Tag Archives: FMCI

The Wave of Concerns Facing the National Flood Insurance Program

Congress created the National Flood Insurance Program in 1968 to protect homeowners and alleviate taxpayers’ exposure to flood losses. However, the growing magnitude of major flood events, combined with attempts to keep homeowners’ policy rates affordable, threaten the program’s solvency … Continue reading

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Fighting Money Laundering with the Bank Secrecy Act

Money launderers beware: The Financial Crimes Enforcement Network (FinCEN)—an agency within the Department of Treasury—has many ways of collecting information on financial activities, making life harder for criminals to hide their illicit cash. Today’s WatchBlog looks at 2 recent reports … Continue reading

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How Do Environmental, Social, and Governance Factors Relate to Investing?

Nonfinancial information about how companies operate can be an indicator of their long-term financial performance. This information includes how companies address environmental, social, and governance (ESG) factors. ESG factors include things like climate change impacts and cybersecurity programs that may … Continue reading

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How COVID-19 Could Aggravate the Homelessness Crisis?

The growing homelessness crisis in the U.S. could be worsened by the COVID-19 pandemic. While data on the impact COVID-19 is having on homelessness are not yet available, Congress has already made efforts mitigate its effects through passage of the … Continue reading

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On the 100th Anniversary of the Women’s Vote, the Debate on Equality Issues Continues

One hundred years ago, on August 18, 1920, Tennessee voted—by a slim margin of 50 to 47—to approve the women’s voting amendment. Tennessee was the last state needed to ratify the 19th Amendment. Ratification of the women’s vote in 1920 … Continue reading

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Homeownership During A Recession

The current economic recession caused by the COVID-19 pandemic could make it more difficult for some people to purchase their first home, or for out-of-work homeowners to pay their mortgages. The last recession—the Great Recession (2007-2011)—led to nearly a decade … Continue reading

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Targeting Federal Funding to Areas Experiencing Significant Poverty (interactive graphic)

Areas with high poverty rates can face systemic problems—like higher levels of crime and school dropouts—that can make it more difficult for residents to get out of poverty. To help, some federal agencies have been required to use at least … Continue reading

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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

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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

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As COVID-19 aid arrives, be on the lookout for scams

[Correction—This blog has been corrected to indicate that FDA has approved a home test collection kit, as of May 8, 2020.] As individuals, employers, and agencies await aid from the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, … Continue reading

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