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 February 1, 2015 through February 28, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
ABA: Consumer Tips for Budgeting, Savings and Reducing Debt
March 1-7 is National Consumer Protection Week WASHINGTON — In recognition of National Consumer Protection Week, the American Bankers Association is highlighting personal finance resources and urging consumers to take an active role in managing and protecting their money. National Consumer Protection Week, observed the first week in March, is a […]
OCC: Third Quarter 2015 CRA Examination Schedule Announced
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 second quarter of 2015. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, […]
FDIC: Second Quarter 2015 CRA Examination Schedule Announced
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 second quarter of 2015. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift […]
OCC: Comptroller of the Currency Thomas Curry Discusses Financial Literacy
WASHINGTON — Comptroller of the Currency Thomas Curry discussed the importance of financial literacy and encouraging healthy savings habits early in life during remarks at the Financial Literacy and Education Commission. Related Links Remarks (PDF) Comptroller of the Currency Thomas Curry About the Financial Literacy and Education Commission
CDFI Fund: Two Independent Reports on the CDFI Program Released
WASHINGTON — The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today issued two independent reports that provide the first-ever comparative analysis and evaluation of the effectiveness of Community Development Financial Institutions (CDFIs) as compared to mainstream lenders. The findings confirm that CDFIs are resilient and a reliable […]
Interagency Guidance: Encouraging Youth Savings Programs & FAQs
Five federal financial regulatory agencies today issued guidance to encourage federally insured depository institutions to offer youth savings programs to expand the financial capability of young people. The guidance also provides answers to frequently asked questions related to the establishment of these programs. Many financial institutions already collaborate with schools […]
OCC: Supporting America Saves Week
WASHINGTON — Comptroller of the Currency Thomas J. Curry today issued the following statement in recognition of America Saves Week, February 23 – 28, 2015: The Office of the Comptroller of the Currency is pleased to support America Saves Week, which encourages individuals and families to prepare for the future […]
CFPB: Study Reports More Than 50 Million Credit Card Consumers Have Access to Free Credit Scores
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) reported that more than 50 million consumers now have free and regular access to their credit scores through their monthly credit card […]
FDIC: Branch Banking Remains Prevalent Despite the Growth of Online and Mobile Banking
The Federal Deposit Insurance Corporation (FDIC) today released a study showing that despite the increased use of online and mobile banking, brick-and-mortar banking offices continue to be the primary means through which FDIC-insured institutions deliver financial services to their customers. FDIC-insured institutions operated 94,725 banking offices as of June 2014, […]