ABA: Report Shows Credit Card Spending Falls in First Quarter 2020

Credit card purchase volumes fell in the first quarter of 2020 as the economy entered its first recession in a decade, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. In line with the onset of the pandemic-induced economic downturn and prior industry reports, seasonally adjusted monthly purchase […]

Census Bureau: Statement of Delivering a Complete and Accurate 2020 Census Count

The U.S. Census Bureau continues to evaluate its operational plans to collect and process 2020 Census data. Today, we are announcing updates to our plan that will include enumerator awards and the hiring of more employees to accelerate the completion of data collection and apportionment counts by our statutory deadline […]

Census Bureau: Household Pulse Survey Weekly Data Released

The Census Bureau today released new data from the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in […]

CFPB: Information Requested on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System

The Consumer Financial Protection Bureau (Bureau) issued today a request for information (RFI) to seek public input on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction. The Equal […]

ABA: New Report Examines Construction Lending Immediately Before and After COVID-19

The outlook for bank construction lending was strong prior to the onset of the COVID-19 pandemic, and bankers remain optimistic despite challenges resulting from the health and economic crisis, according to a report released by the American Bankers Association today. More than 90% of bank respondents surveyed at the end […]

FHFA: House Price Index Down 0.3 in May; Up 4.9 Percent from Last Year

U.S. house prices fell in May, down 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 4.9 percent from May 2019 to May 2020. The previously reported 0.2 percentincrease for April 2020 was revised downward to 0.1 percent. For the nine census […]

CDFI Fund: Public Comment Period Extended for CDFI Certification Application, ACR and CTLR

Deadline to Submit Responses to CDFI Fund Now November 5, 2020 The Community Development Financial Institutions Fund (CDFI Fund) will extend the deadline to submit comments in response to its solicitation for public feedback on a revised Community Development  Financial Institution (CDFI) Certification Application, Annual Certification and Data Collection Report (ACR), and new Certification […]

CFPB: New Capability for the Consumer Complaint Database Announced Including Viewing Complaints Over Time

The Consumer Financial Protection Bureau (Bureau) today announced the addition of a trends view to the Consumer Complaint Database (Database). The trends view allows users to see information about complaints over time using a robust set of filter options. For several years, the database has provided users with the ability […]

CDFI Fund: New CDFI FA, NMTC AMIS Compliance and Reporting Forms Available in August

Late TLR Submitters have until July 31st to Submit using Current TLR Template The Community Development Financial Institutions Fund (CDFI Fund) is deploying new Transaction Level Report (TLR) templates for use by Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Financial Assistance (FA) and […]