FDIC: Sixth Annual Consumer Research Symposium To Be Held In Arlington, VA
The Federal Deposit Insurance Corporation (FDIC) will sponsor the 6th Annual Consumer Research Symposium on October 28, 2016. The conference will feature a presentation of selected research papers and a keynote address by FDIC Chairman Martin J. Gruenberg. More than 80 research papers were submitted for consideration, and eight were selected to be presented at the…
CFPB: First-Ever Project Catalyst Innovation Highlights Report Released
Report Discusses Market Developments with Potential for Consumer-Friendly Innovation Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report highlighting various market developments that have the potential to produce benefits for consumers. These developments are emerging from FinTech startups and traditional financial institutions, and include new products, services, and trends. The report also…
FDIC: Share of U.S. Households without a Bank Account Drops
The number of U.S. households without a bank account fell significantly in 2015, according to the National Survey of Unbanked and Underbanked Households released by the Federal Deposit Insurance Corporation (FDIC) on Thursday. Seven percent of U.S. households were unbanked in 2015. That was the lowest share in the survey’s history and a decrease from…
ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 20 to teach credit education WASHINGTON — Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…
FDIC: Youth Savings Pilot Symposium Announced
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a symposium on fostering youth savings on Friday, October 21, 2016. The symposium, “Learning to Save – Saving to Learn,” will bring together representatives from nearly 20 banks participating in the FDIC’s Youth Savings Pilot program, as well as non-profit and school partners….
ABA: Massachusetts Banker Named as New ABA Chairman
Savarese is second woman elected chairman in 142-year history WASHINGTON — Dorothy A. Savarese has been elected chairman of the American Bankers Association for the 2016-2017 association year. She is also the chairman, CEO and president of Cape Cod Five Cents Savings Bank, a $3 billion mutual institution based in Orleans, Mass. “Banks play such…
FDIC: Advisory Committee Will Meet to Discuss Unbanked/Underbanked Survey
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, October 20, to discuss the results and release of the full FDIC National Survey of Unbanked and Underbanked Households. Other topics for discussion by the advisory committee include expanding access to safe transaction accounts, as well as initial lessons learned…
CFPB: Changes Announced to Senior Leadership
WASHINGTON, D.C. —The Consumer Financial Protection Bureau (CFPB) today announced leadership changes within the Bureau. The positions being announced today are: the Assistant Director for the Office for Older Americans; the Deputy General Counsel for Litigation and Oversight; and the Deputy General Counsel for General Law and Ethics. “I am delighted to announce today’s changes to…
CFPB: New Financial Empowerment Tools for Native Communities
We’re excited to announce the release of Your Money, Your Goals: Focus on Native Communities . This is a companion guide to the Your Money, Your Goals financial empowerment toolkit. It contains additional information, tips, and tools based on the wisdom of tribal staff and organizations that serve native communities. Its goal is to meaningfully connect the content and tools in Your…
ABA: Foundation Accepting Entries for Lights, Camera, Save! Video Contest
Local banks sponsor teen competition WASHINGTON — Banks nationwide are now accepting entries as a part of the American Bankers Association Foundation’s annual Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants will create…