CFPB: New Credit Monitoring, Medical Debit Restrictions and Mortgage Protections for Servicemembers and Veterans
Free credit monitoring, medical debt credit reporting restrictions, and mortgage protections for those recently back from active duty In May 2018, new protections for servicemembers and veterans were signed into law . The Federal Trade Commission (FTC) and the Bureau previously highlighted the new federal law that went into effect on September 21, 2018 requiring…
HUD: 2018 Year in Review Highlighting Accomplishments Released
Today, the U.S. Department of Housing and Urban Development (HUD) released its 2018 Year in Review outlining the major accomplishments of the agency under Secretary Ben Carson. “Over the past year, the Trump Administration has continued to deliver on its promise to create greater economic opportunity for low-income families and encourage reinvestment in underserved communities,”…
CFPB: Bureau Releases Sixth Annual Report from the Office of Servicemember Affairs
I am pleased to offer the sixth annual report from the Office of Servicemember Affairs (OSA) highlighting issues and emerging trends facing servicemembers, veterans, and military families (collectively referred to as “servicemembers” in this report). The Consumer Financial Protection Bureau (CFPB) and the OSA are committed to ensuring that servicemembers have high levels of financial…
CFPB: Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act
Consumer Financial Protection Bureau Director Kathleen L. Kraninger today issued the following statement announcing that she has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military Lending Act (MLA). “The Bureau is committed to the financial well-being of America’s service members. This commitment includes ensuring that lenders subject to…
HUD: Report Shows Homelessness Unchanged in U.S. in 2018 with Notable Declines among Veterans and Families with Children
Homelessness in the U.S. remained largely unchanged in 2018, according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent since last year. Meanwhile, homelessness…
HUD & VA: Additional Support Announced to Help Homeless Veterans Find Permanent Homes
Second Round of HUD-VASH vouchers to provide housing for veterans and their families In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce a second round of funding to help provide permanent homes to veterans and their…
ABA: Free Career Training for Veterans, Transitioning Military Members and Military Spouses Unveiled
As the nation honors veterans this week for their service to the country, the American Bankers Association is launching a new training initiative designed to make it easier for those who serve to make the transition to banking. Today ABA released Transitioning Careers – Basic Bank Training for Veterans, a free, online training program specifically…
SBA: Report Shows Veteran-Owned Small Businesses Face More Financing Challenges than Non-Veteran Small Businesses
New report presents substantial data on Veteran-Owned companies’ capital access challenges; Cites smaller loan requests, higher credit risk and lack of Information as possible causes WASHINGTON – The Federal Reserve Bank of New York and the U.S. Small Business Administration today issued the report Financing their Future: Veteran Entrepreneurs and Capital Access. The report provides a…
HUD: Trump Administration Announces Decline in Veteran Homelessness
Number of homeless vets drops 5.4% since last year and by nearly half since 2010 Veteran homelessness in the U.S. continues to decline according to a new national estimate announced today by U.S. Housing and Urban Development (HUD) Secretary Ben Carson. HUD’s Annual Homeless Assessment Report finds the total number of reported veterans experiencing homelessness…
SBA: National Veterans Small Business Week Kicks Off November 5-9
The U.S. Small Business Administration will celebrate the accomplishments of veteran, service member and military spouse small business owners nationwide during National Veterans Small Business Week, Nov. 5-9. “National Veterans Small Business Week is another opportunity for us not only to highlight the success of our nation’s 2.5 million veteran-owned businesses, but also to recognize…