CFPB: Rule Finalized to Remove Medical Bills from Credit Reports
Final rule will remove billions of dollars of medical bills from credit reports and end coercive debt collection practices that weaponize the credit reporting system Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPB’s action…
FEMA: $1.35 Billion Announced to Increase Climate Resilience Nationwide
Today, FEMA Administrator Deanne Criswell announced that as part of President Joseph R. Biden’s Investing in America Agenda, FEMA is making $1.35 billion available for two grant programs designed to help communities enhance resilience to the impacts of increasingly frequent and extreme weather events. The Building Resilient Infrastructure and Communities (BRIC) annual grant program is making $750 million available for projects that…
HUD: Over $140 Million Invested to Support Families Achieving Economic Self-Sufficiency
Funding through the Family Self-Sufficiency (FSS) program empowers families to build savings, gain employment, and achieve financial independence. The U.S. Department of Housing and Urban Development (HUD) today announced over $140 million in funding to 836 existing grantees through the Family Self Sufficiency (FSS) Program. These awards will fund 1,537 service coordinator positions across the…
Federal Reserve: Michael S. Barr to Step Down as FRB Vice Chair for Supervision on February 28th but Will Continue to Serve as Governor
The Federal Reserve Board announced on Monday that Michael S. Barr will step down from his position as Federal Reserve Board Vice Chair for Supervision, effective February 28, 2025, or such earlier time as a successor is confirmed. Barr will continue to serve as a member of the Federal Reserve Board of Governors. Barr, who…
ABA: American Bankers Association Launches Yearlong Campaign Celebrating 150th Anniversary
In honor of the American Bankers Association’s 150th anniversary in 2025, ABA today kicked off a yearlong celebration of this milestone moment for the nation’s largest and oldest banking trade association. Among other anniversary initiatives, ABA launched a new 150th anniversary webpage with an interactive timeline tracing key moments and accomplishments over ABA’s long and proud history…
SBA: Financial Relief Offered to Louisiana Businesses Impacted by New Year’s Tragedy in New Orleans
Biden-Harris Administration quickly deploying resources to assist all those impacted by horrific attack In response to the request from Louisiana Gov. Jeff Landry, the U.S. Small Business Administration (SBA)announced that small businesses and private nonprofit organizations (PNPs) in Louisiana may now apply for federal disaster loans to offset economic losses caused by the mass casualty incident that…
HUD: $40 Million Awarded to Prevent Evictions and Homelessness
The funding will deliver legal assistance to tenants facing eviction. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $40 million in funding to 21 recipients to help support housing stability and prevent evictions and homelessness through the Eviction Protection Grant Program (EPGP), a first-of-its-kind federal program designed to expand the reach of…
HUD: More Than $226 Million Awarded to Protect Families from Home Health Hazards
HUD welcomes the new year with funding to make homes safer. The U.S. Department of Housing and Urban Development (HUD) today awarded more than $226 million to state, county, city, and Tribal governments, and to non-profit organizations, to protect children and families from home health hazards. This funding is awarded to entities across 33 states,…