ABA: 7 Financial Tips for Military Families
ABA commemorates Memorial Day with tips for servicemembers WASHINGTON — As we honor our fallen military heroes this Memorial Day, we are reminded of the many sacrifices servicemembers and their families make to protect our nation. The American Bankers Association has highlighted seven financial tips to help make the lives of military families a little easier….
CFPB: Financial Coaching Initiative Launched
Program Targets Transitioning Veterans and Economically Vulnerable Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching its Financial Coaching Initiative, targeting recently-transitioned veterans and economically vulnerable consumers to help them with their financial goals. The program places 60 certified financial coaches at organizations around the country to provide individualized educational services. “Having…
OCC: Comptroller of the Currency Thomas Curry Discusses CRA and Small Business Lending
WASHINGTON — Comptroller of the Currency Thomas J. Curry today discussed how the Community Reinvestment Act can help spur small business lending. Mr. Curry made his remarks before the 2015 State Small Business Credit Initiative Conference. Related Links Remarks (PDF) Comptroller of the Currency Thomas J. Curry
CDFI Fund: Update for FY 2015 BEA Program Applicants
The CDFI Fund has updated two fiscal year (FY) 2015 Bank Enterprise Award Program (BEA Program) application documents. The revised versions of the “FY 2015 Application and Instructions” and “Certification 4” documents are now available on the CDFI Fund’s website at www.cdfifund.gov/bea and on the Grants.gov website at www.grants.gov. The documents have been changed to eliminate instructions which…
CFPB: Report Finds 26 Million Consumers Are Credit Invisible
Bureau Also Finds That Black and Hispanic Consumers Are More Likely to Have a Limited Credit Record WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) published a report finding that 26 million Americans are “credit invisible.” This figure indicates that one in every 10 adults do not have any credit history with a nationwide…
CDFI Fund: FY 2015 Funding Round of BEA Program Open
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2015 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation of the May 5, 2015 publication of the…
ABA: Call for Entries for ABA Community Commitment Awards
Deadline for entries is July 1, 2015 WASHINGTON — The American Bankers Association’s Community Engagement Foundation is requesting submissions for its annual Community Commitment Awards to recognize banks’ essential involvement in their communities. The awards will honor innovative, high impact contributions banks make to the customers and communities they serve. The entry period will extend…
OCC: Recognizing National Financial Capability Month
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 OCC’s HelpWithMyBank.gov Web site, which provides answers…