CFPB: Comment Period Extended on Ways to Prevent Credit Discrimintation and Build a More Inclusive Financial System
The Consumer Financial Protection Bureau (Bureau) announced today that it will provide an additional 60 days for public comment on its Request for Information (RFI) on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit…
CFPB: Information Requested on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System
The Consumer Financial Protection Bureau (Bureau) issued today a request for information (RFI) to seek public input on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction. The Equal Credit Opportunity Act (ECOA) and…
CFPB: New “Making Ends Meet” Survey Results Released
The Bureau released the first results from the Making Ends Meet survey today. The results provide a deeper understanding of how often U.S. consumers have difficulty making ends meet and how they cope with financial shortfalls. Key results from the survey Among survey respondents, 52 percent reported they could cover expenses for two months or…
OCC: Project REACh Announced to Promote Greater Access to Capital and Credit for Underserved Populations
The Office of the Comptroller of the Currency today announced the launch of Project REACh to promote financial inclusion through greater access to credit and capital. REACh stands for Roundtable for Economic Access and Change and brings together leaders from the banking industry, national civil rights organizations, business, and technology to identify and reduce barriers…
EDA: $2 Million Invested to Support Economic Development Planning and Disaster Resiliency Efforts in Arkansas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Southeast Arkansas Economic Development District, Inc., (SEAEDD) of Pine Bluff, Arkansas, to establish a new headquarters facility in Pine Bluff. The EDA grant will be matched with $399,000 in local investment. “The Trump…
HUD: $36 Million Awarded to Promote Employment and Self-Sufficiency for Public Housing Residents
The U.S. Department of Housing and Urban Development (HUD) today awarded $36 million to public housing agencies, non-profit organizations, resident associations, and tribal grantees across the nation to hire or retain service coordinators who help connect all public housing residents with employment training, financial literacy services, educational opportunities, and health and wellness programs. Watch Secretary…
ABA: Experts Selected to Judge Top Banks in Corporate Social Responsibility
Deadline for Community Commitment Award entries extended to July 19 WASHINGTON — The American Bankers Association Foundation today is pleased to announce the list of national experts responsible for judging the banking industry’s 2019 Community Commitment Awards. The CCA program recognizes banks of all sizes and charters across the country for their corporate social responsibility efforts…
Federal Reserve: Report on the Economic Well-Being of U.S. Households Issued
The Federal Reserve Board’s latest Report on the Economic Well-Being of U.S. Households found that most measures of economic well-being and financial resilience in 2018 were similar to, or slightly better than, those in 2017. Overall, the financial experiences reported by the 11,000 adults surveyed in 2018 were largely positive, and many families have experienced substantial gains…
SBA: National Small Business Week Kicks Off in Washington, D.C. May 5-6
America’s top small businesses to be honored for their achievements Acting Administrator Chris Pilkerton, the head of the U.S. Small Business Administration, will kick off the 2019 National Small Business Week events in Washington, D.C. on May 5-6. Small business owners, industry leaders and other award winners from around the country will gather in D.C. to be recognized…
ABA: Banks Urged to Submit Nominations for ABA Foundation’s Community Commitment Awards
Deadline for entries is July 12 WASHINGTON — Starting today, the American Bankers Association Foundation urges banks across the nation to submit nominations for its sixth annual Community Commitment Awards. The awards, one of the industry’s top honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the…