Funds Would Extend the CDFI Fund’s Economic Development Efforts in Underserved Communities WASHINGTON – Today, President Obama released the Administration’s Fiscal Year (FY) 2016 Budget proposal, which includes $233.5 million for the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). This funding would extend the CDFI Fund’s efforts […]
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 January 1, 2015 through January 31, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
WASHINGTON — Comptroller of the Currency Thomas J. Curry today issued the following statement recognizing Earned Income Tax Credit (EITC) Awareness Day. The Office of the Comptroller of the Currency is pleased to support Earned Income Tax Credit Awareness Day, a nationwide effort to increase awareness about a valuable tax […]
Proposal Would Extend Provisions to Cover More Community Banks, Credit Unions, and Other Creditors WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed several changes to its mortgage rules to facilitate responsible lending by small creditors, particularly in rural and underserved areas. If finalized, the proposal issued today would […]
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 December 1, 2014 through December 31, 2014. The list contains only national banks, federal savings associations, and insured federal branches of […]
WASHINGTON — Eighty-five percent of Americans are aware that they have access to a free credit report each year and 60 percent have checked their credit report within the past 12 months, according to a new survey released by the American Bankers Association. To help educate consumers about the importance […]
The Federal Reserve Board on Friday announced the formation of a new advisory council that will be comprised of individuals with consumer- and community development-related expertise. The Community Advisory Council (CAC) will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging […]
Bureau Seeks Comment on Scorecard to Help Schools Avoid Promoting Products with Tricks and Traps WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is seeking input on a “Safe Student Account Scorecard” that would help colleges to avoid partnering with financial institutions that offer checking and prepaid accounts with […]
ABA calls for banker volunteers to increase financial capability in local schools WASHINGTON — The American Bankers Association, through its Community Engagement Foundation, is calling for banker volunteers to register for its national Teach Children to Save campaign. Now in its 19th year, the Teach Children to Save program is a national […]
CFPB Releases “Owning a Home” Toolkit to Help Consumers Shopping for a Mortgage WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a report finding that almost half of consumers do not shop around for a mortgage when purchasing a home. The report also found that informed consumers are […]
