability Month in April, and encourages national banks and federal savings associations (collectively, banks) to support this annual commemoration by recommitting their focus on improving the financial capability and financial health of their customers. Banks can promote financial capability through high-quality financial literacy…
FEMA: FEMA Commemorates 45 Years of Emergency Management
This week, FEMA Administrator Deanne Criswell commemorates FEMA’s 45th year of helping people before, during and after disasters. As we observe this anniversary, we honor the dedication of our workforce and continue our commitment to shaping an agency ready to meet our country’s needs in an ever-evolving disaster landscape. “For 45 years, FEMA employees have…
SBA: Two Business Recovery Centers Open to Support Small Businesses Amid Francis Scott Key Bridge Collapse
Centers Will Help Small Business Owners Apply for Low-Interest Economic Injury Disaster Loans as Part of Biden-Harris Administration’s Whole-of-Government Approach to Recovery Today the U.S. Small Business Administration (SBA) announced the opening of a second Business Recovery Center (BRC) at the CareFirst Engagement Center (1501 South Clinton Street) in Baltimore to provide further federal government support to businesses affected by…