September 1, 2017
- The Consumer Financial Protection and Bureau (CFPB) gave several warnings to a California based company that purported to help individuals repair their credit. However, the CFPB alleges the company illegally charged customers while “helping” to repair their credit. Initially, various executives received a fine for their alleged acts, but presently the regulatory agency insists that Prime Marketing Holdings be permanently banned from “assisting” in repairing credit.
- The United States Housing and Urban Development halted the “implementation Small Area Fair Market Rents (SAFMR) rule.” The SAFMR rule attempts to transfer families in lower-income neighborhoods to higher-income neighborhoods so that the families can have access to better employment and better schools. As Obama departed from office, he approved the creation of SAFMR to, “help empower families by ensuring that they have the tools they need to succeed.”