Federal Reserve: Accepting Applications for its Community Advisory Council
The Federal Reserve Board announced on Tuesday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). Formed in 2015, the CAC advises the Board on issues affecting consumers and communities. The CAC is made up of a diverse group of experts and representatives of…
ABA: Testimony on 2018 Farm Bill, Credit Issues Faced by Rural Bankers
WASHINGTON — The American Bankers Association testified today before the House of Representatives Agriculture Committee’s Commodity Exchanges, Energy, and Credit Subcommittee, offering the banking industry’s perspective on credit issues in the upcoming Farm Bill and the importance of credit for rural communities. The hearing was conducted by Chairman Austin Scott and Ranking Member David Scott….
FDIC: Highlighting Free Financial Tools During National Financial Capability Month
In recognition of National Financial Capability Month, the FDIC is highlighting the financial education tools it has developed to help people of all ages build their financial knowledge and skills to achieve brighter financial futures. These tools include lesson plans for educators to teach children in all grade levels about banking and financial issues, material…
CDFI Fund: Update for CDFI Program and NACA Program Applicants: AMIS Application Now Available
The electronic applications for the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) are now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). The CDFI Fund will be providing a comprehensive instruction manual to…
SBA: New York Director Announces Small Business Week Awardees
New York – The results are in. Businesses from across the New York SBA District – the five boroughs of New York City, Long Island, and seven down-state counties of the Mid and Lower Hudson – submitted applications to the 2017 National Small Business Week Awards. Judges selected nine winners in various categories, ranging from…
OCC: Newsletter Focuses on Innovative Partnerships to Preserve Affordable Housing
WASHINGTON — The Office of the Comptroller of the Currency (OCC) published the latest edition of its Community Development Investments newsletter entitled “Preserving Affordable Housing: Innovative Partnerships.” This issue describes the role of national banks and federal savings associations in preserving America’s affordable rental housing and presents examples of how financial institutions and nonprofit organizations…
ABA: Survey Shows Regulatory Burden Continues to Restrict Mortgage Lending
WASHINGTON — Ninety-five percent of respondents to the American Bankers Association’s 24th annual Real Estate Lending Surveydescribed regulation as having a negative impact on business production and consumer credit availability. The survey, released today at ABA’s Real Estate Lending Conference in Orlando, revealed that 91 percent of the typical bank’s mortgage loans made last year…
ABA: Foundation Celebrates April as Financial Literacy Month
WASHINGTON — Eighty-eight percent of adults overwhelmingly agree that personal finance skills should be taught in schools, according to a new survey from Morning Consult. Despite such strong support, as of 2016, only 17 states require high school students to take a course in personal finance. In an effort to fill that gap, the ABA…