FHFA: Annual Report Released on 2022 Federal Home Loan Bank Targeted Mission Activities
Today, the Federal Housing Finance Agency (FHFA) released its Report on 2022 Federal Home Loan Bank Targeted Mission Activities. The report highlights the Federal Home Loan Banks’ (FHLBanks) activities and performance in 2022 under the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investment Cash Advance Program (CICA). The report also covers…
FHFA: Report on FHLBank System at 100 Released
The Federal Housing Finance Agency (FHFA) today released its report on the FHLBank System at 100: Focusing on the Future initiative, the Agency’s comprehensive review of the Federal Home Loan Bank (FHLBank) System in anticipation of the System’s centennial in 2032. “The Federal Home Loan Bank System is a critical component of the nation’s broader housing finance…
Census Bureau: Virtual Workshop on Advancing Research on Race, Ethnicity and Inequality Scheduled
The U.S. Census Bureau is scheduled to hold a virtual workshop on Advancing Research on Race, Ethnicity and Inequality Nov. 14-15, 2023. This event will bring together new perspectives on how data resources can be better leveraged to both measure the dimensions of race and ethnicity within the U.S. population and to investigate how systemic inequalities by…
ABA: National Survey Finds 97% of Consumers Give High Marks to Their Bank’s Online and Mobile Experience
Results also show Americans trust banks most to protect their personal information Ninety-seven percent of consumers rate their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a national survey conducted by Morning Consult on behalf of the American Bankers Association. When considering the growth of digital and online tools…
FHFA: House Price Index Up 0.6 Percent in August 2023; Up 5.6 Percent from Last Year
U.S. house prices rose in August, up 0.6 percent from July, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.6 percent from August 2022 to August 2023. The previously reported 0.8 percent price increase in July remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
Census Bureau: New Data on Minority-Owned, Veteran-Owned and Women-Owned Businesses Released
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2022 Annual Business Survey (ABS), which covers reference year 2021, there were approximately 5.9 million employer firms in total, of which, 1.2 million (21%) were minority-owned, 304,823 (5.2%) were veteran-owned, and around 1.3 million (22%) were owned by women. This release also…
ABA: National Survey Finds Bank Customers Use Mobile Apps More Than Any Other Channel to Manage Their Accounts
For the fourth year in a row, U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers continue to embrace digital banking channels, with 48% of bank customers…
HUD and Census Bureau: New Residential Sales Report Released for September 2023
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 September 2023: New Home Sales Sales of new single‐family houses in September 2023 were at a seasonally adjusted annual rate of 795,000, according to estimates released jointly today by the U.S. Census…
CFPB: Report Finds Credit Card Companies Charged Consumers Record-High $130 Billion in Interest and Fees in 2022
Consumers with revolving debts on average pay far more in interest and fees than get back in rewards The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market. The report found that in 2022 credit card companies charged consumers more than $105 billion in interest and…
Census Bureau: Current Population Survey Modernization Efforts Set to Launch
The U.S. Census Bureau and the U.S. Bureau of Labor Statistics (BLS) are launching a joint effort to modernize the Current Population Survey (CPS) and announce proposed plans to implement changes to ensure sustainability. Developed in the 1930s to meet the increased needs for unemployment, the CPS has been conducted in its present form since 1948. It…