ABA: New Report Shows Closed-End Loan Delinquencies Rise in First Quarter at Onset of COVID-19
Credit card and HELOC loan delinquencies fall during first three months of 2020 Consumer credit delinquencies rose in the first quarter of 2020 as the onset of the COVID-19 pandemic triggered an abrupt economic slowdown, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in all of the 11…
SBA: Small Business Contracting Goals Exceed $132.9 Billion to Small Businesses, Breaking Records
Women-Owned Contracting Goal Met for the Second Time in Scorecard History; Eight Federal Agencies Receive A+ Rating on FY2019 Small Business Federal Procurement Scorecard Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12…
Census Bureau: Door-to-Door Visits Begin Nationwide for 2020 Census
Census Takers to Follow Up With About 56 Million Households Nationwide This week, the U.S. Census Bureau began following up with households nationwide that have not yet responded to the 2020 Census. Based on the current self-response rate of 63.3%, the Census Bureau estimates it will need to visit about 56 million addresses to collect…
ABA: Report Shows Credit Card Spending Falls in First Quarter 2020
Credit card purchase volumes fell in the first quarter of 2020 as the economy entered its first recession in a decade, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. In line with the onset of the pandemic-induced economic downturn and prior industry reports, seasonally adjusted monthly purchase volumes pulled back from the…
Census Bureau: Statement of Delivering a Complete and Accurate 2020 Census Count
The U.S. Census Bureau continues to evaluate its operational plans to collect and process 2020 Census data. Today, we are announcing updates to our plan that will include enumerator awards and the hiring of more employees to accelerate the completion of data collection and apportionment counts by our statutory deadline of December 31, 2020, as…
Census Bureau: Household Pulse Survey Weekly Data Released
The Census Bureau today released new data from the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the availability of consumer goods…
CFPB: Information Requested on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System
The Consumer Financial Protection Bureau (Bureau) issued today a request for information (RFI) to seek public input on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction. The Equal Credit Opportunity Act (ECOA) and…
ABA: New Report Examines Construction Lending Immediately Before and After COVID-19
The outlook for bank construction lending was strong prior to the onset of the COVID-19 pandemic, and bankers remain optimistic despite challenges resulting from the health and economic crisis, according to a report released by the American Bankers Association today. More than 90% of bank respondents surveyed at the end of 2019 reported that their…
HUD and Census Bureau: New Residential Sales Report for June 2020
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 June 2020: New Home Sales Sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000. This is 13.8 percent (±17.8 percent)* above the revised May…
FHFA: House Price Index Down 0.3 in May; Up 4.9 Percent from Last Year
U.S. house prices fell in May, down 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 4.9 percent from May 2019 to May 2020. The previously reported 0.2 percentincrease for April 2020 was revised downward to 0.1 percent. For the nine census divisions, seasonally adjusted monthly house…