CDFI Fund: CY 2015 and 2016 Rounds of New Market Tax Credits Combined
Combined Round Will Provide Up To $7 Billion in Allocation Authority The Community Development Financial Institutions Fund (CDFI Fund) has amended its Notice of Allocation Availability (NOAA) for the calendar year (CY) 2015 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is releasing the amended NOAA in advance of its…
ABA: 8 Banking Tips Millennials Need to Know
WASHINGTON — As millennials juggle a multitude of responsibilities — from school, to work, to planning for major life events — the American Bankers Association is highlighting eight banking tips to help them secure a financially sound future. “Millennials are digital natives who understand the importance of staying connected socially, but staying connected to their bank can…
FDIC: National Financial Capability Month and Free Educational Tools
The Federal Deposit Insurance Corporation (FDIC) marked National Financial Capability Month this April by highlighting educational opportunities for both adults and young people to build their financial knowledge and skills to achieve brighter financial futures. The FDIC’s Money Smart program includes a comprehensive financial education curriculum designed to help low- and moderate-income individuals outside the…
CDFI Fund: Final Webinar Training Schedule for Expanding CDFI Coverage in Underserved Areas Released
The final five webinars for the Community Development Financial Institutions Fund (CDFI Fund)’s Expanding CDFI Coverage in Underserved Areas training series have been scheduled. The series, part of the CDFI Fund’s Capacity Building Initiative, provides specialized training and technical assistance to certified and emerging CDFIs to extend their reach into certain underserved communities in the…
OCC: National Financial Capability Month Recognized in Capitol Hill Event
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 the OCC’s Consumer Advisories. Staff also highlighted the OCC’s HelpWithMyBank.gov Web site, which provides…
OCC: Perspective on Responsible Innovation Published; Feedback Solicited
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its perspective on responsible innovation in the federal banking system and solicited feedback on what more it could do to support innovation that better serves consumers, businesses, and communities. In Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective, the agency summarizes its…
Federal Reserve: New Survey Provides Information on Mobile Financial Services
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2016, released on Wednesday. The report documents consumers’ use of mobile phones–Internet-enabled smartphones as well as more basic phones with limited…