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 October 1, 2015 through October 31, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
Federal Reserve: Community Advisory Council Members Announced
The Federal Reserve Board on Tuesday announced the members of its newly created Community Advisory Council (CAC). The CAC is composed of individuals with consumer- and community development-related expertise who will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging issues […]
CDFI Fund: CY 2015 Round of New Market Tax Credits Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2015 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $5 billion in tax credit allocation authority available for the […]
CFPB: Financial Education Curriculum Review Tool Released
Resource Will Help Guide Educators Looking to Select Appropriate Financial Education Material for Students WASHINGTON, D.C – Today the Consumer Financial Protection Bureau (CFPB) is releasing a tool that educators can use when selecting financial education curriculum for students. The curriculum review tool will help educators identify effective and unbiased material […]
ABA: Celebrate Financial Education, “Get Smart About Credit Day”
Bankers visit classrooms across country on Oct. 15 to teach credit education WASHINGTON — Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively and other financial lessons. Get Smart About Credit […]
CFPB: Rule Finalized to Improve Information About Access to Credit in the Mortgage Market
Bureau Takes Steps to Simplify the Reporting Process for Financial Institutions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to improve information reported about the residential mortgage market. The rule will shed more light on consumers’ access to mortgage credit by updating the reporting requirements of […]
ABA: Six Banks Honored with Community Commitment Award
WASHINGTON — The American Bankers Association has recognized six banks for their noteworthy corporate social responsibility with a 2015 ABA Community Commitment Award. The awards, sponsored by the ABA Foundation, were given to banks for their endeavors in categories ranging from affordable housing to community and economic development. Winners will be presented […]
CDFI Fund: Contractor Selected for NMTC Program Workshop and Technical Assistance Training
The Community Development Financial Institutions Fund (CDFI Fund) has selected a contractor to provide group training and individual technical assistance to certified Community Development Entities (CDEs) that meet the CDFI Fund’s definition of a Minority CDE. The training will inform Minority CDEs on how they can participate in the New […]
FDIC: Money Smart Program Updated for Individuals with Visual Disabilities
The Federal Deposit Insurance Corporation (FDIC) today announced two new resources tailored to meet the financial education needs of individuals with visual disabilities. The FDIC’s 11-module instructor-led Money Smart curriculum for adults is available in Braille and Large Print. Its format permits an instructor to use the printed version of the Instructor […]
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 July 2015. The CRA is a 1977 law intended to encourage insured banks and […]