The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is calling for interested Community Development Financial Institutions (CDFIs) or CDFI partners to submit ideas for the fiscal year (FY) 2016 CDFI Prize Competition. Up to $1 million is available for awards through the competition. While CDFIs nationwide have made great strides…
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 March 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2016 through May 31, 2016. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received…
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third 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 submitted to…
Mobile banking can help underserved consumers obtain more control over their finances and increase access to mainstream banking, according to a Federal Deposit Insurance Corporation (FDIC) report released today. The report was released at a meeting of the FDIC’s Advisory Committee on Economic Inclusion (ComE-IN), which focused on Mobile Financial Services (MFS). The paper, Opportunities for…