Tag Archives: Financial Markets and Community Investment

What can the Great Recession teach us about rent affordability in the age of Coronavirus?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief to some homeowners. But what about renter households? In the wake of the COVID-19 pandemic, millions of Americans have lost their jobs and are struggling to make rent payments. … Continue reading

Image | Posted on by | Tagged , , , , , ,

Reverse Mortgages Present Benefits and Risks for Senior Homeowners

You’ve seen them advertised on T.V. and asked, “What is a reverse mortgage?” A reverse mortgage is a loan available to senior homeowners (62 years and older) that allows them to convert part of the equity in their homes into … Continue reading

Image | Posted on by | Tagged , , , , , , ,

CARES Act provides relief to some homeowners during coronavirus outbreak

Help is coming for some Americans, who are falling behind on their mortgage payments as a result of economic disruptions caused by the COVID-19 (coronavirus) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , ,

Deterring Financial Crime with the Bank Secrecy Act

Money laundering, terrorist financing, and other illicit activities pose threats to national security and the integrity of the U.S. financial system. The Bank Secrecy Act (BSA) requires financial institutions—such as banks and money transmitters—to verify customers’ identities and report suspicious … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , , , , , , , , , , , , ,

Lead Safety at Home and in School

Exposure to lead can harm a child’s brain, growth, behavior, and ability to learn. No safe blood lead level in children has been identified, according to the Centers for Disease Control and Prevention. The most common source of lead exposure … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , , , , , , , , , , , ,

The Decentralized Structure of the Federal Reserve System

This week, a key component of the Federal Reserve System—the Federal Open Market Committee (FOMC)—will meet to review U.S. economic and financial conditions and determine monetary policy. In today’s WatchBlog, we explore how the Federal Reserve System is structured and … Continue reading

Image | Posted on by | Tagged , , , , ,