ABA: Foundation Honors Washington Banker with Distinguished Service Award
WASHINGTON – David Devine of Columbia Bank in Tacoma, Wash. has received the American Bankers Association Foundation George Bailey Distinguished Service Award for his work with the homeless population of the Northwest. Devine, who is the senior vice president and marketing director for Columbia Bank, will be presented the award during ABA’s Annual Convention in…
CFPB: How to Avoid Credit Repair Scams
Repairing your credit history after a setback can feel overwhelming. Unfortunately, that’s why some credit repair companies use confusing and misleading messaging to target anxious consumers who are just trying to get their financial lives back on track. Over the past several months, more than half of people who submitted complaints with the CFPB about…
CDFI Fund: Winners Announced of the 2016 CDFI Prize Competition
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is pleased to announce the winners of its 2016 CDFI Prize Competition. Eight organizations will receive an aggregate total of $1 million to reward innovative ideas and approaches to increasing CDFI investment and access to capital in underserved rural areas, particularly those…
CFPB: Don’t Let Malicious Mail Make Off with your Money
According to the Department of Justice, older people are losing millions of dollars to mass mailing fraud schemes, often by sending $20 or $30 at a time. These mail scammers use any means they can to convince victims to send them money, credit card details, and personal information like Social Security numbers. These offers often promise…
CDFI Fund: US Treasury Announces Over $90 Million in Awards for Affordable Housing
Over $900 Million in Private Sector Investment to be Leveraged by Capital Magnet Awards The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 32 organizations nearly $91.5 million in grants today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal…
ABA: Top Ag Banking Awards Go to Indiana Banker and Kansas Ag Professor
WASHINGTON — The American Bankers Association today announced the recipients of both the Bruning and Blanchfield Awards, the association’s premier awards presented for contributions to agricultural banking. Gene Miles, president and CEO of First Farmers Bank and Trust Company, Converse, Ind., will receive the Bruning Award, and Kansas State University ag economics emeritus professor Barry…
ABA: Six Banks Honored with Community Commitment Awards
Categories range from affordable housing to community and economic development WASHINGTON — The American Bankers Association Foundation has recognized six banks for their noteworthy corporate social responsibility with a 2016 Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to community and economic development. Winners will…
CDFI Fund: The Fund’s Lisa Jones Wins Service to America Medal
Ceremony Honoring Ms. Jones and Other Outstanding Federal Workers Tonight The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is extremely proud to share with you that Lisa M. Jones will receive one of eight Samuel J. Heyman Service to America Medals for her pioneering work to launch the CDFI Bond…
FDIC: Resources Unveiled to Help Community Banks Learn More about Affordable Housing Programs
The Federal Deposit Insurance Corporation (FDIC) on Thursday published a guide and launched an online resource center to help community bankers learn more about single-family housing products offered by federal agencies and government-sponsored enterprises. The Affordable Mortgage Lending Guide, Part I: Federal Agencies and Government Sponsored Enterprises describes federal programs for single-family housing lending that support…
CFPB: The Significant Impact of Student Debt on Communities of Color
Rising student debt is one of the more painful aftershocks of the Great Recession. Millions of Americans lost their jobs and homes, while others lost much of their household wealth. This decrease in household wealth has continued to put a strain on the ways families pay for higher education expenses, often shifting the burden of…