Browsing to Borrow: "Mom & Pop" Small Business Perspectives on Online Lenders
This report examines small business owners' perceptions of online lenders and their understanding and interpretation of the information that online lenders use to describe their credit products.
Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances
The Federal Reserve Board’s triennial Survey of Consumer Finances (SCF) collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes.1 The 2013 SCF reveals substantial disparities in the evolution of income and net worth since the previous time the survey was conducted, in 2010.
April 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices
The April 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices addressedchanges in the standards and terms on, and demand for, bank loans to businesses and householdsover the past three months. This summary discusses the responses from 70 domestic banks and22 U.S. branches and agencies of foreign banks
REO & Vacant Properties: Strategies for Neighborhood Stabilization
With this publication, we aim to shed light on how community development practitioners and policymakers can help stabilize the neighborhoods most at risk, that is, those beset by concentrations of foreclosures. The animating idea here is that community development practitioners should be guided by the best available research, by anecdotal reports of what efforts are working, and by the best new ideas about what other approaches might work. We culled the country for individuals and institutions that are deeply engaged in this issue, both academically and at street level. Our authors, ...
Report to the Congress on the Office of Minority and Women Inclusion, March 2018
The Board of Governors of the Federal Reserve System (Board) is responsible for implementing numerous provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). The Dodd-Frank Act requires, among other things, that the Board produce reports to Congress on a number of topics. As required by the Dodd-Frank Act, the OMWI submits an annual report to the Congress outlining its activities, successes, and challenges. This is the Board’s OMWI report for calendar-year 2017. Each of the Federal Reserve Banks also submits a separate report to the ...
Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act
This report is a summary of feedback received from bankers and community groups during a series of 29 roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA). The information was gathered from CRA roundtables hosted by the Federal Reserve Board and the Federal Reserve Banks held between October 2018 and January 2019. The views shared at the roundtables, as summarized in this report, will factor into the Board’s consideration of any CRA modernization proposals.
Report to the Congress on the Profitability of Credit Card Operations of Depository Institutions, August 1997
Section 8 of the Fair Credit and Charge Card Disclosure Act of 1988 directs the Federal Reserve to transmit annually to the Congress a report about the profitability of credit card operations of depository institutions. This is the eighth annual report. The analysis here is based to a great extent on information from two sources: the Consolidated Reports of Condition and Income (Call Report) and the Functional Cost Analysis (FCA).
Report to the Congress on Government-Administered, General-Use Prepaid Cards, July 2017
Section 1075 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), which added section 920 to the Electronic Fund Transfer Act (EFTA), requires the Federal Reserve Board (Board) to report annually to the Congress on the prevalence of use of general-use prepaid cards in federal, state, and local government-administered payment programs and on the interchange fees and cardholder fees charged with respect to the use of such cards. The Board collected 2016 data from 18 bank issuers, three nonbank financial institutions, and two federal government agencies on ...
Understanding the Disconnect Between Economic Development and Workforce Development Systems
The economic development field encourages business and job growth, while workforce development ensures individuals have the education, skills, and training needed to obtain jobs. This report provides perspectives on alignment as well as challenges and opportunities for greater alignment between the two systems, using stakeholder input from the Federal Reserve Bank of Cleveland’s Fourth District.
Perspectives from Main Street: Bank Branch Access in Rural Communities
Perspectives from Main Street: Bank Branch Access in Rural Communities examines how rural consumers and small businesses use bank branches and how their communities have been affected by branch closures. The report includes information gathered at listening sessions hosted by Federal Reserve Banks across the country between July 2018 and January 2019, in addition to other data and research.