CFPB: Action Taken to Halt False Claims of “Free” International Money Transfers
CFPB warns remittance transfer providers about false claims regarding cost and speed Today, the Consumer Financial Protection Bureau (CFPB) issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law. Companies in the marketplace are charging junk fees on international money…
CDFI Fund: Helpful Tips Released for Applicants to the FY 2024 BEA Program Application Round
If your FDIC-insured bank or thrift is considering submitting an application to the upcoming fiscal year (FY) 2024 funding round for the Bank Enterprise Award Program (BEA Program), you may find the following information helpful as you plan. Eligibility Requirements for FY 2024 BEA Program Applicants with CDFI Fund Awards If your organization will be…
CDFI Fund: Public Meeting of the CDFI Fund’s Advisory Board will be Held on April 11th in Washington, DC
A Public Meeting of the CDFI Fund’s Advisory Board will be Held on April 11, 2024, in Washington, DC Wednesday, March 27, 2024 The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 1:30 p.m. to 4:30 p.m. Eastern Time on Thursday, April 11, 2024….
Census Bureau: Business Ecosystem Technology Modernization Effort Announced
At the U.S. Census Bureau, we understand the critical role that technology talent plays in addressing our greatest mission challenges and advancing our capabilities to serve the evolving needs of today’s data users. Our commitment to excellence in data collection, analysis and dissemination requires us to continuously grow and develop our current technology teams, while…
HUD: $17.7 Million Rental Assistance Demonstration Transaction Closed to Improve 100 Rental Homes in Cumberland, MD
Transaction preserves and rehabilitates affordable rental homes for seniors and persons with disabilities. Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Cumberland (HACC). Through the transaction, HACC will finance the preservation…
FHFA: House Price Index Down 0.1 Percent in January 2024; Up 6.3 Percent from Last Year
U.S. house prices fell in January, down 0.1 percent from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.3 percent from January 2023 to January 2024. The previously reported 0.1 percent price increase in December remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
EDA: $2.4 Million Invested to Protect Businesses from Flooding in Roseau, MN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Roseau, Minnesota, construct new stormwater infrastructure that will prevent flooding near local businesses during heavy rain events. This grant will expand the city’s stormwater capacity to minimize the economic disruption to…
EDA: $1.9 Million Invested to Support Business Growth in Tahlequah, OK
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to the city of Tahlequah, Oklahoma, for infrastructure improvements to support business expansion and job creation in the city’s business district. This grant will enable the construction of new parking and support facilities including a…
EDA: $885,000 Invested to Establish Workforce Development Training Program in Lafayette, LA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $885,000 grant to the Lafayette Economic Development Authority, Lafayette, Louisiana, to establish a workforce development training program for in-demand industries at South Louisiana Community College. This grant will support the establishment of Skills Up, a workforce training program focused on the manufacturing,…
CFPB: CFPB Joins Federal and State Agencies in Coordinated Statements on Tech & Enforcement
Today, federal and state agencies, including the Consumer Financial Protection Bureau (CFPB), released agency-specific action statements on tech capacity. These statements reflect concrete actions to increase tech capacity, including actively hiring technologists – which will help enforce the laws on the book and design remedies that work for consumers, workers, small businesses, and others in…