CFPB: New Report Identifies Issues with Increased Servicemember Use of Digital Payment Apps
Annual report also highlights other financial challenges facing the military community Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. The report highlights the growth of digital payment app usage in the servicemember community, the unique risks to servicemembers from these services, and the potential…
CDFI Fund: Sources Sought Notice Issued for the CDFI Rapid Response Program, CDFI Equitable Recovery Program and Emergency Capital Investment Program
On June 15, 2023, the Community Development Financial Institutions Fund (CDFI Fund) released a Sources Sought Notice for a multi-year evaluation of the CDFI Fund’s CDFI Rapid Response Program (CDFI RRP), CDFI Equitable Recovery Program (CDFI ERP), and the U.S. Department of the Treasury’s (Treasury) Emergency Capital Investment Program (ECIP). Industry and subject-matter experts are…
ABA: Bank Economists Expect Credit Conditions to Soften in the Second Half of the Year
The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC). The EAC includes chief economists from North America’s largest banks. Readings above 50 indicate that, on net, bank economists expect business and household credit conditions to improve, while readings…
FHFA: 2022 Report to Congress Issued
The Federal Housing Finance Agency (FHFA) today released its 2022 Report to Congress. The statutorily required report provides information about FHFA’s 2022 examinations of Fannie Mae, Freddie Mac (the Enterprises), Common Securitization Solutions (CSS), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance. It also describes FHFA’s actions as conservator of the…
Census Bureau: Household Pulse Survey Phase 3.9 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.9 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to inform federal and state response and recovery planning by providing near real-time data on the social and economic effects of the…
FHFA: U.S. House Prices Rise 4.3 Percent Over the Last Year; Up 0.5 Percent from Fourth Quarter 2022
U.S. house prices rose 4.3 percent between the first quarters of 2022 and 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.5 percent compared to the fourth quarter of 2022. FHFA’s seasonally adjusted monthly index for March was up 0.6 percent from February. “U.S. house prices generally increased modestly in the…
Census Bureau: New 2020 Census Data on Age, Sex, Race, Hispanic Origin, Households and Housing Released
Today, the U.S. Census Bureau released the 2020 Census Demographic Profile and Demographic and Housing Characteristics File (DHC). These products provide the next round of data available from the 2020 Census, adding more detail to the population counts and basic demographic and housing statistics previously released for the purposes of congressional apportionmentand legislative redistricting. “These statistics belong…
HUD and Census Bureau: New Residential Sales Report for April 2023 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2023: New Home SalesSales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau…
Census Bureau: Largest Southern Cities Lead Nation in Population Growth
Nine of the nation’s 15 fastest-growing cities were in the South, according to Vintage 2022 Population Estimates released today by the U.S. Census Bureau. Of the nine fastest-growing cities in the South, six were in Texas. New estimates for metropolitan and micropolitan statistical areas and for housing units at the national, state and county levels were also…
Census Bureau: Household Pulse Survey Phase 3.8 Data Released
The U.S. Census Bureau today released new data from phase 3.8 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to inform federal and state response and recovery planning by providing near real-time data on the social and economic effects of the COVID-19 pandemic and…