OCC: Report Identifies Key Risks Facing Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2023. The OCC reported that the overall strength of the federal banking system remains sound. The OCC expects banks to remain diligent and adhere to prudent risk management practices across…
FEMA: National Preparedness Report Highlights Cyber Security, Building Codes and Individual Preparedness for a Resilient Nation
FEMA released the 12th annual National Preparedness Report, which provides an overview of the nation’s current disaster risk and capability landscape and outlines progress toward achieving the national preparedness goal of a secure and resilient country. This year’s report continues to highlight the reality of rising costs, frequency and severity of disasters due to climate change…
OCC: Research Solicited on Depositor Behavior, Bank Liquidity and Run Risk
The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on depositor behavior, bank liquidity, and run risk in the banking system for submission by January 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in…
FHFA: U.S. House Prices Rise 5.5 Percent Over the Last Year; Up 2.1 Percent from the Second Quarter 2023
U.S. house prices rose 5.5 percent between the third quarter of 2022 and the third quarter of 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 2.1 percent compared to the second quarter of 2023. FHFA’s seasonally adjusted monthly index for September was up 0.6 percent from August. “U.S. house price growth…
SBA: Progress in Small Business Lending Announced with End-of-Year Capital Program Numbers
Agency has increased number and dollar amount of loans across several small business capital programs Today, ahead of the biggest shopping day of the year, U.S. Small Business Administrator Isabel Casillas Guzmanannounced that the SBA delivered $50 billion in capital, disaster relief, and bonding to small businesses and disaster-impacted communities across America in Fiscal Year 2023 (FY23). Under the Biden-Harris…
CFPB: Report Issued Highlighting Consumer Protection Issues in Medical Debt Collection
Annual report on the Fair Debt Collection Practices Act also describes the CFPB’s and states’ efforts to end the collection of inaccurate medical bills that consumers may not even owe Today, the Consumer Financial Protection Bureau (CFPB) issued a report highlighting the challenges American families face when debt collectors pursue allegedly unpaid medical bills. Discussing the 8,500…
FHFA: FY 2023 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2023. For the fifteenth consecutive year, FHFA received an unmodified audit opinion on its…
Census Bureau: Household Pulse Survey Phase 3.10 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.10 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…
FHFA: Annual Report Released on 2022 Federal Home Loan Bank Targeted Mission Activities
Today, the Federal Housing Finance Agency (FHFA) released its Report on 2022 Federal Home Loan Bank Targeted Mission Activities. The report highlights the Federal Home Loan Banks’ (FHLBanks) activities and performance in 2022 under the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investment Cash Advance Program (CICA). The report also covers…