CDFI Fund: $18 Million in Bank Enterprise Awards Announced
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $18.1 million in grant awards to 83 FDIC-insured financial institutions for serving economically distressed communities across the nation. These funds are awarded under the fiscal year (FY) 2015 round of the Bank Enterprise Award Program (BEA Program), and they will…
CDFI Fund: U.S. Treasury Awards More Than $200 Million To Spur Economic Growth In Low-Income Areas
Washington – The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded 195 Community Development Financial Institutions (CDFIs) $202 million in grants and loans today through the latest rounds of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program). This announcement caps the 20th anniversary celebration…
ABA: Foundation Introduces New Campaign To Promote Safe Banking For Seniors
WASHINGTON — The American Bankers Association Foundation today announced a new campaign – Safe Banking for Seniors – to provide America’s seniors and their caregivers with tools to prevent financial fraud. Similar to the foundation’s popular financial literacy campaigns for children and teens, Safe Banking for Seniors will mobilize bankers across the country to educate…
ABA: Survey Finds That Most Americans Pay Nothing For Bank Services
ABA highlights 8 tips to save on bank costs WASHINGTON — The majority of Americans—61 percent—pay nothing at all for bank services such as checking account maintenance and ATM access, according to a recent survey by the American Bankers Association. Most bank customers (72 percent) spend $3 or less in monthly fees—less than the cost…
ABA: Foundation Kicks Off 6th Annual Lights, Camera, Save! Video Contest
Registration open for participating banks WASHINGTON — The American Bankers Association Foundation is urging local banks to participate in its Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of saving. Through Lights, Camera, Save!, teen participants will create up to a 90-second…
ABA: Foundation Invites Volunteers for 2015 “Get Smart About Credit” Day
Calling on banker volunteers to help their local teens become financially fit WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers for its annual Get Smart About Creditprogram, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 15 and throughout the…
OCC: Focus On Increasing Sustainable Loan Modifications And Reducing Foreclosures
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled “Hardest Hit Fund: State Programs to Improve Loan Modification Sustainability and Stabilize Communities.” “There is no single solution for increasing sustainable loan modifications and reducing foreclosures,” said Comptroller of the Currency Thomas J….
OCC: Technical Assistance Event Announced
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will co-host a technical assistance event for minority- and women-owned businesses interested in federal contracting opportunities on August 12, at George Mason University in Arlington, Va. The OCC, Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Department of the Treasury,…
ABA: Interactive Map of Bank CSR Efforts Launched
The ABA Foundation, ABA’s 501(c)(3) nonprofit affiliate, is today unveiling a new online tool to showcase banks’ corporate social responsibility programs. Building on entries in ABA’s Community Commitment Awards since 2012, the interactive map can be searched by state, category and bank asset size. The map can be used by members of the media and…