CDFI Fund: Final Webinar Training Schedule for Expanding CDFI Coverage in Underserved Areas Released
The final five webinars for the Community Development Financial Institutions Fund (CDFI Fund)’s Expanding CDFI Coverage in Underserved Areas training series have been scheduled. The series, part of the CDFI Fund’s Capacity Building Initiative, provides specialized training and technical assistance to certified and emerging CDFIs to extend their reach into certain underserved communities in the…
OCC: National Financial Capability Month Recognized in Capitol Hill Event
WASHINGTON — The Office of the Comptroller of the Currency (OCC) recognized National Financial Capability Month by participating in the annual Financial Literacy Day on Capitol Hill event today. OCC staff distributed financial capability materials at the event, including the agency’s Financial Literacy Update and the OCC’s Consumer Advisories. Staff also highlighted the OCC’s HelpWithMyBank.gov Web site, which provides…
OCC: Perspective on Responsible Innovation Published; Feedback Solicited
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its perspective on responsible innovation in the federal banking system and solicited feedback on what more it could do to support innovation that better serves consumers, businesses, and communities. In Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective, the agency summarizes its…
Federal Reserve: New Survey Provides Information on Mobile Financial Services
Mobile banking use continued to rise last year as smartphone adoption grew and consumers were increasingly drawn to the convenience of mobile financial services, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2016, released on Wednesday. The report documents consumers’ use of mobile phones–Internet-enabled smartphones as well as more basic phones with limited…
CDFI Fund: Upcoming Deadlines for FY 2016 CDFI and NACA Programs Round
As a reminder for potential fiscal year (FY) 2016 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is March 18, 2016 at 11:59 PM Eastern. The deadline for online…
CDFI Fund: Important Update for FY 2016 Capital Magnet Fund Applicants – Award Amount & FAQs
The Community Development Financial Institutions Fund (CDFI Fund) has determined that there will be $93,472,163 available in awards under the fiscal year (FY) 2016 round of the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund provides competitively awarded grants to CDFIs and qualified nonprofit housing organizations. Capital Magnet Fund awards finance affordable…
CDFI Fund: Award Management Information System (AMIS) Is Available
The Community Development Financial Institutions Fund (CDFI Fund) launched the Awards Management Information System (AMIS) in September 2015. AMIS is an enterprise-wide business system that is gradually replacing the myCDFIFund portal. Since the launch we have continued to implement updates and improvements to the AMIS tool, including accepting applications for our award programs directly in…
CDFI Fund: Capital Magnet Fund Update
The Community Development Financial Institutions Fund (CDFI Fund) has released an updated Frequently Asked Questions (FAQ) document on its website, www.cdfifund.gov/cmf, to assist potential applicants to the fiscal year (FY) 2016 round of the Capital Magnet Fund. Topics updated in the FAQ include affordability requirements, use of Capital Magnet Fund funds with other CDFI Fund program…
ABA: Teen Named Grand Prize Winner Of National Video Contest
WASHINGTON—In recognition of America Saves Week, the American Bankers Association Foundation announced today the three national winners for its 2015-2016 Lights, Camera, Save! video contest. The winning videos were revealed through a live broadcast on the association’s YouTube channel. The judging panel, which consisted of personal finance and communications experts, awarded Nathan Mitchell of Waco, Texas the grand prize for his…
CDFI Fund: CDFI and NACA Program Electronic Application Available
The electronic applications for the fiscal year (FY) 2016 round of the CDFI Program and NACA Program are now available in the Community Development Financial Institutions Fund (CDFI Fund)’s Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their existing…