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…
OCC: Comptroller Discusses Efforts to Promote Community Revitalization
NEW YORK—Comptroller of the Currency Thomas J. Curry today discussed efforts to promote community revitalization through responsibly innovative funding and other assistance to support rehabilitation of homes in distressed communities. The remarks came during his appearance at the Community Development Corporation of Long Island’s Annual Lenders Forum. Related Links Remarks (PDF) Comptroller of the Currency Thomas…
FDIC: Small Business Lending Survey Initiated
The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a survey of banks regarding their small business lending practices. The web-based survey of roughly 2,000 randomly selected FDIC-insured banks will begin in late June and will be administered by the U.S. Census Bureau on behalf of the FDIC. The Small Business Lending Survey…
CDFI Fund: 2016 CDFI Prize Competition Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is calling for interested Community Development Financial Institutions (CDFIs) or CDFI partners to submit ideas for the fiscal year (FY) 2016 CDFI Prize Competition. Up to $1 million is available for awards through the competition. While CDFIs nationwide have made great strides…
CFPB: World Elder Abuse Day: Play a Part in Prevention
It’s World Elder Abuse Awareness Day – it’s not a celebratory day, but rather a day to talk about preventing, identifying, and responding to elder abuse and financial exploitation. Whether you are an older adult, care for one, or simply know someone who is a senior, you can do something to prevent elder financial abuse….
OCC: Newsletter Focuses on Financing Community Health Centers
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled “Financing Health Centers: Supporting Community Wellness.” The articles in this edition of Community Developments Investments provide an in-depth look at bank financing of federally funded health centers that serve economically disadvantaged communities. Federally funded community…
CDFI Fund: Learn More About “Pay for Success” and CDFI’s
The Nonprofit Finance Fund (NFF), a certified Community Development Financial Institution (CDFI), will host a webinar on June 22, 2016 to explore the various roles that CDFIs have played in the first ten Pay for Success (PFS) projects to launch in the United States. The webinar will also address common questions that CDFIs have about…