Interagency: OCC, FDIC & Federal Reserve Issue Study on Banking Activities and Investments
Agencies Issue Study on Banking Activities and Investments The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today released a report to the Congress and the Financial Stability Oversight Council on the activities and investments that banking entities may engage in under applicable law. Section 620…
CFPB: Youth Financial Education Initiatives Unveiled
Bureau Releases Report on Teaching Financial Fundamentals and Offers a Tool for Educators Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today unveiled new resources for financial educators including Building Blocks to Help Youth Achieve Financial Capability, a report that presents a new financial capability developmental model and makes recommendations for financial education. Based on the developmental…
FDIC: 16th Annual Bank Research Conference Held in Arlington, Virginia
The Federal Deposit Insurance Corporation (FDIC) and the Journal for Financial Services Research will sponsor the 16th Annual Bank Research Conference September 8-9, 2016. The conference features a presentation of papers and keynote addresses by FDIC Chairman Martin J. Gruenberg and Professor Douglas Diamond of the University of Chicago’s Booth School of Business. Chairman Gruenberg will…
FDIC: New Members for the Advisory Council on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) has announced the selection of eight new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section…
CDFI Fund: Public Data for NMTC Program for 2003-2014 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2014. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual report detailing how they…
OCC: Members Sought for OCC’s Mutual Savings Association Advisory Committee
WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Mutual Savings Association Advisory Committee (MSAAC). The MSAAC will provide the OCC with advice and recommendations regarding the current and future circumstances and needs of mutual savings associations. The OCC is seeking nominations of officers or directors…
OCC: Members Sought for OCC’s Minority Depository Institutions Advisory Committee
WASHINGTON — The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of officers or directors of OCC-regulated minority depository institutions, or officers…
ABA: Online, Mobile Banking Most Popular With Consumers
WASHINGTON — More than half of Americans manage their bank accounts online more often than any other method, according to a recent survey by the American Bankers Association. Mobile banking ranked as consumers’ second most preferred way to bank, with about one in five people taking to their mobile devices to conduct their banking business….
CDFI Fund: Upcoming Webinar – AEO’s Innovation Challenge Solution
The Association for Enterprise Opportunity (AEO) will host a webinar on September 8, 2016 to provide additional insight into its winning 2015 CDFI Fund Innovation Challenge solution. AEO’s proposed solution is a screening and assessment tool that will match small business owners who have been declined by traditional lenders with CDFIs that may be able to…
CFPB: Guide and Best Practices Issued to Help Communities Create Protection Partnerships for Seniors
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a report that found that hundreds of counties around the country have developed coordinated community-based efforts to prevent, detect, and respond to elder financial exploitation. The report also found that a strong collaboration among community stakeholders – like financial institutions, adult protective services, and law…