HUD: Aid Offered to California Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of California and ordered federal assistance for state, tribal, and local recovery efforts in areas affected by wildfires and straight-line winds beginning on January 7, 2025, and continuing.President Biden issued a major disaster declaration in the State of…
HUD: $10 Million Funding Opportunity Announced to Support Housing and Community Development Research at Minority-Serving Institutions
Funding available for Historically Black Colleges and Universities, Hispanic-Serving Institutions, Tribal Colleges and Universities, and Alaska Native/Native Hawaiian-Serving Institutions. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $10 million in funding through its Office of Policy Development & Research (PD&R) to support eligible minority-serving institutions (MSIs) in researching critical housing and…
CFPB: Input Sought on Digital Payment Privacy and Consumer Protections
Agency invites public to comment on financial surveillance concerns and how to apply existing laws to emerging consumer payment mechanisms Today, the CFPB announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered through large technology platforms. The agency is requesting comment on implementing…
HUD: $12 Billion Invested in Long-Term Assistance to Communities Impacted by Disasters
Funds will support recovery from Lahaina Wildfire, Hurricane Helene, Hurricane Milton, and other 2023 & 2024 disasters Today, the U.S. Department of Housing and Urban Development (HUD) announced the allocation of nearly $12 billion in Community Development Block Grant-Disaster Recovery (CDBG-DR) funds for communities across 24 states and territories. To provide guidance for the implementation…
ABA: ABA and BAFT Announce Plans for Separation in 2025
The American Bankers Association (ABA) and BAFT, the leading global financial services association for international transaction banking and an ABA subsidiary, today announced their mutually agreed upon plans to separate in the second half of 2025. While ABA and BAFT have worked together successfully since 2002, BAFT’s global footprint and overseas opportunities have expanded in…
FEMA: President Biden Approves Major Disaster Declaration for California
FEMA announced that federal disaster assistance is available to the state of California to supplement recovery efforts in the areas affected by wildfires and straight-line winds from Jan. 7, 2025, and continuing. The President’s action makes federal funding available to affected individuals in Los Angeles County. Assistance can include grants for temporary housing and home…
HUD: Financing Flexibility Increased for Multifamily Affordable Housing Development
Updates to Federal Housing Administration (FHA) Multifamily Mortgage Insurance helps lenders and developers increase the supply of affordable rental housing in America. The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA), announced updated requirements for several of its multifamily mortgage insurance programs. During the Biden-Harris Administration, FHA has prioritized…
HUD: Affordable Housing Regulations Streamlined and Modernized Making Housing More Accessible for Families Nationwide
The Final Rule for HUD’s HOME Investment Partnerships Program will reduce administrative burden on communities, better align federal resources, and lower housing costs for families nationwide. Today, the U.S. Department of Housing and Urban Development (HUD) published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). HOME…
CFPB: Application Approved from Financial Data Exchange to Issue Standards for Open Banking Under Personal Financial Data Rights Rule
Agency also issues updated procedures for companies requesting special regulatory treatment Today, the Consumer Financial Protection Bureau (CFPB) issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule. The order of recognition is the first to be issued under the rule. The Personal Financial Data…
FEMA: Public Assistance Guide Published to Enhance Disaster Recovery in Communities
Today, FEMA published an updated version of the Public Assistance Program and Policy Guide which is the agency’s consolidated resource for Public Assistance policies that establish how states, Tribal Nations, local governments, territories and certain private nonprofits can recover and rebuild using federal funds after disasters. This guide applies to disasters declared on or after Jan. 6,…