CDFI Fund: Waitlist Opens for Minority CDE Training and Technical Assistance Initiative
The Community Development Financial Institutions Fund (CDFI Fund) has contracted with National Community Investment Fund (NCIF) to provide group training and individual technical assistance to Minority Community Development Entities (Minority CDEs). The purpose of the training and subsequent technical assistance is to ensure full understanding of how Minority CDEs can participate in the New Markets Tax Credit…
CFPB: Buy a Home? The First Step is to Check your Credit
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on Facebook…
HUD: American Housing Survey Results for 25 Metro Areas Released
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau released the results of the 2015 American Housing Survey focusing on 25 metropolitan areas across the country. The data released today includes detailed information on everything from monthly housing costs, hunger, and neighborhood characteristics including crime and the…
OCC: Report Discusses Risks Facing National Banks and Federal Savings Associations
WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today. Highlights from the report include: Strategic risk remains high as banks consider business model changes and face challenges in growing revenue. Strategic planning remains important…
CFPB: Four Tips to Help Older Student Loan Borrowers Navigate Common Problems with their Student Loans
Today, we released a report that shows that older Americans now carry an unprecedented amount of student loan debt into retirement. The report shows that over the last decade, the number of older student loan borrowers has quadrupled in the United States. The amount that these borrowers owe has also dramatically increased. Between 2005 and 2015, consumers…
CFPB: Student Loan Servicing Problems Can Jeopardize Long-Term Financial Security for Older Borrowers
Growing Concerns as Number of Older Student Loan Borrowers Quadruples, Amount of Debt Per Senior Borrower Doubles in Last Decade WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report that examines complaints from older student loan borrowers about servicing practices that can jeopardize their long-term financial security. In the last decade, the…
HUD: HUD, DOE and Nonprofit Partners Launch Book-Rich Environments Initiative
WASHINGTON – In an effort to promote literacy and boost educational outcomes for kids in public housing across the country, the U.S. Departments of Housing and Urban Development (HUD) and Education (ED) are joining forces with the Campaign for Grade-Level Reading (GLR), the National Book Foundation (NBF) and the Urban Libraries Council (ULC) to launch…