HUD: $231,000 Invested to Install Solar on Rental Homes for Calais, ME Seniors
Newly closed Green and Resilient Retrofit Program transaction will fund installation of rooftop solar system. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $231,623 Green and Resilient Retrofit Program (GRRP) transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes at the St. Croix…
EDA: U.S. Department of Commerce Announces 12,000 American Workers Placed into Jobs Through the Good Jobs Challenge
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced more than 12,000 American workers have been trained and placed into jobs through the Good Jobs Challenge. The program, initially funded by the Biden-Harris Administration’s American Rescue Plan, is investing a historic $500 million into high-quality, locally-led workforce training programs across the country. The Good…
CFPB: Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges
Debt relief recipients report being able to make beneficial changes in their lives; many borrowers still unaware of repayment options Today the Consumer Financial Protection Bureau (CFPB) issued its first results from its Student Loan Borrower Survey, providing insights into the effects of student loan debt relief programs and the challenges borrowers face in navigating…
CFPB: Pilot Study Finds Differential Treatment in Small Business Lending Markets
Lenders less likely to encourage Black entrepreneurs and more often steer them toward alternative financing Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans. The research found that Black entrepreneurs received less encouragement to apply for a loan and…
FDIC: Survey Finds 96 Percent of U.S. Households Were Banked in 2023
Record low 5.6 million households remain unbanked Nearly 96 percent of all U.S. households were banked in 2023, according to just-released national survey by the Federal Deposit Insurance Corporation (FDIC). The 2023 FDIC National Survey of Unbanked and Underbanked Households found that 4.2 percent of U.S. households (representing 5.6 million households) lacked a bank or credit union account. …
CFPB: Report Details Carveouts for Financial Institutions in State Data Privacy Laws
Gaps in consumer protections pose risks as companies increasingly build business models to make money from personal financial data The Consumer Financial Protection Bureau (CFPB) today released a report examining federal and state-level privacy protections for consumers’ financial data. The report notes that protections under federal regulations for financial data have limits. Yet, many new state data…
ABA: National Survey Finds Majority of U.S. Consumers Think Congress Should Hold Credit Unions Accountable to Same Legal Standards as Banks
U.S. consumers believe federal credit unions should be held accountable for meeting the same legal standards as the banks they compete with for customers every day, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. In addition, three times as many consumers believe credit unions should pay federal…
HUD: Veteran Homelessness Drops to Lowest on Record
Today, the U.S. Interagency Council on Homelessness (USICH), U.S. Department of Housing and Urban Development (HUD), and U.S. Department of Veterans Affairs (VA) announced that veteran homelessness has dropped to its lowest level on record since the annual Point-in-Time (PIT) started counting this data in 2009. The 2024 PIT data-which will be published by HUD…
FHFA: FHLB Bank Parnterships with Fannie Mae and Freddie Mac Announced to Expand Housing Access for Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities. In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access…
Census Bureau: New Report Released on U.S. Veterans and Service-Connected Disabilities
The share of U.S. veterans with service-connected disabilities increased from 15% in 2008 to about 30% in 2022, according to a new report released today by the U.S. Census Bureau. The report, Trends in Veteran Disability Status and Service-Connected Disability: 2008–2022, investigates disability among veterans of the U.S. armed forces and how they compared to the broader…