The Federal Deposit Insurance Corporation (FDIC) encourages consumers to use America Saves Week as a time to begin or continue saving towards financial goals. “Saving money on a regular basis in a federally insured financial institution is a proven way to safely and steadily reach your financial goals,” said FDIC Chairman Martin […]
FDIC: New Members for Advisory Council on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of seven new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory […]
FDIC: List of Banks Recently 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 November 2014. The CRA is a 1977 law intended to encourage insured banks and […]
CDFI Fund: President’s 2016 Budget Requests $233.5 Million for Treasury’s CDFI Fund
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 […]
OCC: CRA Evaluations for 48 National Bank 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 January 1, 2015 through January 31, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
OCC: Earned Income Tax Credit Awareness Day
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 […]
CFPB: Proposal to Facilitate Access to Credit in Rural and Underserved Areas Issued
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 […]
OCC: CRA Evaluations for 30 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, 2014 through December 31, 2014. The list contains only national banks, federal savings associations, and insured federal branches of […]
ABA Survey: 60 Percent of Americans Have Checked Their Credit Report in the Past Year
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 […]
Federal Reserve: Formation of Community Advisory Council Announced
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 […]