Estimated $17 Billion April Credit Gain Only $8.2 Billion

first_img The Federal Reserve 2017-06-12 Brianna Gilpin Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Previous: CalyxSoftware to Host Second National User Conference Next: Supreme Court: Secondary Markets Not Subject to FDCPA Regulations June 12, 2017 1,496 Views Recently, the April 2017 Consumer Credit report was released, revealing all of the outstanding credit extended to individuals for household, family, and other personal expenses, excluding loans and real estate for the past month. April marked the smallest increase in consumer borrowing in six years. The Federal Reserve reported total consumer credit rising 2.6 percent, increasing the $8.2 billion in April compared to March’s revised $19.5 billion. According to MarketWatch, economists estimated a $17 billion gain in consumer credit for April.The Consumer Credit Report covers the two main types of credit: revolving and nonrevolving. April showed a slight increase in nonrevolving credit, which is closed-end credit for consumers who will repay on an arranged repayment schedule—mainly for motor vehicle or education loans. This main source of credit growth rose at an annual rate of 2.9 percent, its slowest pace since August 2011.Revolving credit, mostly credit cards secured or unsecured by collateral allowing consumers to borrow a prearranged limit and pay back in one or more installments, increased 1.8 percent in April at an annual rate. This is quite a drop from March’s 6.5 percent increase.According to MarketWatch, two-thirds of U.S. economic growth comes from consumer spending, which was also at a slow start for the year. Consumer spending rose at a 0.6 percent annual rate in the first quarter, which is down from 2016 Q2 growth of 3.5 percent and spurred a Q1 GDP growth rate of 1.2 percent annually.In an effort to help consumers better understand what is going on in consumer credit, this Friday Equifax Investor Relations Doug Brandberg and Jeff Dodge along with Equifax Chief Economist Amy Crews-Cutts will host a live webcast on their Quarterly United States Consumer Credit Trends reports. Cutts will discuss frequently asked questions and show how to best digest the data in the reports.For more information, click here. Estimated $17 Billion April Credit Gain Only $8.2 Billion Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Brianna Gilpin Subscribecenter_img Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Tagged with: The Federal Reserve Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Estimated $17 Billion April Credit Gain Only $8.2 Billion Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Flood Insurance Relief Awaits President’s Signature

first_imgNew homes built at elevations required by the Federal Emergency Management Agency will not see the flood insurance premium increases expected to hit existing homes at lower elevations. But a new bill approved by Congress limits the potential increases.In a 72-22 vote on Thursday, the U.S. Senate approved a bill that would limit the looming increases to flood insurance premiums that had been promised with passage of a 2012 reform bill.The measure would permit sellers to give subsidized insurance rates to new buyers, and it would cap premium increases at 18 percent annually.The House of Representatives had approved the bill in a 306-91 vote on March 4, and President Barack Obama is likely to sign it into law.The bill moderates much of the 2012 Biggert-Waters Flood Insurance Reform Law, which was designed to end taxpayer subsidies of the heavily indebted National Flood Insurance Program.Among the highlights of the new bill:Premium increases between 5 percent and 18 percent annually until full-risk coverage is reached. (Biggert-Waters included 25 percent increases.)A new assessment of $25 per year on primary residence policies and $250 per year on business and non-primary residence policies.Removal of an automatic trigger to full-risk coverage rates upon the purchase of a home for primary residences.last_img read more

Biodiesel workshop

first_imgUniversity of GeorgiaFrom the economics of biodiesel to producing it drip by drip at the University of Georgia’s biorefinery, the Southeastern Biodiesel Workshop will cover all aspects of biodiesel in an upcoming three-day workshop.Those attending the workshop Nov. 27-29 in Athens, Ga., will receive training from industry professionals and academic experts. They’ll learn how biodiesel is made in a hands-on production lab and interact with experts and industry representatives.“The Southeastern Biodiesel Workshop is an intensive, detailed workshop covering the basics of biodiesel production and use and the issues related to both,” said Ryan Adolphson, director of the UGA biomass energy facilities. The workshop provides information on the biodiesel industry in a practical manner suitable for anyone from “experienced biodiesel producers and users to the novice just entering the industry.”Early registration, which must be received by Nov. 1, is $195 for the workshop and $150 for the biodiesel lab. After that date, the cost is $225 for the workshop and $175 for the lab.The workshop is sponsored by the UGA Center for Biorefining and Carbon Cycling. For more information, visit www.SoutheastBiodiesel.org.last_img read more

