FDIC: 2024 Risk Review Published
Report highlights risks in banking system including Commercial Real Estate and Consumer Loans The Federal Deposit Insurance Corporation (FDIC) today published its 2024 Risk Review, which summarizes conditions in the U.S. economy, financial markets, and the banking industry. The FDIC’s Risk Review is an annual publication and based on year-end banking data from the prior year….
HUD: $5 Million Made Available for Historically Black Colleges and Universities to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) released a $5 million notice of funding opportunity (NOFO) to fund research at one or more Research Centers of Excellence at Historically Black Colleges and Universities (HBCUs). The funded Centers will conduct research projects on topics of strategic interest to HUD and produce research that provides evidence-based solutions…
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,…
FHFA: Input Requested on FHLBank System Mission
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on the mission of the Federal Home Loan Bank (FHLBank) System as the Agency considers next steps for related rulemakings. The RFI provides an opportunity for the public to provide feedback on a core recommendation of FHFA’s Federal Home Loan Bank System at…
HUD: Progress Report on the Federal Lead Action Plan Published
Biden-Harris Administration Reports Significant Progress Toward Protecting Children from Lead Poisoning The President’s Task Force on Environmental Health Risks and Safety Risks to Children is publishing the Progress Report on the Federal Lead Action Plan, a comprehensive update on the government’s progress since 2018 toward reducing childhood lead exposures. The U.S. Department of Housing and Urban Development…
CFPB: New Report Highlights Consumer Frustrations with Credit Card Rewards Programs
Consumers report losing benefits to devaluation, limited redemption opportunities, and vague or hidden terms and conditions The Consumer Financial Protection Bureau (CFPB) issued a new report finding consumers encounter numerous problems with credit card rewards programs. Consumers tell the CFPB that rewards are often devalued or denied even after program terms are met. Credit card companies focus…
Census Bureau: New Research Data Product Released to Track Income Mobility and Volatility
The U.S. Census Bureau today released a new research data product, Mobility, Opportunity, and Volatility Statistics (MOVS), that shows detailed income and household statistics over time and includes demographic characteristics such as race and ethnicity. MOVS uses linked demographic and tax records on the population of U.S. working-age adults and tracks the progress of incomes, providing new…
FHFA: Report Issued on Enterprise Single-Family Guarantee Fees in 2022
he Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the Enterprises incur when they acquire single-family loans from lenders. The report analyzes loans…
Census Bureau: New Justice Outcomes Explorer Data Product Released
The U.S. Census Bureau today released a new experimental data product, the Justice Outcomes Explorer (JOE), that measures the economic and health outcomes of people who were charged with criminal offenses, released from prison, or began probation or parole sentences. The outcomes measured include employment, earnings, government program participation, and mortality. JOE is a collaboration between the…
CFPB: New Report Higlights the Hidden Costs of Health Savings Accounts
Many HSAs suffer from low interest rate yields and junk fees to switch The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay. There were approximately 36 million health savings accounts in 2023 – holding more than $116 billion. These…