FHFA: Proposed Rule Issued on Enterprise Capital Requirements for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed regulation on capital requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule would implement a new framework for risk-based capital requirements and a revised minimum leverage capital requirement for the Enterprises. FHFA suspended regulatory capital requirements after placing the Enterprises…
HUD: Historic Agreement Reached with New York City Housing Authority to Improve Health and Living Conditions
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the Justice Department, and the U.S. Environmental Protection Agency (EPA) reached a Consent Decree with New York City and the New York…
ABA: Foundation Released Bank Guide for Preventing Elder Financial Abuse
Resource available in advance of World Elder Abuse Awareness Day on June 15 Seniors lose approximately $2.9 billion annually to financial abuse – and with baby boomers retiring every day, along with an estimated $12 trillion in wealth transfers expected to take place between generations, that number could continue to grow. In response, America’s banks…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Re-Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today re-opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. Recognizing the Consolidated Appropriations Act, 2018, has extended the CDFI Bond Guarantee Program statutory authority until December 31, 2018, the CDFI Fund has decided to amend the…
HUD: Secretary Carson Kicks Off Envision Center Demonstration in Detroit
Centralized hubs to help HUD-assisted households become self-sufficient U.S. Housing and Urban Development (HUD) Secretary Ben Carson traveled to his hometown of Detroit today to announce the first round of ‘EnVision Center’ designations in 17 communities around the nation. One of Secretary Carson’s signature initiatives, EnVision Centers will offer HUD-assisted families access to support services…
FDIC: Newly Formed Money Smart Advance Team Will Get Early Access to & Training on Updated Money Smart for Adults
FIL-32-2018 Summary: The FDIC has formed the new Money Smart Advance Team (MSAT). Banks that engage in financial education activities, or plan to do so, and who join the MSAT will get an early look at the updated instructor-led Money Smart for Adults curriculum, scheduled for release in September, and other benefits. Statement of Applicability…
FDIC: Jelena Williams Sworn in as 21st Chairman of the FDIC
Jelena McWilliams was sworn in today as the 21st Chairman of the Federal Deposit Insurance Corporation (FDIC). She succeeds Martin J. Gruenberg, who has served on the FDIC Board since August 22, 2005, as Vice Chairman and Acting Chairman before becoming Chairman on November 29, 2012. “It is an honor and a privilege to join…
HUD: June is National Healthy Homes Month
HUD plans month-long activities to create greater awareness around housing and its impact on health Homes and health are inextricably linked together, reflect two of the most basic needs of a society, and serve as an indicator of the strength of the nation. In an effort to help families create healthier living conditions for themselves…
ABA: Celebrating Housing Choices during American Housing Month
In recognition of American Housing Month, the American Bankers Association Foundation and banks across the country are offering consumers valuable housing information throughout the month of June. The ABA Foundation will provide renters and homeowners with tips for choosing the right home, saving for a down payment and preparing a senior to ‘age in place.’…
HUD: National Healthy Home Months Kicks Off with Announcement of Protect our Kids! Campaign
Department-wide enforcement campaign to protect young children from lead poisoning in older housing WASHINGTON – June is National Healthy Homes Month. This year, the U.S. Department of Housing and Urban Development (HUD) is focused on protecting current and future generations of children from exposure to lead-based paint hazards in older homes. HUD Secretary Ben Carson…