ABA: Bank Economists Expect Credit Conditions to Weaken over Next Six Months as Inflation Moderates
Bank economists expect credit conditions to soften over the next six months as the economy slows and the Federal Reserve considers additional steps to rein in inflation, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest report finds slightly less pessimistic near-term expectations for business and consumer credit quality and…
Census Bureau: AmeriCorps Civic Engagement and Volunteering Supplement Released
The U.S. Census Bureau and AmeriCorps, the federal agency for national service and volunteerism, announced the release of the 2021 Current Population Survey (CPS), Civic Engagement and Volunteering (CEV) Supplement Microdata File. It is the most robust longitudinal survey about volunteerism and other forms of civic engagement in the United States. The data can support evidence-based decision-making…
Census Bureau: Household Pulse Survey Phase 3.7 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.7 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to inform federal and…
ABA: CFPB Cautioned to Tread Carefully on Personal Financial Data Rulemaking
In a new comment letter filed today, the American Bankers Association urged the Consumer Financial Protection Bureau to “tread carefully” in its rulemaking under Section 1033 of the Dodd-Frank Act and to “recognize the deep complexities at the heart of personal financial data rights and the need to strike a harmonious balance between consumer interests…
FEMA: Calaveras County Added to California Major Disaster Declaration
Calaveras County has been added to the major disaster declaration for California’s severe storms and flooding, meaning residents who had damage or losses from the storms that began Dec. 27, 2022, may now apply for FEMA disaster assistance. The federal disaster declaration now allows FEMA to provide direct support to individuals and households in eight…
CFPB: Public Input Sought on Consumer Credit Market
Feedback from consumers, industry, advocates will help inform biennial credit card market report The Consumer Financial Protection Bureau (CFPB) issued a request for information today seeking public feedback on how the consumer credit market is functioning as part of a biennial review of the industry. The CFPB is seeking more and current information on various…
CDFI Fund: Update on the CDFI Fund’s Certification Application Review Process
Additional Time Needed for CDFI Fund to Consider Robust Response to Recent Application Revisions The Community Development Financial Institutions Fund (CDFI Fund) will update its timeline for rolling out the new CDFI Certification Application and anticipates revising the version that was released for public comment in the Federal Register on November 4, 2022. To ensure sufficient time…
ABA: Foundation Launches 2023 Financial Education Campaigns, Three-Year Initiative to Reach 5 Million Americans
The theme for this year’s campaigns is ‘Protecting Your Financial Future’ The American Bankers Association Foundation today launched its 2023 financial education campaigns, calling on America’s banks and their more than two million employees to participate in these important industry programs and help more consumers achieve long-term financial stability. It also announced a three-year industry-wide…
OCC: Research on Emerging Risks in the Banking System Solicited
The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on emerging risks in the banking system or related policy and supervisory issues for submission by March 3, 2023. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters…
HUD: $5.5 Million in Funding Opportunity Announced for Hispanic Serving Institutions
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Hispanic Serving Institutions (HSIs) to establish research Centers of Excellence (COEs) to conduct housing and community development research. This funding opportunity will help strengthen capacity and invest in innovative and actionable research to address issues regarding housing, economic development,…