HUD: Fair Housing Investigation Launched into Minneapolis’ Race-Based Housing Plan
The Department of Housing and Urban Development’s (HUD) Office for Fair Housing and Equal Opportunity (FHEO) notified the City of Minneapolis that it has launched an investigation into the city’s comprehensive racialized housing plans, which HUD believes may violate the Fair Housing Act and Title VI of the Civil Rights Act of 1964. “Minnesota is…
HUD: FHA Facilitates Financing for New Hospital in Indian Land, SC
$251.2 million FHA-insured supplemental mortgage delivers capital for Medical University of South Carolina (MUSC) to offer new access to quality acute care hospital services for residents in Northern Lancaster County, SC. Today, the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) announced that it has recently closed a transaction to insure a…
ICBA: Community Banks, Credit Unions Urge Congress to Reject Durbin-Marshall Credit Card Mandates
The Independent Community Bankers of America (ICBA), America’s Credit Unions, and Defense Credit Union Council wrote to express strong opposition to Durbin-Marshall credit card mandates, warning the proposal would harm consumers, small businesses, and community financial institutions while delivering a windfall to the nation’s largest retailers. In the letter, the organizations cautioned that the bill…
ABA: Bank & Credit Union Trades Issue Joint Statement that Credit Card Mandate Would Harm Consumers and Small Businesses
The American Bankers Association, America’s Credit Unions, Association of Military Banks of America, Bank Policy Institute, Community Development Bankers Association, Consumer Bankers Association, Defense Credit Union Council, Electronic Payments Coalition, Independent Community Bankers of America and National Bankers Association issued a joint statement after President Trump expressed support for the Durbin-Marshall credit card mandate: “One…
ABA: Banks Respond to Proposed Cap on Credit Card Interest Rates
The Administration announced plans today to issue an executive order imposing a temporary 10% cap on credit card interest rates. The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America issued a joint statement: “We share the President’s goal of helping Americans access more affordable credit….
CFPB: 2025 Private Education Ombudsman Report on Complaints Released
The 2025 Private Education Loan Ombudsman Annual report analyzes complaints from the prior award year (July 1, 2024 through June 30, 2025) and notes an increase in untimely responses to complaints, as well as an increase in complaints referencing fraud or scams. The report’s recommendations include coordinating inter-agency efforts to target frauds and scammers, inter-agency…
SBA: On One-Year Anniversary of California Wildfires, SBA Extends Disaster Relief Deadlines
Today, on the one-year anniversary of the Los Angeles County wildfires, the U.S. Small Business Administration (SBA) announced it is once again extending disaster relief deadlines for survivors amid state and local permitting delays that have prevented rebuilding for thousands of residents. This action will allow homeowners and business owners to draw down their approved SBA loan…
HUD: FHA Fulfilled Core Mission in Fiscal Year 2025
Mutual Mortgage Insurance (MMI) Fund Report Highlights Solid Financial Performance, Supporting Homeownership for More Than 876,000 Americans The Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) released its fiscal year (FY) 2025 annual reportcovering the financial status of the FHA Mutual Mortgage Insurance (MMI) Fund and its Single Family mortgage insurance programs. FHA…
FDIC: Additional Transparency Provided Regarding Marketing and Sale of Failing Financial Institutions
The Federal Deposit Insurance Corporation (FDIC) has enhanced its public website to increase transparency into the marketing and sale process of failing financial institutions and has posted templates of contractual agreements for transactions to facilitate review in advance of any acquisition opportunities. The information can be found in the Resolutions section of the website at Failing Bank Resolutions | FDIC.gov. …
CFPB: Annual Report of Consumer and Credit Reporting Complaints Issued
An analysis of complaint responses by Equifax, Experian, TransUnion Pursuant to Section 611(e)(5) of the Fair Credit Reporting Act (FCRA), this report summarizes information gathered by the Consumer Financial Protection Bureau (CFPB) regarding certain consumer complaints transmitted by the CFPB to Equifax, Experian, and TransUnion. FULL REPORT Read the full report