FHFA: House Price Index Up 0.4 Percent in November 2018
U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in October was revised to reflect a 0.4 percent increase. The FHFA monthly HPI is calculated using home sales price information…
CFPB: Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act
Consumer Financial Protection Bureau Director Kathleen L. Kraninger today issued the following statement announcing that she has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military Lending Act (MLA). “The Bureau is committed to the financial well-being of America’s service members. This commitment includes ensuring that lenders subject to…
Federal Reserve: FRB Launches Article Series on Financial Conditions and Concerns of Consumers and Communities
The Federal Reserve Board on Wednesday announced Consumer & Community Context, an article series that features original analysis about the financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The goal of the series is to increase public understanding of the financial conditions and concerns of consumers…
CFPB: Credit Score Myths that Might Be Holding You Back from Improving Your Credit
Improving your credit is possible, but it’s hard to know where to start. There’s a lot of misleading information out there, and these credit myths can get in the way of improving your credit score. Your credit score is important for determining things like whether you’ll be able to qualify for a loan or credit…
ABA: America’s 2 Million Bankers Encouraged to Register for ABA Foundation’s 2019 Financial Education Initiatives
ABA Foundation programs call for banker volunteers to join growing, industry-wide efforts designed to help local communities The American Bankers Association Foundation today launched its 2019 financial education registration campaign, calling on banker volunteers from across the country to register for a range of successful, industry-wide programs designed to enhance financial education in their local…
FEMA: Nearly $350 Million in Federal Grants and Loans Approved for California Wildfire Survivors
Over the two months since wildfires in two disparate regions of the state grew into deadly disasters of historic proportions, the Federal Emergency Management Agency (FEMA) and the U.S. Small Business Administration (SBA) have approved more than $347 million in grants and low-interest disaster loans to assist survivors in their recovery. The California Governor’s Office…
FEMA: $525 Million in Additional Federal Grants to Puerto Rico Announced
FEMA has awarded more than $525 million in additional funds to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $5.3 billion. The latest grants approved are as follows: More than $520 million to the Puerto Rico Department of Housing for…
Joint Release: Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown
Joint press release with: Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown. While the effects of the federal government…
CFPB: Assessments of Ability-to-Repay and Mortgage Servicing Rule Published
The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule issued under the Real Estate…
FEMA: Hurricane Recovery Continues in Florida with More Than $835.4 Million in Federal Support
Three months after Hurricane Michael made landfall, communities continue recovery efforts with support from the State of Florida and federal agencies. More than $835.4 million in federal funds has been provided for homeowners, renters, businesses and flood insurance policyholders as of Jan. 9. The State of Florida and local communities have removed more than 20…