CFPB: Latest List of Consumer Reporting Companies Published
You may know that your credit record affects your ability to get an affordable loan, a job, an apartment, or many other essentials of daily life. But, do you know where and how to actually request your credit report and what you can do once you order your consumer reports? Over the past few years,…
SBA: Deadline Extended for 2019 National Small Business Week Awards Nominations
Due to the federal government shutdown, the U.S. Small Business Administration has extended the deadline for the 2019 National Small Business Week Awards nominations. Now, all nominations must be submitted no later than 3 p.m. EST, February 4, 2019. Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for…
HUD: Funding Renewed to Thousands of Local Homeless Programs
$2 billion to renew existing grants to 5,800 community-based housing and service providers The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $2 billion to renew support to thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care grants will provide critically needed support to 5,800 local programs on…
OCC: Agency Promotes Earned Income Tax Credit Awareness Day
To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 25. “The Earned Income Tax Credit is a valuable tax break that can help the financial outlook of hard-working, American families,” said Comptroller…
ABA: Finxact, an Emerging Core Banking Technology Provider, Receives Investment from ABA
Investment Reflects ABA Member Interest in More Flexible Core Platforms The American Bankers Association today announced a direct investment in Finxact, an emerging technology company that offers an innovative, open core banking platform for financial institutions. The investment in Finxact reflects ABA’s commitment to ensuring that member banks have the technology and tools they need…
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…
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…
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…