ABA: Foundation Invites Volunteers for 2015 “Get Smart About Credit” Day
Calling on banker volunteers to help their local teens become financially fit WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers for its annual Get Smart About Creditprogram, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 15 and throughout the…
OCC: Focus On Increasing Sustainable Loan Modifications And Reducing Foreclosures
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled “Hardest Hit Fund: State Programs to Improve Loan Modification Sustainability and Stabilize Communities.” “There is no single solution for increasing sustainable loan modifications and reducing foreclosures,” said Comptroller of the Currency Thomas J….
OCC: Technical Assistance Event Announced
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will co-host a technical assistance event for minority- and women-owned businesses interested in federal contracting opportunities on August 12, at George Mason University in Arlington, Va. The OCC, Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Department of the Treasury,…
ABA: Interactive Map of Bank CSR Efforts Launched
The ABA Foundation, ABA’s 501(c)(3) nonprofit affiliate, is today unveiling a new online tool to showcase banks’ corporate social responsibility programs. Building on entries in ABA’s Community Commitment Awards since 2012, the interactive map can be searched by state, category and bank asset size. The map can be used by members of the media and…
OCC: Education Event for Minority- and Women-Owned Businesses
WASHINGTON — The Office of the Comptroller of the Currency (OCC) will host an educational event for minority- and women-owned businesses at its headquarters in Washington, D.C., on July 22 from 9:30 a.m. until 12:30 p.m. “Managing for Long-Term Success,” presented by Dr. Leonard Greenhalgh of the Tuck School of Business at Dartmouth College, is…
OCC: Comptroller of the Currency Thomas Curry Discussed Community Redevelopment
NEW ORLEANS — Comptroller of the Currency Thomas J. Curry today discussed resources that aid redevelopment and revitalization of communities following natural disasters and other events. His remarks came during the Comeback Communities Conference, which helped mark the 10 years of recovery for New Orleans and the Gulf Coast following Hurricane Katrina in 2005. Related…
CFPB: Financial Well-Being Initiative Targeted to People with Disabilities Launched
ROADS to Financial Independence Initiative Will Pilot in Six Communities Nationwide WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is announcing the launch of the Reach Outcomes. Achieve Dreams. Succeed. (ROADS) to Financial Independence initiative, which is aimed at improving the financial well-being and economic security of individuals with disabilities. The initiative, which is piloting with…
ABA: Celebrating Housing Choices, American Housing Month
WASHINGTON — The American Bankers Association and bankers across the country are celebrating American Housing Month throughout June. In the coming month, ABA will provide consumers with information on how to gauge whether the time is right to buy a home, what they need to know to select a reputable lender, how to obtain the…
Federal Reserve: Report on the Economic Well-Being of U.S. Households
The Federal Reserve Board’s latest survey of the financial and economic conditions of American households released Wednesday finds that individuals’ overall perceptions of financial well-being improved modestly between 2013 and 2014 but their optimism about future financial prospects increased significantly. The 2014 Survey of Household Economics and Decisionmaking, provides new insight into Americans’ economic security, housing and…
CFPB: Financial Coaching Initiative Launched
Program Targets Transitioning Veterans and Economically Vulnerable Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching its Financial Coaching Initiative, targeting recently-transitioned veterans and economically vulnerable consumers to help them with their financial goals. The program places 60 certified financial coaches at organizations around the country to provide individualized educational services. “Having…