ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the last 10 years, ABA has…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Cuyahoga Metropolitan Housing Authority
174 units of deeply affordable rental homes to be preserved for low-income seniors in Cleveland, Ohio The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 28 announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Cuyahoga Metropolitan Housing Authority (CMHA) in Cuyahoga County, Ohio, to preserve…
ABA: Foundation Launches 2022 Financial Education Campaigns and Unveils New Free Resources for Banks
The American Bankers Association Foundation today launched its 2022 financial education campaigns, calling on America’s banks and their more than two million employees across the nation to participate in these important and effective industry-wide efforts to promote consumer financial readiness. This year, the ABA Foundation will offer four specific initiatives that encourage banker volunteers to…
ABA: National Survey Results Detailing Bank Efforts to Protect Seniors from Financial Exploitation Released
Banks across the country continue to dedicate extensive resources to protect older customers from financial abuse, according to the 2021 Older Americans Benchmarking Report released today by the ABA Foundation. The biennial report, the most expansive survey of the banking industry’s efforts to protect seniors, captures data on how U.S. banks are protecting and serving their older…
FDIC: New Tool Released to Build Financial Capability
FDIC released How Money Smart Are You? on September 30th. This suite of 14 self-paced games and related resources is the newest addition to FDIC’s Money Smart product family. This new educational tool provides practical knowledge to help consumers manage their finances with confidence. Users play games to learn more about borrowing money, managing debt, saving and…
ABA: Six Banks Win ABA Foundation’s 2021 Community Commitment Awards
Banks of all sizes earn banking industry’s highest honor awards for community programs The American Bankers Association Foundation named six banks as 2021 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in six specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in…
HUD: $143 Million in Grants to Support Construction and Project Rental Assistance for New Multifamily Housing and Very Low-Income Seniors
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for very low-income seniors. The awards were made…
HUD: $30 Million Awarded to Help Low-Income Elderly Homeowners Age in Place
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in…
FDIC: CFPB and FDIC Release Enhanced Version of Money Smart for Older Adults
The Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults. The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide. The enhancements to Money Smart for Older…
CFPB: FDIC and CFPB Release Enhanced Version of Money Smart for Older Adults
The Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults.The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide . The enhancements to Money Smart for Older Adults are…