The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, and the Community Development Financial Institutions Fund will host the 2016 National Interagency Community Reinvestment Conference in Los Angeles from February 8 to 10. This biennial conference offers participants from around the country the opportunity to learn about the […]
OCC: CRA Evaluations for 17 National Banks 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 December 1, 2015 through December 31, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
CDFI Fund: Bond Guarantee Program Application Period for FY 2016 Opened
Up to $750 Million in Bond Guarantee Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2016 application period for the CDFI Bond Guarantee Program. Application materials are available on the CDFI Fund’s website in anticipation of the […]
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 […]
FDIC: Consumer Newsletter Features Shopping Tips for Loans and Credit Cards
Many people searching for a new loan or credit card may not be in the best position to get the right product for their needs and at the lowest possible cost. The latest FDIC Consumer News features tips on how to be better informed and better prepared before applying for credit while avoiding costly […]
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 […]
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 September 2015. The CRA is a 1977 law intended to encourage insured banks and […]