CRA Newswire

CFPB: Immigrants Facing Unique Financial Challenges

Immigrants make up a large number of consumers in America, with over 41 million living in the United States. For the subset of immigrants who don’t speak English well, accessing and using financial products and services can be a challenge. Today, the CFPB is releasing a report on financial education programs serving immigrant populations. Language barriers…

CFPB: Money Conversations With Kids Made Easier With CFPB Money As Your Grow Book Club

  With our newly launched Money as You Grow book club, you can use children’s books to discuss money concepts through reading, play, and one-on-one talks. Research shows that parents and caregivers have the most influence on their children’s financial capability. If you’re like most parents, you probably recognize this—and you’re interested in setting your kids…

ABA to Congress: Encourage Growth, Remove Barriers to Bank Startups

  Louisiana community banker calls for creative solutions to stimulate new banks WASHINGTON — New banks help build communities and their growth is being stifled by unrealistic capital hurdles, unreasonable funding constraints and excessive regulation, according to testimony from the American Bankers Association before the House Oversight and Reform Committee today. “New entrants into any industry are…

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: CRA Evaluations Released for 19 National Banks and Federal Savings Associations

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2016 through June 30, 2016.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

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…