ABA: New Accenture and ABA Report on State of Digital Lending Provides Roadmap for Digitial Transformation at Banks

A new report released today by the American Bankers Association and Accenture provides a roadmap to help bankers speed up their ongoing digital transformations to meet rising customer expectations for hybrid experiences, bridging online and person-to-person options. The report, titled “The State of Digital Lending,” includes key considerations for banks, including how […]

Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released

The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative […]

CDFI Fund: 2020 ACR Summary Reported Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a summary snapshot report from the fiscal year (FY) 2020 Annual Certification and Data Collection Report (ACR) reporting cycle. Community Development Financial Institutions (CDFIs) must submit an ACR on an annual basis within 90 days […]

CFPB: Report Finds Declines in Credit Card Debt, New Applications and Increase in Digitial Engagement in 2020

The Consumer Financial Protection Bureau released its fifth biennial report to Congress today on the consumer credit card market, finding that the market’s growth over the last few years reversed course in 2020. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card […]

Census Bureau: New Community Resilience Data Equity Estimates Released

The U.S. Census Bureau today released the CRE for Equity data tool. In an easy-to-use dashboard, this new tool pulls together existing data to measure social vulnerability and equity gaps at the community level while providing context about the varying needs of different communities. To measure these concepts, in the summer of […]

FHFA: House Price Index Up 1.4 Percent in July 2021; Up 19.2 Percent from Last Year

 House prices rose nationwide in July, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®).  House prices rose 19.2 percent from July 2020 to July 2021. The previously reported 1.6 percent price change for June 2021 was revised upward to 1.7 percent. For the […]

OCC: Report Shows Improvement in Mortgage Performance in Second Quarter 2021

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021. The OCC Mortgage Metrics Report, Second Quarter 2021 showed that 95.0 percent of mortgages included in the report were current and performing at the […]