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Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeking to offer new and ground-breaking technologies.
Regulatory Announcements
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As discussed previously (December 2020, February and March 2021), per Section 501 of Congress’s Coronavirus Response and Relief Supplemental Appropriations Act 2021, $25 billion in rental assistance funds are being distributed to states and larger cities and counties as part of the Emergency Rental Assistance Program (ERAP).
Iowa’s application process for
tenants for its ERAP funds went live on Monday, March 29, and now,
landlords may also apply directly for these funds. Details are below.
Landlords Can Now Apply Directly
Iowa’s new rental assistance program allows landlords to apply for funding on behalf of tenants who have suffered financial hardship due to COVID-19. The initiative, called the Iowa Rent and Utility Assistance Program, provides assistance in the form of direct payments to landlords.