Census Bureau: Income, Poverty and Health Insurance Coverage in the U.S. 2016
The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2016 was $59,039, an increase in…
ABA: 9 in 10 Americans Rate Their Bank’s Service as Good or Excellent
Nine in 10 Americans with a bank account (89 percent) rate their bank’s service and support as “good,” “very good” or “excellent,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The same number say they are satisfied with their primary bank. The survey also asked consumers to…
Census Bureau: The Digital Divide – Broadband Usage Across the Nation
States on the Pacific Coast and most of those in the Northeast such as New Hampshire and Massachusetts had higher levels of broadband internet use compared to the national average (77 percent), according to a new U.S. Census Bureau report on Computer and Internet Use in the United States: 2015. These tended to be the…
CFIB: Identity Theft Protection Following the Equifax Data Breach
By Kristin Dohn Millions of Americans have been impacted by the recent Equifax data breach. Whether or not your personal information has been stolen, there are steps you can take to protect yourself and your credit. What is identity theft, and what can you do? Sometimes criminals who steal data use it to engage in…
CFPB: A Financial Toolkit for Victims of Hurricanes Harvey and Irma
When a catastrophe like Hurricane Harvey or Hurricane Irma happens, your world can be turned upside down. During these tough times, it may be difficult to know who to trust and where to look for guidance and assistance, as well as what financial steps to take as you begin recovering. These are a few organizations…
SBA: $5 Million Awarded in PRIME Grants to Help Emerging Micro-entrepreneurs Gain Access to Capital
Funds Finance Training & Technical Assistance to Emerging Entrepreneurs; Capacity Building to Provider Organizations Thirty-four community-based organizations across the United States that provide assistance to disadvantaged entrepreneurs are set to receive a combined $5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME). These organizations help low-income entrepreneurs gain…
FDIC: FFIEC Launches New Industry Outreach Website
Printable Format: FIL-40-2017 – PDF (PDF Help) Summary: The Federal Financial Institutions Examination Council (FFIEC) launched a new Industry Outreach website for financial institutions, trade associations, third-party providers, and consultants. Statement of Applicability to Institutions with Total Assets Under $1 Billion: This FIL applies to all FDIC-supervised financial institutions. Highlights: The FFIEC launched a new…
Interagency Guidance: Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Irma
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and state bank regulators recognize the serious impact of Hurricane Irma on the customers and operations of many financial institutions and will provide regulatory assistance to affected institutions subject to their supervision. The…
CFPB: New Financial Empowerment Tools for People with Disabilities
This year marks the 27th anniversary of the Americans with Disabilities Act . This is a time for us to celebrate the leaders in the disability rights movement past and present who have worked tirelessly to ensure equality of opportunity, independent living, and economic self-sufficiency for all people. Despite much progress, millions of people with…