CDFI Fund: “Access to Capital and Credit in Native Communities” Data Release Now Available
Today, the Native Nations Institute released a Data Review to accompany the Access to Capital and Credit in Native Communities Report (the Report) commissioned by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The Data Review helped set the stage for the Report by collecting data regarding access to capital and credit in American…
ABA: Foundation Launches Social Media Contest for Lights, Camera, Save! Finalists
Cast your vote for ‘Savers’ Choice’ by Feb. 8 WASHINGTON — The American Bankers Association Foundation is hosting a social media contest to allow viewers nationwide to vote for their favorite Lights, Camera, Save! video entry. Lights, Camera, Save! is an annual video contest that encourages teen participants to produce a short film that communicates…
CFPB: How to Decide How Much to Spend on Your Down Payment
One of the toughest parts of buying a home for the first time is coming up with a down payment. You may have heard that in order to buy, you should have 20 percent of the total cost of the home saved up for the down payment. Actually, you can choose how much to put…
CFPB: Debt Relief Attorneys Sued for Collecting Illegal Fees from Struggling Consumers
WASHINGTON, D.C. – The Consumer Financial Protection Bureau today took action against a ring of law firms and attorneys who collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleges that Howard Law, P.C., the Williamson Law Firm, LLC, and Williamson & Howard, LLP, as well as…
OCC: Supporting Earned Income Tax Credit Awareness Day
WASHINGTON — Comptroller of the Currency Thomas J. Curry issued the following statement recognizing Earned Income Tax Credit (EITC) Awareness Day. The Office of the Comptroller of the Currency (OCC) is pleased to support Earned Income Tax Credit Awareness Day, a nationwide effort to educate the public about a valuable tax benefit for working families…
CFPB: Tips for Student Loan Borrowers
We frequently hear from borrowers and cosigners, including veterans and servicemembers, who are working hard to stay on track and pay off their student loans but are struggling to get the information and the help they need from their student loan servicer. With this in mind, we put together these tips to help consumers tackle…
ABA: 8 Was to Protect Your Data Online
WASHINGTON — In recognition of National Data Privacy Day, Jan. 28, the American Bankers Association is highlighting eight tips to help online users protect their data and guard against online threats. “Cyber thieves are using social media profiles to gather personal information and use it to commit fraud,” said Doug Johnson, ABA’s senior vice president…
CDFI Fund: Register for FY 2017 CDFI Bond Guarantee Program Workshop
The CDFI Fund and the Office of the Comptroller of the Currency will co-sponsor one (1) two-day workshop for potential applicants pertaining to the CDFI Bond Guarantee Program’s fiscal year (FY) 2017 Qualified Issuer and Guarantee Application requirements. Specifically, the workshops will review the CDFI Bond Guarantee Program’s structure and include in-depth discussions on the…
HUD: New Residential Sales in December 2016 Report Released
WASHINGTON – Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000, according to estimates released jointly today by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 10.4 percent (±12.2%)* below the revised November rate of 598,000 and is 0.4 percent (±11.7%)*…
FDIC: Answers to Common Questions on How to Avoid Financial Mistakes and Protect Your Money
Each year, thousands of consumers contact the FDIC with questions about financial services and products such as mortgages, checking accounts and credit cards. The Winter 2017 FDIC Consumer News focuses on common concerns we hear from consumers and offers tips for solving and avoiding problems. Some topics include: What to do if a credit card bill shows…