Census Bureau: 2020 American Community Survey 5-Year Data Pushed to March 2022
In November, the U.S. Census Bureau announced it would delay the release of the 2016-2020 American Community Survey (ACS) 5-year data, originally scheduled for December 2021, due to the impacts of COVID-19 on data collection. We continue to make progress towards a mid- to late-March 2022 data product release. Since November, we have refined our methodology to reduce the impact of the nonresponse bias due to the COVID-19 pandemic. The methodology improves the 2020 data input by comparing characteristics for responding and nonresponding households…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
Census Bureau: Small Area Income and Poverty Estimates Released for States, Counties, and School Districts
The median estimated poverty rate for school-age children in all U.S. school districts in 2020 was 13.2%, according to data released today by the U.S. Census Bureau. The new data come from the Small Area Income and Poverty Estimates (SAIPE) program, which provides the only up-to-date, single-year income and poverty statistics for the nation’s 3,142 counties and 13,163 school…
OCC: Improved Mortgage Performance Reported in Third Quarter 2021
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the third quarter of 2021. The OCC Mortgage Metrics Report, Third Quarter 2021 showed that 95.6 percent of mortgages included in the report were current and performing at the end of the third quarter…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
CFPB: Report Issued Highlighting Supervisory Findings of Wide-Ranging Violations of Law in 2021
Examiners found violations in areas including mortgage servicing, fair lending, payday, and remittances The Consumer Financial Protection Bureau (CFPB) today issued a Supervisory Highlights report, which shines a light on legal violations identified by the CFPB’s examinations in the first half of 2021. The report also highlights prior CFPB supervisory findings that led to public…
OCC: Academic Papers and Research on Climate Risk in Banking and Finance Solicited
The Office of the Comptroller of the Currency (OCC) is soliciting academic-focused papers and policy-focused research on climate risk in banking and finance for presentation to the OCC on June 6-7, 2022. Information presented will inform the OCC’s approach to developing climate-related financial risk management guidance for regulated institutions. The June meeting will provide a…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
Census Bureau: Household Pulse Survey Phase 3.3 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.3 of the experimental Household Pulse Survey (HPS). The HPS is now a monthly release as current changes in data no longer warrant a biweekly data collection, and we work to reduce respondent burden. This phase includes updated vaccination questions that expand response options…
CFPB: New Research Shows Banks’ Deep Dependence on Overdraft Fees
Overdraft and Non-Sufficient Fund Penalties Made up Two-Third of Reported Fee Revenue Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB). Three banks—JPMorgan Chase, Wells Fargo, and Bank of America—brought in 44%…