CFPB: Fall 2018 Rulemaking Agenda
The Bureau’s general purpose, as specified in section 1021 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), is to implement and enforce Federal consumer financial law consistently for the purpose of ensuring that all consumers have access to markets for consumer financial products and services and that markets for consumer financial…
HUD: “Humans of HUD” Photoblog Launched
Project highlights the trials and triumphs of the people HUD serves The U.S. Department of Housing and Urban Development today announced the launch of ‘Humans of HUD’ – a photoblog dedicated to documenting the journeys of people who are impacted by the Department’s programs and services. The inspiring collection of photos and stories are part…
ABA: Survey Shows Online, Mobile Are Most Popular Banking Channels, Branches Remain Popular
Nearly three-quarters of Americans (72 percent) are now choosing to most often access their bank accounts via online and mobile platforms, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association. The number of those who identified online banking via laptop or PC as their top option rose to…
FEMA: President Trump Approves Major Disaster Declaration for Virginia
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the Commonwealth of Virginia to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Florence from Sept. 8, 2018, to Sept. 21, 2018. Federal funding is available to the state, tribal and eligible local governments and…
FEMA: Three More North Carolina Counties Added for Disaster Assistance
Residents and business owners in Anson, Orange and Union counties may now apply for disaster assistance for uninsured and underinsured damage and losses resulting from Hurricane Florence. “People across North Carolina are working hard to clean up and rebuild their lives from Hurricane Florence and expanding FEMA help to people in more counties is a…
FEMA: President Trump Approves Major Disaster Declaration for Georgia
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of Georgia to supplement state, tribal, and local recovery efforts in the areas affected by Hurricane Michael beginning on Oct. 9, 2018, and continuing. The President’s action makes federal funding available to affected individuals in Baker, Decatur, Dougherty,…
HUD: Public Housing Agencies Invited to Join Meeting to Work Demonstration Project
MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting public housing agencies to join the Department’s expanding Moving to Work demonstration program. Moving to Work (MTW) allows public housing agencies (PHAs) to practice greater program flexibility and encourages housing choice and self-sufficiency among…
SBA: Small Business Lending Momentum Continues in FY18
SBA FY18 total loan volume reaches more than $30 billion with more than 72,000 approved loans The U.S. Small Business Administration announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. “We are providing tools, resources and access to capital for America’s…
FHFA: Mortgage Translations Clearinghouse Launched to Help Borrowers with English Language Barriers
The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers. LEP borrowers make up a growing share of today’s mortgage…
FDIC: Tool Enhanced to Prevent Elder Financial Exploitation
The Federal Deposit Insurance Corporation (FDIC) today announced the release of a Spanish-language version of Money Smart for Older Adults. The curriculum, now offered in English and Spanish, has been updated to provide new information and resources to help older adults and their caregivers recognize and prevent fraud, scams, and other types of financial exploitation….