FIGC sets August 20 as Serie A finishing date

first_img(BBC) – ITALY’S football federation (FIGC) has set August 20 as the deadline for finishing the season, with the new campaign starting on September 1.The current season has been on pause since mid-March because of coronavirus but the FIGC still intends to finish the top three divisions.There are still 12 rounds of matches remaining in Serie A, while four other games are also outstanding.Juventus, chasing a ninth successive title, lead the table by a point.The federation also announced that if any of the top three divisions should restart and then stop again, a shorter alternative of a play-off would have to be devised.However, if it was not possible to complete the season even with play-offs, it would implement a coefficient system.Serie C presents the biggest challenge as it features 60 clubs, divided into three regional groups, with many in difficult financial situations.last_img read more

German DSbV demands actions on illegal online gambling transactions

first_img The German Casino Association ‘Deutsche Spielbankenverband’ (DSbV) said that payment blocking orders of unlicensed online gambling operators should be at the ‘top of the agenda’ for German lawmakers.The DSbV made its statement following the aftermath of the Wirecard AG’s multi-billion euro scandal, which it stated has rocked confidence in German banking and payment processing laws.In its statement, the DSbv underlined that Wirecard fraudulent activities were known to German regulators since 2017 as the payment processor’s illegal transactions were revealed by the publishing of the ‘Panama Papers’.DSbv CEO Otto Wulferding stated that German banks have knowingly participated in enabling unlicensed online gambling transactions, thus taking advantage of incoherent gambling laws.“On Wirecard, the topic of monetary transactions for companies such as online casinos should be high on the agenda,” Wulferding said.He added that regulatory inaction since 2017 has led to ‘far-reaching consequences’ on the German market, which can no longer control the growth of unlicensed online gambling operators targeting national consumers.The DSbv pointed to market research undertaken by Goldmedia, which ‘reported earnings of €2.1 billion for online casinos in 2019 – an increase of 6.2 percent compared to 2018 figures’.Observing current market dynamics, the DSbv stated that German consumers are completely open to being targeted by unlicensed operators, freely promoting their services through online advertising and TV networks.Meanwhile, market safeguards have been left at the domain of private enterprises such as VISA, who at the start of 2020 terminated German online gambling transactions.“Online casinos without a German license are evading the regulatory framework in Germany,” concluded Wulferding. “They do not meet the requirements that apply to licensed casinos. This means that the guest can carry out their bets and thus deposits and withdrawals safely and reliably.” tweet StumbleUpon Submit Sharelast_img read more

Latest: Chelsea 0 West Ham 1 – Lanzini gives Hammers lead

first_imgA superb strike from Manuel Lanzini gave West Ham the lead at Stamford Bridge in the 17th minute.The Argentine picked up a loose ball 20 yards and curled a brilliant right-footed shot beyond Blues keeper Thibaut Courtois.Earlier, Chelsea had the first chance when Loic Remy – in for the suspended Diego Costa – was played in by Cesc Fabregas but he blasted a shot at the legs of Adrian.Shortly after the goal, Branislav Ivanovic headed well wide but West Ham continued to set the pace.John Terry was handed his first Chelsea start in five weeks as one of three changes to the line-up that lost at Everton last week.As well as Remy, Oscar was also brought in with Nemanja Matic and Pedro dropping out.Chelsea: Courtois; Ivanovic, Cahill, Terry,Azpilicueta; Mikel, Fabregas; Willian, Oscar, Kenedy; Remy. Subs: Begovic, Baba, Matic, Loftus-Cheek, Pedro, Traore, Pato.West Ham United: Adrian; Antonio, Reid, Ogbonna, Cresswell; Kouyate, Noble; Lanzini, Payet, Valencia; Sakho.Subs: Randolph, Oxford, O’Brien, Obiang, Song, Emenike, Carroll.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Olympic Steph, finally: Curry says he’ll play for Team USA

first_imgWarriors star Stephen Curry has never played Olympic basketball, but he wants to give it a go.Curry told ESPN’s Rachel Nichols in an interview published Wednesday morning that he plans to join Team USA at Tokyo 2020.The Americans finished seventh in the FIBA World Cup earlier this month, its worst finish ever, with a team comprised of the NBA’s B- and C-list stars after many top-level players cited rest for the NBA season as a reason to skip.Steph’s declaration that he plans to play …last_img read more

