OCC: Education Event for Minority- and Women-Owned Businesses
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host an educational event for minority- and women-owned businesses at its headquarters in Washington, D.C., on July 22 from 9:30 a.m. until 12:30 p.m. “Managing for Long-Term Success,” presented by Dr. Leonard Greenhalgh of the Tuck School of Business at Dartmouth College, is…
OCC: Comptroller of the Currency Thomas Curry Discussed Community Redevelopment
NEW ORLEANS — Comptroller of the Currency Thomas J. Curry today discussed resources that aid redevelopment and revitalization of communities following natural disasters and other events. His remarks came during the Comeback Communities Conference, which helped mark the 10 years of recovery for New Orleans and the Gulf Coast following Hurricane Katrina in 2005. Related…
CFPB: Financial Well-Being Initiative Targeted to People with Disabilities Launched
ROADS to Financial Independence Initiative Will Pilot in Six Communities Nationwide WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is announcing the launch of the Reach Outcomes. Achieve Dreams. Succeed. (ROADS) to Financial Independence initiative, which is aimed at improving the financial well-being and economic security of individuals with disabilities. The initiative, which is piloting with…
ABA: Celebrating Housing Choices, American Housing Month
WASHINGTON — The American Bankers Association and bankers across the country are celebrating American Housing Month throughout June. In the coming month, ABA will provide consumers with information on how to gauge whether the time is right to buy a home, what they need to know to select a reputable lender, how to obtain the…
Federal Reserve: Report on the Economic Well-Being of U.S. Households
The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly. The 2014 Survey of Household Economics and Decisionmaking, provides new insight into Americans’ economic security, housing and…
CFPB: Financial Coaching Initiative Launched
Program Targets Transitioning Veterans and Economically Vulnerable Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching its Financial Coaching Initiative, targeting recently-transitioned veterans and economically vulnerable consumers to help them with their financial goals. The program places 60 certified financial coaches at organizations around the country to provide individualized educational services. “Having…
OCC: Comptroller of the Currency Thomas Curry Discusses CRA and Small Business Lending
WASHINGTON — Comptroller of the Currency Thomas J. Curry today discussed how the Community Reinvestment Act can help spur small business lending. Mr. Curry made his remarks before the 2015 State Small Business Credit Initiative Conference. Related Links Remarks (PDF) Comptroller of the Currency Thomas J. Curry
CDFI Fund: Update for FY 2015 BEA Program Applicants
The CDFI Fund has updated two fiscal year (FY) 2015 Bank Enterprise Award Program (BEA Program) application documents. The revised versions of the “FY 2015 Application and Instructions” and “Certification 4” documents are now available on the CDFI Fund’s website at www.cdfifund.gov/bea and on the Grants.gov website at www.grants.gov. The documents have been changed to eliminate instructions which…
CFPB: Report Finds 26 Million Consumers Are Credit Invisible
Bureau Also Finds That Black and Hispanic Consumers Are More Likely to Have a Limited Credit Record WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) published a report finding that 26 million Americans are “credit invisible.” This figure indicates that one in every 10 adults do not have any credit history with a nationwide…
CDFI Fund: FY 2015 Funding Round of BEA Program Open
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2015 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the May 5, 2015 publication of the…