ABA: Foundation Releases Inaugural Survey Detailing Bank Efforts to Serve and Protect Seniors
In recognition of Family Caregivers Month, the ABA Foundation released its inaugural Older Americans Benchmarking Report, an unprecedented survey detailing how banks across the country are working with seniors and their financial caregivers to address the growing threat of elder financial fraud. To produce the report, the ABA Foundation surveyed 103 banks of all sizes…
FEMA: Build Back Stronger and Safer after Irma
As you rebuild after Hurricane Irma, take steps to make your home more resilient to future disasters. The first step is to obtain any necessary permits and follow all local building codes when rebuilding or making repairs. Contact your local code officials before beginning any construction to ensure you will meet all local building requirements….
Census Bureau: Highlighting Our Nation’s Veterans with the New “The Wealth of Veterans” Report
The U.S. Census Bureau will release a new report “The Wealth of Veterans” that uses data from the 2014 Survey of Income and Program Participation to look at how military service may influence the lifelong financial well-being of veterans. The report describes differences in the components of wealth between male veteran householders and nonveteran householders…
CDFI Fund: Program Eligibility Information Update: 2011-2015 American Community Survey Data Available for CMF and NMTC Program
The Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2011-2015 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program…
ABA: Ag Lender Survey – Farm Profitability Still Down but Improving
ABA and Farmer Mac survey shows lenders slightly more optimistic Eighty-two percent of agricultural lenders reported a decline in farm profitability in the last 12 months, according to a joint survey by the American Bankers Association and the Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A). Despite the continued decline, the survey of…
ABA Report: Credit Card Market Expands in Second Quarter, Mirroring Economic Growth
Credit card use continued to expand in the second quarter, according to the American Bankers Association’s latest Credit Card Market Monitor. Monthly purchase volumes rebounded after a seasonal decline in the first quarter, rising by 9 percent across risk tiers. On an annual basis, purchase volumes rose 4.9 percent for prime accounts and 5.2 percent…
SBA: 20 Growth Accelerator Fund Competition Recipients Announced
The U.S. Small Business Administration announces today 20 winners of the fourth Growth Accelerator Fund competition. The accelerators represent a broad set of industries and sectors from manufacturing to tech start-ups to farming with a diversified range of demographic groups. Each organization will receive from the SBA a cash prize of $50,000. In accepting these…
CFPB: Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis
Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis The Consumer Financial Protection Bureau (CFPB) today announced the launch of a new Mortgage Performance Trends tool that tracks delinquency rates nationwide. Information newly available through this tool shows that mortgage delinquency rates nationally are at their lowest point since the financial crisis….
ABA: Stonier Graduate School of Banking Announces New Advisory Board Members
The American Bankers Association announced the appointment of four new members to the advisory board of the ABA Stonier Graduate School of Banking, the industry’s preeminent graduate school offered in partnership with the University of Pennsylvania’s Wharton School. The advisory board, which consists of 14 industry leaders from across the nation, works closely with the…