CFPB: Technology is Changing How People Access their Financial Records
Many new financial innovations rely on people choosing to give a company access to their digital financial records held by another company. If you’re using these kinds of services, we’d love to hear from you. Make your voice heard. By Dan Quan and Will Wade-Gery Across the economy, technological advancements have helped make people’s lives easier and more efficient…
Federal Reserve: Scope Broadened for Post-Employment Restrictions for FRB Senior Examiners and Officers
The Federal Reserve Board on Friday announced it is broadening the scope of post-employment restrictions applicable to Federal Reserve Bank senior examiners and officers. By law, senior bank examiners are prohibited for one year from accepting paid work from a financial institution that they had primary responsibility for examining in their last year of Reserve…
FDIC: Enhanced Money Smart for Small Business Curriculum Announced
The Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA) today announced enhancements to Money Smart for Small Business, a resource that provides practical guidance for starting and managing a small business. Money Smart for Small Business, a free curriculum available on the FDIC website, was jointly developed by the FDIC and SBA…
OCC: Web-Based System for Licensing and Public Welfare Investment Filings to Launch in 2017
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will launch a web-based system for banks to file licensing and public welfare investment applications and notices beginning early next year. The Central Application Tracking System (CATS) is designed to help authorized national banks, federal savings associations, and federal branches and agencies to draft,…
ABA: National Judges Set to Select 2016-2017 Saving Star
Lights, Camera, Save! Video Contest Accepting Entries through Dec. 1 WASHINGTON – The American Bankers Association Foundation has announced its Lights, Camera, Save! national judging panel, along with the list of 118 participating banks, who will hold 139 contests in 47 states and the District of Columbia through Dec. 1. Contest winners will be announced during…
FDIC: New Resource Announced for Community Banks – Affordable Mortgage Lending Guide Part II
The Federal Deposit Insurance Corporation (FDIC) published a new guide to help community bankers learn more about grant and mortgage loan programs offered by State Housing Finance Agencies. The Affordable Mortgage Lending Guide, Part II: State Housing Finance Agencies describes programs offered by State Housing Finance Agencies across the country. The guide focuses on first-lien mortgage…
FDIC: Meeting Announced of the Advisory Committee on Community Banking
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, November 3. Senior staff will discuss and provide updates on the FDIC’s Community Banking Initiative, efforts to support de novo formations and to develop the next generation of bankers, and FDIC assessment rates. There…
ABA: Survey Shows Consumers Trust Banks Most To Keep Their Payments Safe
Twenty-one percent of consumers have used mobile app to make payment WASHINGTON — An overwhelming majority of consumers — 82 percent — trust banks most to keep their payments safe, according to a recent survey from the American Bankers Association. Only 3 — 4 percent of consumers trust major retailers or telecom companies to protect their payments. “Banks always make the…
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…
OCC: Responsible Innovation Framework Released
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand, and respond to financial innovation affecting the federal banking system. “The OCC supports responsible innovation that enhances the safety and…