Federal Reserve: Speech | Where Do Consumers Fit in the FinTech Stack?
Where Do Consumers Fit in the Fintech Stack? Governor Lael Brainard The new generation of fintech tools offers the potential to help consumers manage their increasingly complicated financial lives, but also poses risks that will need to be managed as the marketplace matures.1 In many ways, the new generation of fintech tools can be seen…
Census Bureau: Webinar on November 28th on Release of 2012-2016 ACS Five-Year Estimates
What: The U.S. Census Bureau will hold a webinar on Nov. 28, 2017, in advance of the Dec. 7 release of the 2012-2016 American Community Survey five-year estimates. Members of the media will have embargo access to the information beginning Dec. 5. The webinar will show participants how to access the data and compare geographies…
Census Bureau: Declining Mover Rate Driven by Renters
The rate at which renters moved in 2017 was at a historic low of 21.7 percent, compared to 35.2 percent in 1988, according to new U.S. Census Bureau data released today from the Current Population Survey. However, renters still moved at a higher rate than owners (21.7 percent compared with 5.5 percent, respectively). “Although renters…
HUD: FHA Releases 2017 Annual Report to Congress
Capital Reserves remain above statutory minimum for third straight year The Federal Housing Administration (FHA) today released its 2017 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end FY 2017, the MMI Fund had a total economic net worth of $25.6…
FHFA: 2017 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its 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 2017. For the ninth consecutive year, FHFA received an unmodified audit opinion on its FY…
CFPB: Add Your Company to the List of Sources for Free Credit Scores
If your company offers free credit scores and would like to be included on our list, respond to our recently posted Federal Register Notice. By Maria Jaramillo When people have access to their credit score, they can feel empowered to better manage their financial lives. They can do this by learning about their credit…
OCC: Acting Comptroller Explores the Separation of Banking and Commerce
Acting Comptroller of the Currency Keith A. Noreika today explored how the separation of banking and commerce evolved in the United States and called for a broader discussion of whether the separation continues to serve the best interest of the nation’s banking system and economy today. Related Links Remarks (PDF) Acting Comptroller of the Currency…
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…