Community Banks

CFPB: Join the 2017 Your Money, Your Goals Cohort

We are recruiting organizations to participate in the 2017 Your Money, Your Goals Cohort and we’d like to encourage you to get involved! We are looking for approximately 30 organizations from around the country who are interested in using the Your Money, Your Goals toolkit to help build the financial capability of the people they serve. We are interested in…

ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy

Bankers visit classrooms across the country on Oct. 20 to teach credit education WASHINGTON — Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…

ABA: Massachusetts Banker Named as New ABA Chairman

Savarese is second woman elected chairman in 142-year history WASHINGTON — Dorothy A. Savarese has been elected chairman of the American Bankers Association for the 2016-2017 association year. She is also the chairman, CEO and president of Cape Cod Five Cents Savings Bank, a $3 billion mutual institution based in Orleans, Mass. “Banks play such…

ABA: Survey – 1 in 3 Americans Use Mobile Deposit

62 percent of users do so at least once per month WASHINGTON — One in three Americans have deposited a check using a mobile device within the past year, according to a new survey by the American Bankers Association.  Of those who have used mobile deposit, 62 percent report using it at least once per…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

CFPB: Updated Exam Procedures for Military Lending Act Released

CFPB to Evaluate Military Lending Act Violations in its Exams of Creditors and Will Use Its Enforcement Authority in Cases of Substantial Consumer Harm WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued the procedures its examiners will use in identifying consumer harm and risks related to the Military Lending Act rule which was…

CFPB: FFIEC Announces Availability of 2015 Data on Mortgage Lending (HMDA)

The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,913 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2015 lending activity and include: applications, originations,…

ABA: Survey – Top Reasons Consumers Plan to Consult Their Bank

WASHINGTON — Car loans, mortgages and saving for college are the top reasons consumers plan to consult their bank over the next year, according to a new survey by the American Bankers Association. Two in five Americans indicated they may contact their bank about these or other important financial decisions within the next 12 months….

ABA: Foundation Honors Washington Banker with Distinguished Service Award

WASHINGTON – David Devine of Columbia Bank in Tacoma, Wash. has received the American Bankers Association Foundation George Bailey Distinguished Service Award for his work with the homeless population of the Northwest.  Devine, who is the senior vice president and marketing director for Columbia Bank, will be presented the award during ABA’s Annual Convention in…

ABA: Six Banks Honored with Community Commitment Awards

Categories range from affordable housing to community and economic development WASHINGTON — The American Bankers Association Foundation has recognized six banks for their noteworthy corporate social responsibility with a 2016 Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to community and economic development. Winners will…