CDFI Fund: Important Update for FY 2016 Capital Magnet Fund Applicants – Award Amount & FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has determined that there will be $93,472,163 available in awards under the fiscal year (FY) 2016 round of the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations. Capital Magnet Fund awards finance affordable…
CDFI Fund: Award Management Information System (AMIS) Is Available
The Community Development Financial Institutions Fund (CDFI Fund) launched the Awards Management Information System (AMIS) in September 2015. AMIS is an enterprise-wide business system that is gradually replacing the myCDFIFund portal. Since the launch we have continued to implement updates and improvements to the AMIS tool, including accepting applications for our award programs directly in…
ABA: 12 Tips To Secure Your Mobile Devices
March 6-12 is National Consumer Protection Week WASHINGTON — As consumer use of mobile devices continues to climb, cyber criminals are targeting those gadgets more frequently. In recognition of National Consumer Protection Week March 6-12, the American Bankers Association is highlighting 12 things consumers can do to protect the data on their mobile device. “Banks use sophisticated…
OCC: Second Quarter 2016 CRA Evaluation Schedule Released
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second quarter of 2016. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be…
FDIC: Second Quarter 2016 CRA Examination Schedule Issued
The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the second quarter of 2016. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly…
CDFI Fund: Capital Magnet Fund Update
The Community Development Financial Institutions Fund (CDFI Fund) has released an updated Frequently Asked Questions (FAQ) document on its website, www.cdfifund.gov/cmf, to assist potential applicants to the fiscal year (FY) 2016 round of the Capital Magnet Fund. Topics updated in the FAQ include affordability requirements, use of Capital Magnet Fund funds with other CDFI Fund program…