ABA: Report Shows Consumer Delinquencies Rise in First Quarter 2018
The first quarter of 2018 saw installment loan and bank card delinquencies resume a slow return to normal levels after falling across the board in the previous quarter, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, rose 9 basis…
Census Bureau: Schedule for Income, Poverty and Health Insurance Statistics and ACS Data Release
The U.S. Census Bureau’s schedule for the release of the 2017 income, poverty and health insurance coverage statistics from the Annual Social and Economic Supplement to the Current Population Survey and the 2017 American Community Survey is as follows: Wednesday, Sept. 12, 2018 (no embargo) National 2017 income, poverty and health insurance coverage statistics: Current Population Survey Annual Social…
FEMA: President Trump Approves Major Disaster Declaration for Texas
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by severe storms and flooding beginning June 19, 2018 and continuing. The President’s action makes federal funding available to affected individuals in Cameron…
CFPB: Statement on the Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act Amendments to HMDA
Read statements from other agencies: Federal Deposit Insurance Agency Federal Reserve Board Office of the Comptroller of the Currency Today the Bureau of Consumer Financial Protection (Bureau) issued the following statement: On May 24, 2018, the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), a section of which amends the…
FDIC: Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Hawaii
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by severe storms, flooding, landslides and mudslides. Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions. Highlights: Severe…
FEMA: President Trump Approves Major Disaster Declaration for Maryland
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Maryland to supplement state and local recovery efforts in the areas affected by severe storms and flooding from May 27 to May 28, 2018. Federal funding is available to the state and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for Nebraska
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Nebraska to supplement state and local recovery efforts in the areas affected by a severe winter storm and straight-line winds from April 13 – 18, 2018. Federal funding is also available to the state and…
CFPB: New Research Report on Student Loan Repayment and Broader Household Borrowing
Student loans make up an increasing share of the debt held by borrowers around the country, particularly for younger borrowers. Our previous research has shown that borrowers vary greatly in their ability to pay off their loans, how quickly they can do so, and the potential hurdles they face. Today, we released a new Data…