CFPB: Report Finds College Tuition Payment Plans Can Put Student Borrowers At Risk
Some payment plans can be confusing, carry expensive fees, and lead students further into debt The Consumer Financial Protection Bureau (CFPB) issued a new report finding that students face risk when entering into agreements with colleges to spread the upfront cost of tuition into several, interest-free loan payments. The report, which looks at tuition payment…
ABA: Bank Economists Note “Soft Landing” Odds Have Improved but Recession Risks Remain
Despite an expected loss of momentum in U.S. economic growth over the next few quarters, the U.S. economy is likely to dodge a recession, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The committee, composed of 14 chief economists from some of North America’s largest banks, sees real economic growth…
FDIC: Report Released Detailing Supervision of the Former First Republic Bank, San Francisco, CA
Today, Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of First Republic Bank, an internal review evaluating the agency’s supervision of First Republic Bank, San Francisco, California, from 2018 until its failure in May 2023. The report provides information on the causes of First Republic Bank’s failure and evaluates the FDIC’s…
CFPB: New Report Highlights Role of Big Tech Firms in Mobile Payments
Apple and Google set regulations on “tap-to-pay” which can impact innovation and competition The Consumer Financial Protection Bureau (CFPB) published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches. Apple currently forbids banks and payment apps from accessing the tap-to-pay…
Census Bureau: New 2022 Annual Integrated Economic Survey Announced
The U.S. Census Bureau this week announced the launch of the 2022 Annual Integrated Economic Survey (AIES), a limited-scope collection of the 2023 AIES that will launch in March 2024. The AIES provides key yearly measures of economic activity, including the only comprehensive national and subnational data on business revenues, employment, expenses and assets on…
CDFI Fund: Updated Eligiblity Data for the New Markets Tax Credit Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today updated Eligibility Data for the New Markets Tax Credit Program (NMTC Program). The update of this information—based on more recent, Census Bureau 2016-2020 American Community Survey (ACS) 5-year estimates data—is part of a larger effort to ensure that the data used to…
FHFA: U.S. House Prices Rise 3.0 Percent over the Last Year; Up 1.7 Percent from the First Quarter 2023
U.S. house prices rose 3.0 percent between the second quarters of 2022 and 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.7 percent compared to the first quarter of 2023. FHFA’s seasonally adjusted monthly index for June was up 0.3 percent from May. “U.S. house prices appreciated at a slightly higher…
Census Bureau: 2030 Census Advisory Committee Established
The U.S. Census Bureau today announced it will establish a new federal advisory committee focused on the 2030 Census. The 2030 Census Advisory Committee is another way the Census Bureau is engaging with diverse voices as it prepares for the next decennial census and seeks external perspectives on its plans to address census undercounts, communicate with…
Census Bureau: Webinar Scheduled for September 14th on New 2022 American Community Survey 1-Year Estimates
The U.S. Census Bureau is scheduled to hold a webinar explaining how to access data and online resources from the 2022 American Community Survey (ACS) set to be publicly released September 14. The webinar will also provide tips for comparing ACS geographies and statistics over time. The American Community Survey provides a wide range of statistics about the nation’s people and…
Census Bureau: Household Pulse Survey Phase 3.10 Announced
The U.S. Census Bureau today announced the beginning of data collection for 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…