West Holmes FFA’ers enjoy learning, fun at Greenhand Camp

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The West Holmes FFA chapter recently sent 9 members to Greenhand Camp at Camp Muskingum. Attendants were Zach Myers, Braiden Bower, Ethan Reining, Luke Shaum, Dylan Landon, Chase Stitzlein, Kayla Madison, Haley Crites, and Madison Stitzlein. The students arrived at 3pm for registration and dorm check-in. During this time they had free recreation. Here they could walk around camp and see what it’s all about. When registration was over, the staff and state officers welcomed the Greenhand members to camp. At 6:00 the members attended their first flag lowering and dinner. After dinner the members participated in field games. They played icebreaker games to learn each other’s names. At 8:00 they members had their first workshop. Here, the campers learned how to makes better decisions and thinking before they act. After the workshop the Greenhands participated in a scavenger hunt before going to campfire. By 11:00 campers were in bed resting for their next exciting day at camp.Day 2 started bright and early at 7am. Members ate breakfast and attended flag raising. After flag raising it was time for camp chapter clean up. Within the chapters at camp, everyone was assigned a place at camp to tidy up. When everything was clean, the members attended their second work shop Opening Opportunities. Here, the campers focused on stepping out of their comfort zone and opening themselves up to try new things. The campers then walked down to Adventure Valley where they had to work together in their groups to move past each obstacle set before them. After each group made it through Adventure Valley, the members had free time. During free time they can play basketball, volleyball, go boating, along with many other fun activities. At noon the students ate lunch and participated in Mystery Center. This was a time when the campers participated in any camp activities that they had not done yet. The members then had more free time before participating in the FFA Quiz Bowl Competition. Here, they competed against each other answering facts about FFA. Around 5, the members ate dinner and had some free time before their third workshop Setting Our Course. During this workshop the students worked on setting goals for themselves. They also focused on setting a path to a bright future. When the workshop was over it was time for the dance. After dancing and having fun the campers had campfire and then headed to bed.The last day of camp students woke up and started packing. They cleaned the dorms and made sure they left it better than when they arrived. Campers then ate breakfast and headed to the musky lounge for their last workshop Where to Next. During this workshop the members were asked what they will do with the information given to them.  The camping staff and state officers then wished the campers a safe ride home.last_img read more

Ohio corn, soybean harvest near completion

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Operators were busy in the fields last week as the State received cool temperatures that averaged 6 degrees below normal, according to Cheryl Turner, State Statistician, USDA NASS, Ohio Field Office. Reports mentioned significant amounts of tillage, baling, and strip till fertilizer placement occurring in addition to harvest activities. There were 4.7 days suitable for fieldwork during the week ending November 10.Corn jumped to 65 percent harvested, an increase of 16 percentage points from the last report, but still 14 points behind the 5-year average. The average corn moisture content was 20 percent, unchanged from the previous report. Soybeans moved to 86 percent harvested, an increase of 8 points from the previous report, but still 6 points behind the 5-year average. The average soybean moisture content was 14 percent, up one point from last week. Winter wheat was at 94 percent emerged, which was 10 points ahead of the 5- year average. It was a good week for harvest progress despite precipitation early in the week and colder than normal temperatures.You can read the full report here.last_img read more

Spotify iPhone App: Threat to iTunes?

first_imgRelated Posts 9 Books That Make Perfect Gifts for Industry Ex… dana oshiro Tags:#music#web 4 Keys to a Kid-Safe Appcenter_img 12 Unique Gifts for the Hard-to-Shop-for People… Swedish music service Spotify just announced their application’s submission to the iPhone App store. Similar to the company’s Android application, the iPhone app gives users the ability to search for tracks and create music streaming play lists. One key feature of both applications is that it allows users to cache music for offline play. With this sort of functionality, it will be interesting to see if Spotify’s app will be taken as a threat to iTunes. If this were the case, then Spotify’s little green iPhone app might never make its way onto the device. Often touted as one of the best music streaming services, Spotify’s CEO Daniel Ek made a statement to the Register about his upcoming plans for a one-click download solution. This means that unlike other music applications like Pandora or Last.FM, the site would compete directly against iTunes as a store. As for the iPhone application, audiophiles simply select the tracks they’d like to listen to, and Spotify automatically syncs files to an offline playlist. This means that eager music fans can listen to their tunes from the subways, elevators and underground parking lots that normally plague their commutes to work.This sort of ease-of-use is exactly why Spotify already celebrates an estimated 5 million member user base despite only being available in the UK, Sweden, Norway, Spain, France and Finland. The company already has European licensing deals with Universal, Sony, Warner and EMI and it solidified an American licensing agreement with the Independent Online Distribution Alliance (IODA) last week. The recent deal brings Spotify’s catalogue to well over 7 million files. The company plans to launch in the US before the end of the year. 5 Outdoor Activities for Beating Office Burnoutlast_img read more