Interagency Guidance: Annual CRA Asset-Size Threshold Adjustments Released

The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules.  Financial institutions are evaluated […]

CFPB: Annual HMDA Threshold Adjustment Announced

HMDA Asset-Size Exemption Threshold Unchanged at $44 Million WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a final rule regarding the annual threshold adjustment under the implementing regulations for the Home Mortgage Disclosure Act. Home Mortgage Disclosure Act The CFPB issued a final rule regarding the asset-size exemption […]

ABA: Registration Opens for ABA Foundation’s 2016 Financial Education Initiatives

ABA Foundation calls for banker volunteers to increase financial capability in local schools ​WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers to register for its annual Teach Children to Save campaign and other 2016 financial education initiatives. Now in its 20th year, the Teach Children to Save program is a […]

CFPB: Tool Released To Help Measure Financial Well-Being

Resource Will Provide Questions Financial Educators Can Use to Assess the Financial Wellness of Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is releasing a tool to measure consumer financial well-being, based on a definition that the Bureau released in January 2015. This first-of-its-kind tool provides questions that […]

CDFI Fund: New Market Tax Credits Certification, Compliance and Monitoring FAQs Updated

The Community Development Financial Institutions Fund (CDFI Fund) has provided an updated Frequently Asked Questions (FAQ) document for NMTC compliance on its website. This document supersedes the December 2014 and October 2015 publications of the FAQ document by adding, revising, or updating select questions from these earlier editions. Updated guidance […]