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How one CDFI is navigating the chaos in Minneapolis

CDFIs, Politics, Politics and policy /

Key insight: WomenVenture, a Minneapolis-based Community Development Financial Institution, has assisted 108 small businesses seeking emergency assistance as federal immigration enforcement operations strain revenues and workforces across Minnesota. Forward look: The organization is establishing an emergency rapid response fund with other Minnesota CDFIs and community foundations, while navigating uncertainty around the CDFI Fund, which provides […]

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Trump executive order overrides Los Angeles wildfire rebuilding plan

California, Donald Trump, FEMA, Housing Market, HWmember, Los Angeles, Natural Disaster, Politics, Wildfire /

President Donald Trump on Tuesday announced an executive order that allows the federal government to override state and local regulations during recovery efforts from last year’s Los Angeles wildfires, arguing that California authorities have slowed rebuilding. The order directs federal agencies to bypass state and local permitting processes for federally funded disaster recovery projects, asserting

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Trump’s 401(k) proposal could help homebuyers, hurt retirement funds

Affordability, Donald Trump, Down Payment Assistance, Homeownership, HWmember, LendingLife, Mortgage, Politics, Retirement, Trump administration /

President Donald Trump’s expected proposal to allow Americans to tap their 401(k) retirement accounts without penalties to fund down payments could ease one of the biggest barriers to homeownership, but it could come at the cost of weakening long-term retirement security. The idea was absent from Trump’s speech on Wednesday at the World Economic Forum

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Trump, again, calls on Congress to cap credit card rates

Credit cards, Politics, Politics and policy /

Key insight: Trump continued to call on Congress to pass credit card legislation.  Expert quote: “Whatever happened to usury?”  — President Donald Trump. What’s at stake: Earlier in the day, JPMorganChase CEO Jamie Dimon said that a 10% rate cap would be an “economic disaster.”  WASHINGTON — President Donald Trump in Davos, Switzerland, renewed his

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DOJ investigation clouds future of Fed chair nomination

Department of Justice, Donald Trump, Federal Reserve, HWmember, Jerome Powell, Legal, Politics, Regulatory, Trump administration /

The future of the Federal Reserve‘s leadership is in limbo due to an investigation into current Fed Chair Jerome Powell that has prompted bipartisan backlash. Following the news about a Department of Justice (DOJ) probe into Powell, Sens. Thom Tillis (R-N.C.) and Elizabeth Warren of (D-Mass.) accused Trump of using the DOJ to pressure Powell

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MBA hires Jeremy Green as VP of legislative affairs

HWmember, Mortgage, Mortgage Bankers Association, National Association of Realtors, People Movers, Politics, Team Leaders /

The Mortgage Bankers Association (MBA) on Friday announced the appointment of Jeremy Green as the trade group’s vice president of legislative affairs. In his new role, Green will focus on advocating for MBA’s policy priorities in Washington, D.C., with a primary focus on Democratic lawmakers in the U.S. Senate. “Jeremy brings to MBA a proven

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DOJ opens criminal investigation into Federal Reserve and Powell

Donald Trump, Federal Reserve, HWmember, Jerome Powell, Mortgage Rates, Politics /

The Department of Justice served the Federal Reserve with grand jury subpoenas on Friday, threatening a criminal indictment over Fed Chair Jerome Powell’s Congressional testimony last summer, Powell said Sunday. The testimony was about the Fed’s $2.5 billion renovation of its D.C. headquarters, but Powell said in a video released on the Federal Reserve website

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Federal judge orders Trump administration to seek money for CFPB

CFPB, Politics, Regulatory, Trump administration /

A federal judge on Tuesday ruled against the Trump administration as it seeks to shut down the Consumer Financial Protection Bureau (CFPB) by refusing to fund it. The judge ordered the administration to continue to seek funding for the bureau, which was created by Congress but is funded through the Federal Reserve. The Trump administration

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Spanberger unveils Virginia housing affordability plan

Affordable housing, Homebuilders, Housing Policy, HWmember, Policy, Politics, The Builder's Daily, Virginia /

Affordability has become the defining test of political electability today. From housing to groceries, voters increasingly judge candidates by their ability to reduce everyday costs.​ Virginia Gov.-elect Abigail Spanberger (D) focused on improving affordability during her campaign. To follow through, she rolled out a housing agenda that leans heavily on preservation of existing affordable homes,

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Poll finds broad support for independent Social Security commission

Congress, HWmember, Politics, Reverse, Social Security, Social Security Administration /

A recent Cato Institute survey of 2,000 adults found strong bipartisan support for creating an independent, nonpartisan commission with authority to address Social Security’s long-term funding shortfall. Seventy-one percent of respondents said they favor Congress establishing such a body, reflecting broad frustration with lawmakers and growing openness to an alternative decision-making process. Support cuts across

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