Advocacy News

E-News 5-3-24 FEDERAL GOVERNMENT RELATIONS Housing Agencies Release New Requirements to Reduce Appraisal Bias The Federal Housing Administration and Federal Housing Finance Agency announced Wednesday new policies allowing borrowers to challenge property appraisals if they believe they were inaccurate or biased. FHA's new requirement for lenders participating in its single-family mortgage program will enable borrowers to request a re-assessment if they believe bias was involved. At the same time, FHFA's new reconsideration of value, or ROV, policies at Fannie Mae and Freddie Mac will let borrowers...
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E-News 4-26-24 STATE GOVERNMENT RELATIONS Lt. Gov. Crouch, IHCDA Announce Funding for Housing Youth Exiting Foster Care According to an announcement by the Indiana Housing and Community Development Authority, Hoosier youth aging out of the foster care system will soon have access to an estimated 60 affordable rental housing units at locations in Goshen, Indianapolis, Jeffersonville and Merrillville.  Read the announcement La Keisha Jackson Wins Caucus to Succeed Sen. Breaux Indianapolis City-County Councilor La Keisha Jackson was victorious in a Democratic caucus to replace the...
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E-News 4-19-24 FEDERAL GOVERNMENT RELATIONS FinCEN: Financial Institutions Reported $27B in Elder Financial Exploitation Financial institutions reported roughly $27 billion in suspicious activity related to elder financial exploitation during a one-year period from 2022 to 2023, the Financial Crimes Enforcement Network said Thursday in a new financial trend analysis based on Bank Secrecy Act reports. FinCEN identified two predominant categories of reported victimization: elder scams, where the victim does not know the perpetrator; and elder theft, where the victim knows the perpetrator. Banks filed 72...
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E-News 4-12-24 FEDERAL GOVERNMENT RELATIONS SEC Pauses Enforcement of Climate Disclosure Rule The Securities and Exchange Commission last week issued a stay on enforcement of its climate disclosure final rule while federal courts consider several challenges to the regulation brought by businesses and business groups. The rule, which was approved by the SEC in March, would require companies to disclose material climate-related risks, activities to mitigate or adapt to such risks, and information about the board’s and management’s oversight of risks. Several entities have since sued the SEC challenging...
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