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2023 Roundup: Federal Policy Developments in Neighborhood Revitalization 

Center for Community Progress

FHA Improvements to the 203(k) Rehab Mortgage Program The 203(k) rehab mortgage program allows a person to buy a house that needs to be rehabbed or modernized by consolidating the finance of the home purchase and cost of rehabilitation through a single mortgage. It also lets homeowners finance the rehabilitation of their existing home. 

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How the education sector can safeguard students using generative AI

Open Access Government - Technology News

Definite ‘safety rails’ that describe effective practice could help to dispel anxiety and reduce guilt. The technology is advancing at a pace that regulators struggle to match. The Online Safety Bill now passing through the House of Lords may soon be outdated. Legislation and guidance take time and experience to draft.

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Episode 71: CRA Tips: CRA Services-What exactly does the provision of financial services mean?

CRA Today

link] In the past, regulations narrowly defined the provision of financial services. Here, we cover the updated definition of the provision of financial services to expand eligible community development service activities. Episode 71: CRA Tips: CRA Services-What exactly does the provision of financial services mean?

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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

Introduction The Federal Home Loan Bank (FHLB) System 1 is a relatively unknown but important part of America’s housing and financial system, with over $1 trillion in assets. Together, parts 1 and 2 of the analysis are essential to understand the FHFA Report and how its proposed reforms are most definitely needed.

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How Can Agencies Mitigate Risks of Using AI?

GovLoop

And the overwhelmingly bipartisan law established a new working group charged with adopting a Connecticut-specific AI bill of rights based on a White House AI Bill of Rights blueprint. Among other objectives, the working group will make recommendations for additional AI legislation.

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Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability

The Stoop (NYU Furman Center)

6 The regulations covering NMSs do not subject them to strong enough prudential regulatory requirements to ensure they can operate in a safe and sound manner even during times of significantly adverse economic and market circumstances. The Report notes, by contrast, that the regulations that apply to banks are designed to do just that.

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How will the UK Cyber Essentials Scheme change in April 2023?

Open Access Government - Technology News

Updates to the UK Cyber Essentials Scheme For this reason, cyber regulations have had to evolve. According to the NCSC , some of the key updates include: Clarification on firmware : We will change all firmware from being included in the definition of ‘software’ to just router and firewall firmware due to difficulties with vendor information.