CFPB: New Report Finds One-Third Decline in Collections Items on Consumer Credit Reports
Report underscores ongoing concerns about accuracy of collections data, particularly with respect to medical debt Today, the Consumer Financial Protection Bureau (CFPB) released a report examining trends in credit reporting of debt in collections from 2018 to 2022. The report found the total number of collections tradelines on credit reports declined by 33%, from 261…
Census Bureau: Census Open Innovation Labs to Host The Opportunity Project Summit 2023
Each year, the U.S. Census Bureau brings together cross-sector collaborators during The Opportunity Project (TOP) Summit to solve some of the world’s major data and technology challenges. TOP is led by the Census Bureau’s Census Open Innovation Labs (COIL). The program engages government, technologists, and communities to create digital products using federal open data that serve the public. To…
Census Bureau: 2022 Economic Census of Businesses Underway
Today the U.S. Census Bureau announced the beginning of data collection for the 2022 Economic Census. Businesses across the nation will begin receiving invitations to respond online to the economic census and will have until March 15 to submit their responses. The economic census is the U.S. government’s official 5-year measure of American businesses and…
FHFA: House Price Index Down 0.1 Percent in November 2022; Up 8.2 Percent from Last Year
House prices fell 0.1 percent nationwide in November compared to October, according to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®). House prices rose 8.2 percent from November 2021 to November 2022. The previously reported 0.0 percent price decline in October 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price changes from…
Federal Reserve: Changes to HMDA Loan Volume Reporting Threshold for Closed-End Mortgage Loans
This letter addresses the impact on financial institutions supervised by the Federal Reserve of recent changes as a result of litigation related to the HMDA reporting threshold for closed-end mortgage loans. Background In May 2020, the Consumer Financial Protection Bureau (CFPB) published a final rule amending Regulation C (Home Mortgage Disclosure) to, among other things,…
HUD and Census Bureau: New Residential Sales Report for December 2022 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for December 2022: New Home SalesSales of new single‐family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates released jointly by the U.S. Census Bureau and…
ABA: Bank Economists Expect Credit Conditions to Weaken over Next Six Months as Inflation Moderates
Bank economists expect credit conditions to soften over the next six months as the economy slows and the Federal Reserve considers additional steps to rein in inflation, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest report finds slightly less pessimistic near-term expectations for business and consumer credit quality and…
Census Bureau: AmeriCorps Civic Engagement and Volunteering Supplement Released
The U.S. Census Bureau and AmeriCorps, the federal agency for national service and volunteerism, announced the release of the 2021 Current Population Survey (CPS), Civic Engagement and Volunteering (CEV) Supplement Microdata File. It is the most robust longitudinal survey about volunteerism and other forms of civic engagement in the United States. The data can support evidence-based decision-making…
Census Bureau: Household Pulse Survey Phase 3.7 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.7 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to inform federal and…
CFPB: Public Input Sought on Consumer Credit Market
Feedback from consumers, industry, advocates will help inform biennial credit card market report The Consumer Financial Protection Bureau (CFPB) issued a request for information today seeking public feedback on how the consumer credit market is functioning as part of a biennial review of the industry. The CFPB is seeking more and current information on various…