CDFI Fund: 2016 Year In Review Report Released
The CDFI Fund’s FY 2016 Year in Review is now available on the CDFI Fund’s website. Read Director Annie Donovan’s introductory message below, and view the full publication here. I am pleased to present to you the Community Development Financial Institutions Fund’s (CDFI Fund) fiscal year (FY) 2016 Year in Review. As you will see in the…
ABA: New Report Examiners Banks’ Use of Social Media
66 percent plan to increase spending on social media resources this year WASHINGTON – Three out of four bankers believe social media is important to their banks and 66 percent plan to increase spending on social media resources this year, according to a new report released today by the American Bankers Association. “The State of…
CDFI Fund: “Access to Capital and Credit in Native Communities” Data Release Now Available
Today, the Native Nations Institute released a Data Review to accompany the Access to Capital and Credit in Native Communities Report (the Report) commissioned by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The Data Review helped set the stage for the Report by collecting data regarding access to capital and credit in American…
HUD: New Residential Sales in December 2016 Report Released
WASHINGTON – Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000, according to estimates released jointly today by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 10.4 percent (±12.2%)* below the revised November rate of 598,000 and is 0.4 percent (±11.7%)*…
HUD: Comprehensive Assessment of Housing Needs of America Indians and Alaska Natives Released
WASHINGTON – American Indian tribes are building more housing units after enactment of the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) but housing conditions are substantially worse among American Indian households than other U.S. households. These are some of the findings of three new comprehensive reports of tribal housing needs released today…
HUD: New Residential Construction Activity in December Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2016: BUILDING PERMITS Privately owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,210,000. This is 0.2 percent (±1.8%)* below the…
CFPB: Survey Finds Over One-in-Four Consumers Contacted by Debt Collectors Feel Threatened
CFPB Also Releases Study of Consumer Risks in Online Debt Sales, Consumer Stories of Debt Collection Experiences WASHINGTON, D.C. – A Consumer Financial Protection Bureau (CFPB) report released today found that over one-in-four consumers contacted by debt collectors felt threatened. The report was drawn from the first-ever national survey of consumer experiences with debt collectors. Over…
HUD: American Housing Survey Results for 25 Metro Areas Released
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau released the results of the 2015 American Housing Survey focusing on 25 metropolitan areas across the country. The data released today includes detailed information on everything from monthly housing costs, hunger, and neighborhood characteristics including crime and the…
OCC: Report Discusses Risks Facing National Banks and Federal Savings Associations
WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today. Highlights from the report include: Strategic risk remains high as banks consider business model changes and face challenges in growing revenue. Strategic planning remains important…
CFPB: Student Loan Servicing Problems Can Jeopardize Long-Term Financial Security for Older Borrowers
Growing Concerns as Number of Older Student Loan Borrowers Quadruples, Amount of Debt Per Senior Borrower Doubles in Last Decade WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report that examines complaints from older student loan borrowers about servicing practices that can jeopardize their long-term financial security. In the last decade, the…