WASHINGTON — The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Financial Literacy Day on Capitol Hill event today. OCC staff distributed financial capability materials at the event, including the agency’s Financial Literacy Update and OCC’s Consumer Advisories. Staff also highlighted the […]
FDIC: New Resources for Teachers, Parents, and Caregivers to Strengthen Youth Financial Education
The Federal Deposit Insurance Corporation (FDIC) today launched Money Smart for Young People, a series of lesson plans for teachers and new resources for parents to help them teach children about managing money. The free resources are designed to improve financial education and decision-making skills among young people from pre-K […]
ABA: Bankers Celebrate 19 Years of Teaching Children to Save
Estimated 293,880 children will be reached in 2015 through Teach Children to Save WASHINGTON — More than 14,000 bankers will host financial education events across the country this week as part of the 19th annual Teach Children to Save Day, on April 24. Since 1997, the program – sponsored by the American Bankers […]
FDIC: Phase II of Youth Savings Pilot Program Announced
The Federal Deposit Insurance Corporation (FDIC) is seeking applications from institutions for its Youth Savings Pilot, a program designed to foster financial education through the opening of safe, low-cost savings accounts by school-age children. Nine financial institutions are currently partnering with schools across the country as part of the initial […]
Federal Reserve: Accepting Statements of Interest for the Community Advisory Council
The Federal Reserve Board on Monday announced that it is accepting Statements of Interest from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The formation of the CAC was announced in January. The council will advise the Board on issues affecting consumers and communities and will […]
CDFI Fund: Change of CDFI Certification Requirements for CDFI Bond Guarantee Program Participants Announced
Today, the Community Development Financial Institutions Fund (CDFI Fund) published in the Federal Register a revision of the regulations that govern Community Development Financial Institution (CDFI) certification as it relates to the CDFI Bond Guarantee Program. The CDFI Fund is seeking comments on the revision, which creates a means for […]
CDFI Fund: Application Period for FY 2015 CDFI Bond Guarantee Program Open
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) 2015 application period for the CDFI Bond Guarantee Program. Application materials are available on the CDFI Fund’s website in anticipation of the […]
CFPB: Nationwide Effort to Advance Financial Education in Schools Launched
CFPB Publishes Resource Guide for Policymakers WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau announced that it is launching a nationwide effort to advance financial education in schools. The Bureau is publishing “Advancing K-12 Financial Education: A Guide for Policymakers,” a resource guide which contains strategies for furthering the development […]
OCC: CRA Evaluations for 26 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 March 1, 2015 through March 31, 2015. The list contains only national banks, federal savings associations, and insured federal branches of […]
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 January 2015. The CRA is a 1977 law intended to encourage insured banks and […]