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 […]
OCC: CRA Evaluations For 30 National Bank and Federal Savings Associations Released
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2015 through August 31, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
FDIC: List Of Banks Examined For CRA Compliance Issued
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2015. The CRA is a 1977 law intended to encourage insured banks and […]
CDFI Fund: Revised CDFI Program Regulations Issued
Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning revisions of the Interim Rule for the Community Development Financial Institutions Program (CDFI Program). The revised Interim Rule was published in the Federal Register today. Through the CDFI Program, the CDFI Fund […]
OCC: Fourth Quarter 2015 CRA Evaluation Schedule Released
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2015. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, […]
FDIC: Fourth Quarter 2015 CRA Examination Schedule Issued
The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2015. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift […]
Interagency Guidance: 2014 Small Business, Small Farm And Community Development Lending Data Now Available
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency—announced today the availability of data on small business, […]
ABA: 10 Tips For Tough Financial Times On The Farm
WASHINGTON — In recent years, farmers and ranchers have enjoyed profitable times, but many experts, including the USDA, are predicting stress ahead in the ag economy. The American Bankers Association is helping producers prepare by providing key financial considerations. “Thanks to recent boom times, many farmers and ranchers are well-positioned financially […]
Who Are The Credit Invisibles?
Take a second and think about the last time you applied for a loan? There was an application and multiple disclosures and then the waiting period for approval while a bank reviewed your income and payment history and creditworthiness. At the end of the day, we all know that a […]
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 […]