SBA: Small Dollar Lending and Lending To Underserved Entrepreneurs Continues to Rise as Record 19 Million New Business Applications Filed Since 2021
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced the Biden-Harris Administration has tripled SBA lending to Black-owned businesses while doubling small-dollar lending and lending to Latino- and women-owned small businesses. The new data comes as the United States reaches a record 19 million(Link…
FDIC: Board Approves Request for Information on Deposits Data Not Currently Reported on the Call Report or Other Regulatory Reports
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a request for information (RFI) soliciting the public’s comments on deposit data that is not currently reported in the Call Report or other regulatory reports, including for uninsured deposits. “The request for information seeks more granular information on the composition and characteristics of uninsured…
FHFA: House Price Index Unchanged in May 2024; Up 5.7 Percent from Last Year
U.S. house prices were unchanged in May, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.7 percent from May 2023 to May 2024. The previously reported 0.2 percent price increase in April was revised upward to 0.3 percent. For the nine census divisions, seasonally adjusted monthly price changes from…
CDFI Fund: Application Demand for Fiscal Year 2024 Round of BEA Program Released
Over $390 million in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2024 round of its Bank Enterprise Award Program (BEA Program). A total of 176 applications were…
CFPB: New Report Highlights Junk Fees Charged by School Lunch Payment Platforms
Families are paying costly and hard-to-avoid transaction fees The Consumer Financial Protection Bureau (CFPB) today released a report on payment processing companies that help school districts process children’s school lunch payments. These private companies process payments made by parents who may have limited or zero payment alternatives. With a captive customer base, these companies can…
HUD and Census Bureau: New Residential Sales Report Issued for June 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for June 2024: New Home SalesSales of new single-family houses in June 2024 were at a seasonally adjusted annual rate of 617,000, according to estimates released jointly today by the U.S. Census Bureau and…
Census Bureau: Household Pulse Survey Phase 4.2 Monthly Data Released
The U.S. Census Bureau today announced the beginning of data collection for Phase 4.2 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Phase 4.2 includes new, reinstated and updated questions….
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…
Census Bureau: Household Pulse Survey Phase 4.1 Monthly Data Released
The U.S. Census Bureau today released new data from Phase 4.1 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for Phase 4.1 include employment status, spending, food security, housing,…
FFIEC: 2023 HMDA Data on Mortgage Lending Published
The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data…