CFPB: How to Respond When a Debt Collector Contacts You in Three Easy Steps
By Courtney-Rose Dantus Receiving a call from a debt collector can be stressful. Your first instinct may be to hide or ignore the situation and hope it goes away. But that can make things worse. We have resources to help you respond to debt collectors. 1. First, know your rights There are laws that…
CFPB: Announcing the 30 New Organizations Joining the Focus on People with Disabilities 2017 Cohort
People with disabilities, like all consumers, deserve fair treatment and access to the information, tools, and support they need to enhance their financial well-being. Earlier this year, we invited organizations serving people with disabilities to submit letters of interest to participate in the Financial Empowerment: Focus on People with Disabilities 2017 cohort. We selected 30…
HUD & Census Bureau: New Residential Sales Report June 2017
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2017. Building Permits: Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,254,000. This is 7.4 percent (±1.1 percent) above…
CFPB: How to Help Employees Improve Their Financial Well-Being
Here are eight steps business and HR leaders can take to create a financial wellness program at their workplace. By Dubis Correal Day after day, employees arrive at work carrying the stresses of their lives, and money issues can be part of their stress. Maybe one of your employees has a past-due medical bill…
USDA: Agency Seeks Information on Existing Rules for Modification or Repeal
Pursuant to Executive Order 13777, “Enforcing the Regulatory Reform Agenda” the United States Department of Agriculture (USDA) is requesting information to assist in identifying existing regulations that should be modified or repealed. USDA requests comments on several questions including the following: regulations that result in the elimination of jobs, or inhibit job creation; regulations that…
FDIC: Supervisory Appeals Guidelines Revised Effective Immediately
The Federal Deposit Insurance Corporation (FDIC) on Tuesday revised its guidelines for appeals of certain material supervisory determinations to expand the circumstances under which banks may appeal a material supervisory determination and enhance consistency with the appeals processes of other federal banking agencies. The FDIC sought comment on the proposed changes in July 2016. The…
CFPB: Building Credit at a Local Level
By Sarah Bainton Kahn We recently published a report on ways people without a credit history start building one. In order to bring visibility to this issue and spur action at the local level, we’re releasing credit profiles on states and cities across the country. A person is considered “credit invisible” if they do not…
CDFI Fund: Important Reminders for FY 2017 Capital Magnet Fund Applicants
As a reminder for prospective fiscal year (FY) 2017 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2017 Capital Magnet Fund round is July 28, 2017 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the application and required materials through the CDFI…
HUD: $2 Billion Available for Local Homeless Programs
WASHINGTON – In an effort to prevent and effectively end homelessness, the U.S. Department of Housing and Urban Development (HUD) is making $2 billion available to support thousands of local homeless assistance programs nationwide. Funded through the Continuum of Care (CoC) Homeless Assistance Program, HUD’s funding notice continues to encourage local applicants to use a Housing…
CFPB: Changes Proposed to HMDA Mortgage Data Rule Reporting Threshold for Community Banks and Credit Unions
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a proposal on reporting requirements for banks and credit unions that issue home-equity lines of credit. Under rules that are scheduled to take effect in January 2018, financial institutions are generally required under the Home Mortgage Disclosure Act (HMDA) to report home-equity lines of…