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Financial Services Law Insights and Observations

CFPB joins Census Bureau's tech sprint

Federal Issues CFPB Covid-19 HUD Techsprint Consumer Finance

Federal Issues

On August 18, the CFPB announced that the Bureau will participate in the Census Bureau’s The Opportunity Project (TOP) “The World Post COVID-19” tech sprint program, comprised of six tech sprints that will focus on post-pandemic challenges. The CFPB is partnering with HUD to lead a tech sprint regarding post-pandemic housing challenges. According to the CFPB, participants will “develop innovative tools to raise the visibility of housing assistance resources” and connect individuals experiencing housing insecurity to such resources. The goal is for “housing assistance resources to land in the hands of landlords, particularly small ones, because, often, they are not prepared to weather significant financial hardships, such as tenants being unable to pay rent, and have fewer resources to manage the demands of running a business,” the CFPB stated.

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