CFPB: Report Spotlights Medical Billing Challenges
Consumer complaints show coercive credit reporting and privacy intrusions based on unverified and inaccurate medical billing A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical billing and…
Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…
CDFI Fund: Request for Public Comment Issued on Collection of Qualitative Feedback on Agency Service Delivery
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI…
Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…
ABA: Credit Market Conditions Expected to Weaken Amid High Inflation
The six-month outlook for consumer and business credit markets softened this quarter, according to the American Bankers Association’s latest Credit Conditions Index released today. Bank economists expect the credit environment to normalize following a period of unusually strong credit availability and quality, which were underpinned by robust consumer savings amid federal stimulus payments and low…
CFPB: Research Finds Payday Borrowers Continue to Pay Significant Rollover Fees Despite State-Level Protections and Payment Plans
Research suggests deceptive industry practices drive cycles of costly reborrowing A report published today by the Consumer Financial Protection Bureau (CFPB) shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to be offered to borrowers in the majority of states that do not prohibit payday lending. Instead of using…
Census Bureau: Small Business Pulse Survey Phase 8 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 8 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation’s small businesses. The SBPS complements existing Census Bureau data by providing detailed, near real-time information on the…
SBA: Small Business Digitial Alliance Publishes Library of Free Digital Tools for Small Businesses
In addition to the new digital tool library geared toward empowering entrepreneurs to scale their business, SBDA announces additional details of its first National Webinar Today, the Small Business Digital Alliance (SBDA), a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., published a comprehensive suite of free resources to help small businesses expand their customer…
FHFA: House Price Index Up 1.6 Percent in January 2022; Up 18.2 Percent from Last Year
House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.2 percent from January 2021 to January 2022. The previously reported 1.2 percent price change for December 2021 was revised upward to a 1.3 percent price change. For the…
CFPB: New Report Finds Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020
The Consumer Financial Protection Bureau (CFPB) issued a report today showing that credit card issuers charged $12 billion in late fees in 2020. Late fee penalties are charged in addition to interest when a cardholder does not make the minimum payment by the due date. “Many credit card issuers have made late fee penalties a…