CFPB: Rule Finalized To Stop Payday Debt Traps
Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay…
ABA: Banks Accepting Entries for ABA Foundation’s Lights, Camera, Save! Video Contest
Local banks sponsor teen competition WASHINGTON — Banks nationwide are now accepting entries as a part of the American Bankers Association Foundation’s annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants…
HUD: Letter From HUD Secretary Ben Carson To The People Of Texas On Hurricane Harvey Relief
As Texas rebuilds in the wake of Hurricane Harvey, the U.S. Department of Housing and Urban Development (HUD) is committed to ensuring safe, affordable housing for all those affected by the disaster. HUD is tasked with comprehensive, long-term disaster relief and has been working on the front lines in Texas. We are your ear on…
CFPB: eClosing And Buying A Home: Technology’s Role In Closing On A Mortgage
By Noerena Limón Technology is transforming everything; it is changing the way we communicate, the way we access goods and services, and even the way we purchase homes. Soon, more and more consumers may increasingly find themselves being offered technology that allows them to access, sign, and submit mortgage closing documents online. We believe that…
CFPB: Interim Final Rule Issued To Help Mortgage Servicers Communicate With Certain Borrowers At Risk Of Foreclosure
Bureau Also Seeks Comment on Separate Proposed Rule Modifying Timing Requirements for Bankruptcy Periodic Statements The Consumer Financial Protection Bureau (CFPB) today issued an interim final rule and a proposed rule to provide mortgage servicers more flexibility and certainty around requirements to communicate with certain borrowers under the Bureau’s 2016 mortgage servicing amendments. The interim…
FDIC: 2017 Results of Summary of Deposits Survey Released
The Federal Deposit Insurance Corporation (FDIC) today released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2017. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 89,000 domestic offices operated by more than 5,700 FDIC-insured…
CFPB: Not Sure How To Talk Money With Your Kids? Start By Playing To Your Strengths
You might have reasons that you haven’t yet started to talk about money with your children. It might feel awkward, boring, preachy, or difficult. You might not know where to start, or when it’s the right time. But you probably know it’s important to start. We have tips to help You can have conversations that…
CDFI Fund: FY 2017 Funding Round Of BEA Program Open
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation the publication of the FY 2017 Notice of…
Census Bureau: 2015 Statistics On U.S. Businesses Released
Today the U.S. Census Bureau released the 2015 Statistics of U.S. Businesses data tables by establishment industry. This release includes single-year estimates of the number of firms, number of establishments, employment and annual payroll. Data are presented by state, industry and enterprise employment size. No news release associated with this product. Tip Sheet only.