OCC: Minority Depository Advisory Committee Charter Renewed
WASHINGTON – The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions. “The Minority Depository Institutions Advisory Committee provides the OCC with an invaluable perspective on the business environment affecting minority depository…
CFPB: How Parents Can Help Kids Be Smarter About Money In Everyday Situations
Over the past few months, we have written about ways parents can help put their children on a solid financial path—by developing a savings habit, by reading books with them, and by using our activities and conversation starters. Now, we’d like to offer an approach you can use anytime, anywhere, with children of all ages: Explain money as…
CFPB: Tools and Resources for Money Decisions
We understand that during your life you might face complex and important decisions about your money and finances, like how to choose and use a credit card or how to determine if you can qualify for a mortgage. An important part of our mission is to empower you to take control of your financial life…
CDFI Fund: Annual CIIS Public Data on CDFI Program Recipient Reporting Released
The Community Development Financial Institutions Fund (CDFI Fund) released today twelve years of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS). The data collected covers fiscal years (FY) 2003 through 2014. The release contains Institution Level Report (ILR) data on 777 CDFIs…
CFPB: Immigrants Facing Unique Financial Challenges
Immigrants make up a large number of consumers in America, with over 41 million living in the United States. For the subset of immigrants who don’t speak English well, accessing and using financial products and services can be a challenge. Today, the CFPB is releasing a report on financial education programs serving immigrant populations. Language barriers…
CFPB: Money Conversations With Kids Made Easier With CFPB Money As Your Grow Book Club
With our newly launched Money as You Grow book club, you can use children’s books to discuss money concepts through reading, play, and one-on-one talks. Research shows that parents and caregivers have the most influence on their children’s financial capability. If you’re like most parents, you probably recognize this—and you’re interested in setting your kids…
ABA to Congress: Smart Policies Allow Banks to Innovate, Partner with FinTech Startups
Nichols says trusted customer relationships are paramount to success WASHINGTON — Banks are innovating and partnering with startups to help benefit their customers, but smart policies are key to facilitating a modern, high-tech system, according to testimony from American Bankers Association president and CEO Rob Nichols before the House Financial Services Subcommittee on Financial Institutions and Consumer…