Government Information

Earl Gregg Swem Library

Report on the Economic Well-Being of U. S. Households in 2015

http://www.federalreserve.gov/2015-report-economic-well-being-us-households-201605.pdf

Finds American families experiencing mild improvement but many struggling financially.  Covers overall well-being of households, income and savings behavior, economic preparedness, access to banking and credit, housing decisions, auto purchases and lending, education including student loans, and retirement planning.  From the Board of Governors of the Federal Reserve System

 

FHFA’s Administrative Reform of Fannie Mae, Freddie Mac, and the Housing Finance System

Categories: Financial Crisis/Markets,Govt Finance,Housing/Homelessness

http://www.fas.org/sgp/crs/misc/R44506.pdf

Reviews the progress of housing reforms by the Federal Housing Finance Agency since the 2008 financial crisis including Credit Risk Transactions, the Common Securitization Platform, and Single Security type mortgage-backed securities.  From the Congressional Research Service, posted by the Federation of American Scientists

 

Indication of Unconventional Oil and Gas Wastewaters Found in Local Surface Waters

Categories: Business/Economics,Consumer Info/Protection,Financial Crisis/Markets,Headlines

http://toxics.usgs.gov/highlights/2016-05-09-uog_wastes_in_streams.html

White paper on the risks and vulnerabilities associated with the online lending industry.  Provides an overview of the industry, reviews stakeholder opinions, reviews benefits and risks of online lending, and provides policy recommendations.  From the Treasury Department

(business/economics     consumer info/protection     financial crisis/markets     headlines)

Opportunities and Challenges in Online Marketplace Lending

Categories: Business/Economics,Consumer Info/Protection,Financial Crisis/Markets,Headlines

https://www.treasury.gov/connect/blog/Documents/Opportunities_and_Challenges_in_Online_Marketplace_Lending_white_paper.pdf

White paper on the risks and vulnerabilities associated with the online lending industry.  Provides an overview of the industry, reviews stakeholder opinions, reviews benefits and risks of online lending, and provides policy recommendations.  From the Treasury Department

 

Retirement Security: Low Defined Contribution Savings May Pose Challenges

Categories: Financial Crisis/Markets,Income/Poverty,Retirement/Social Security

http://www.gao.gov/assets/680/676942.pdf

Reviews recent trends in defined contribution plan participation and account savings, how much households could save in such plans, and how key decisions by employers and individuals affect savings. From the Government Accountability Office

 

Arbitration Agreements

Categories: Consumer Info/Protection,Financial Crisis/Markets,Headlines,Laws/Regulations

http://files.consumerfinance.gov/f/documents/CFPB_Arbitration_Agreements_Notice_of_Proposed_Rulemaking.pdf

Proposed regulations that would prohibit mandatory arbitration clauses in consumer financial products such as credit cards and bank accounts.  The clauses prevent consumers from joining together to sue banks or credit card companies for alleged wrongdoing.  Class rather than individual actions have proven more effective in challenging problematic practices in the past.  From the Consumer Financial Protection Bureau

 

CFPB Proposes Prohibiting Mandatory Arbitration Clauses that Deny Groups of Consumers Their Day in Court

Categories: Consumer Info/Protection,Financial Crisis/Markets,Headlines,Laws/Regulations

http://www.consumerfinance.gov/about-us/newsroom/consumer-financial-protection-bureau-proposes-prohibiting-mandatory-arbitration-clauses-deny-groups-consumers-their-day-court/

Press release which explains the reasons behind the proposed regulation that would prohibit mandatory arbitration clauses in consumer financial contracts.  From the Consumer Financial Protection Bureau

 

Agencies Announce Determinations and Provide Feedback on Resolution Plans of Eight Systemically Important, Domestic Banking Institutions

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Headlines,Laws/Regulations

http://www.federalreserve.gov/newsevents/press/bcreg/20160413a.htm

Determination by federal banking regulators that resolution plans or so-called “living wills,” prepared by the eight largest U.S. banks under the Dodd-Frank Act, are not acceptable and would not allow for an orderly process if the banks faced bankruptcy.  Includes links to the Resolution Plan Assessment Framework and letters sent to the eight banks.  From the Federal Reserve

 

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