HUD: 2021 Annual Homeless Assessment Report Part 1 Released
Report Suggests that COVID-19 Relief Had Positive Impacts on Sheltered Homelessness The U.S. Department of Housing and Urban Development (HUD) today released its 2021 Annual Homeless Assessment Report Part 1 to Congress. The report found that more than 326,000 people experienced sheltered homelessness in the United States on a single night in 2021, a decrease of…
ABA: Report Shows Credit Card Market Reflected Economic Recovery in Third Quarter of 2021
Credit conditions in last year’s third quarter reflected an ongoing economic recovery while credit card debt as a share of disposable income tilted slightly downward, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor released today. Monthly purchase volumes grew across risk tiers during the third quarter, while average credit lines for…
CFPB: New Report Reviews Financial Issues Facing People and Families in Contact with the Criminal Justice System
Report Finds Products and Services Rife with Burdensome Fees and Lack of Choice The Consumer Financial Protection Bureau (CFPB) today published a review of the financial issues facing people and families who come in contact with the criminal justice system. The report, “Justice-Involved Individuals and the Consumer Financial Marketplace,” describes an ecosystem rife with burdensome fees and…
CDFI Fund: Application Demand for FY 2021 Round of BEA Program Released
Over $1.1 Billion in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2021 round of its Bank Enterprise Award Program (BEA Program). A total of 161 applications were…
CFPB: Annual List of Consumer Reporting Companies Released
Updated list names financial surveillance companies that people can use to access their own files and sue if they violate the Fair Credit Reporting Act Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies. The list identifies dozens of specialty reporting companies that collect and sell access to people’s data,…
HUD and Census Bureau: New Residential Sales Report for December 2021 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 December 2021: New Home SalesSales of new single‐family houses in December 2021 were at a seasonally adjusted annual rate of 811,000, according to estimates released jointly today by the U.S. Census Bureau…
FHFA: House Price Index Up 1.1 Percent in November 2021; Up 17.5 Percent from Last Year
House prices rose nationwide in November, up 1.1 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 17.5 percent from November 2020 to November 2021. The previously reported 1.1 percent price change for October 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price…
ABA: Credit Market Expectations for Businesses and Consumers Confirm Solid Economic Outlook
Bank economists expect credit conditions to continue improving for both consumers and businesses over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. 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…
Federal Reserve: Household Survey Shows Sustained Rise in Reported and Expected Spending Growth
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2021 Survey of Consumer Expectations (SCE) Household Spending Survey, which provides information on individuals’ experiences and expectations regarding household spending. The survey shows a continued rise in monthly household spending growth, with spending growth moving well above pre-pandemic levels. However, the…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…