ABA: “Take Your Lawmaker to Work” Program Kicks Off
Members of Congress invited to experience a ‘day in the life’ as a bank employee WASHINGTON — August marks the start of the American Bankers Association’s “Take Your Lawmaker to Work” program – an annual initiative that encourages bankers to host their elected policymakers at a local branch. Bankers across the country have invited members…
ABA: National Judges Selected for 2017 Top Banks in Corporate Social Responsibility
WASHINGTON — The American Bankers Association Foundation has announced the national experts responsible for judging the 2017 Community Commitment Awards. The awards program celebrates the innovative and high impact contributions banks of all sizes make to their communities. The 2017 award winners will be recognized at ABA’s Annual Convention in Chicago, Oct. 15-17. The awards…
ABA: Statement on House Vote on Arbitration Rule a Win for Consumers
By Rob Nichols, ABA president and CEO “We applaud members of the House for taking a stand on behalf of consumers by voting to overturn the CFPB’s arbitration rule. Today’s action is critical to ensuring the Bureau doesn’t provide trial lawyers with a regulatory windfall at consumers’ expense. “In class-action lawsuits, the spoils go…
HUD: East Baltimore Redevelopment Earns 2017 HUD Secretary’s Award for Historic Preservation
WASHINGTON – For years, dozens of historic rowhouses in an East Baltimore neighborhood sat vacant, boarded up and crumbling from neglect while nearby families were in need of affordable housing. Then, a $9.3 million redevelopment project rehabilitated 32 vacant rowhouses into beautiful affordable housing homes complete witha coffee shop and a workforce development center inside…
SBA: Ignite Tour Blazes Across Country
WASHINGTON, D.C. – Administrator Linda McMahon, the head of the U.S. Small Business Administration, today announced the SBA Ignite Tour—a national outreach campaign aimed at fueling small businesses with tools and resources to grow their companies and create more American jobs. McMahon will tour more than 60 cities in two years. Throughout the tour McMahon…
CFPB: Announcing the 30 New Organizations Joining the Focus on People with Disabilities 2017 Cohort
People with disabilities, like all consumers, deserve fair treatment and access to the information, tools, and support they need to enhance their financial well-being. Earlier this year, we invited organizations serving people with disabilities to submit letters of interest to participate in the Financial Empowerment: Focus on People with Disabilities 2017 cohort. We selected 30…
FDIC: Supervisory Appeals Guidelines Revised Effective Immediately
The Federal Deposit Insurance Corporation (FDIC) on Tuesday revised its guidelines for appeals of certain material supervisory determinations to expand the circumstances under which banks may appeal a material supervisory determination and enhance consistency with the appeals processes of other federal banking agencies. The FDIC sought comment on the proposed changes in July 2016. The…
CFPB: Building Credit at a Local Level
By Sarah Bainton Kahn We recently published a report on ways people without a credit history start building one. In order to bring visibility to this issue and spur action at the local level, we’re releasing credit profiles on states and cities across the country. A person is considered “credit invisible” if they do not…
CDFI Fund: Important Reminders for FY 2017 Capital Magnet Fund Applicants
As a reminder for prospective fiscal year (FY) 2017 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2017 Capital Magnet Fund round is July 28, 2017 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the application and required materials through the CDFI…
HUD: $2 Billion Available for Local Homeless Programs
WASHINGTON – In an effort to prevent and effectively end homelessness, the U.S. Department of Housing and Urban Development (HUD) is making $2 billion available to support thousands of local homeless assistance programs nationwide. Funded through the Continuum of Care (CoC) Homeless Assistance Program, HUD’s funding notice continues to encourage local applicants to use a Housing…