Census Bureau: 2014 Annual Survey of Entrepreneurs Exporting Firms Summary Released
Today the U.S. Census Bureau released data findings from the 2014 Annual Survey of Entrepreneurs Exporting Firms Summary. The data are contained in three tables that cover export destination, receipt size of firm and the employment size of the firm by the exporting status, gender, ethnicity, race and veteran status of the firm. The tables…
CFPB: Report Finds Sharp Increase in Riskier Longer-Term Auto Loans
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans The Consumer Financial Protection Bureau (CFPB) today released a report on auto loan trends that found a sharp increase in riskier longer-term auto loans. According to the report, 42 percent of auto loans made in the last year carried a payback…
ABA: Foundation Releases Inaugural Survey Detailing Bank Efforts to Serve and Protect Seniors
In recognition of Family Caregivers Month, the ABA Foundation released its inaugural Older Americans Benchmarking Report, an unprecedented survey detailing how banks across the country are working with seniors and their financial caregivers to address the growing threat of elder financial fraud. To produce the report, the ABA Foundation surveyed 103 banks of all sizes…
Census Bureau: Highlighting Our Nation’s Veterans with the New “The Wealth of Veterans” Report
The U.S. Census Bureau will release a new report “The Wealth of Veterans” that uses data from the 2014 Survey of Income and Program Participation to look at how military service may influence the lifelong financial well-being of veterans. The report describes differences in the components of wealth between male veteran householders and nonveteran householders…
CDFI Fund: Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Program
The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program…
ABA: Ag Lender Survey – Farm Profitability Still Down but Improving
ABA and Farmer Mac survey shows lenders slightly more optimistic Eighty-two percent of agricultural lenders reported a decline in farm profitability in the last 12 months, according to a joint survey by the American Bankers Association and the Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A). Despite the continued decline, the survey of…
ABA Report: Credit Card Market Expands in Second Quarter, Mirroring Economic Growth
Credit card use continued to expand in the second quarter, according to the American Bankers Association’s latest Credit Card Market Monitor. Monthly purchase volumes rebounded after a seasonal decline in the first quarter, rising by 9 percent across risk tiers. On an annual basis, purchase volumes rose 4.9 percent for prime accounts and 5.2 percent…
CFPB: Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis The Consumer Financial Protection Bureau (CFPB) today announced the launch of a new Mortgage Performance Trends tool that tracks delinquency rates nationwide. Information newly available through this tool shows that mortgage delinquency rates nationally are at their lowest point since the financial crisis….
Census Bureau: Discover America Counts Launched to Share Stories Behind the Numbers
Today, the U.S. Census Bureau announced the launch of a new content section on census.gov called America Counts: Stories Behind the Numbers. Designed in the style of an online newsroom, America Counts features headlines, graphics, videos and stories about Census Bureau data. Among the current stories, you will find out where the birth rate is…
FHFA: Index Shows Mortgage Rates Decreased in September 2017
Nationally, interest rates on conventional purchase-money mortgages decreased from August to September, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.00 percent for loans closed in late September, down 5 basis points from 4.05 percent in August….