ABA: Foundation Invites Volunteers for 2016 “Get Smart About Credit” Day
Calling on banker volunteers to help their local youth become financially fit WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers for its annual Get Smart About Credit program, an initiative designed to teach teens and young adults how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct….
Regulated Financial Institutions to Submit Self-Assessments of Diversity Policies and Practices
The federal banking agencies today provided information on how the financial institutions they regulate may begin to submit self-assessments of their diversity policies and practices as of year-end 2015, and issued Frequently Asked Questions (FAQs) about the process. Financial institutions are strongly encouraged to disclose on their websites their diversity policies and practices, as well…
OCC: Minority Depository Advisory Committee Charter Renewed
WASHINGTON – The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions. “The Minority Depository Institutions Advisory Committee provides the OCC with an invaluable perspective on the business environment affecting minority depository…
CFPB: How Parents Can Help Kids Be Smarter About Money In Everyday Situations
Over the past few months, we have written about ways parents can help put their children on a solid financial path—by developing a savings habit, by reading books with them, and by using our activities and conversation starters. Now, we’d like to offer an approach you can use anytime, anywhere, with children of all ages: Explain money as…
CFPB: Tools and Resources for Money Decisions
We understand that during your life you might face complex and important decisions about your money and finances, like how to choose and use a credit card or how to determine if you can qualify for a mortgage. An important part of our mission is to empower you to take control of your financial life…
CDFI Fund: Annual CIIS Public Data on CDFI Program Recipient Reporting Released
The Community Development Financial Institutions Fund (CDFI Fund) released today twelve years of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS). The data collected covers fiscal years (FY) 2003 through 2014. The release contains Institution Level Report (ILR) data on 777 CDFIs…