CRA Newswire

OCC: CRA Evaluations for 21 National Banks and Federal Savings Associations Released

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 May 1, 2016 through May 31, 2016. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received…

findCRA Announces New Partnership with the Financial Counseling Association of America

findCRA, a Louisville-based online platform focused on social impact and community reinvestment, announced today that they have partnered with the Financial Counseling Association of America (FCAA). FCAA is the largest national association representing both non-profit and for profit financial counseling companies that provide consumer credit counseling, housing counseling, student loan counseling, bankruptcy counseling, debt management and…

OCC: Third Quarter 2016 CRA Evaluation Schedule Issued

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third quarter of 2016. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be submitted to…

ABA: 6 Financial Traps New College Graduates Should Avoid

WASHINGTON — As college seniors across the nation graduate and start their careers, their financial lifestyle should be top of mind, says the American Bankers Association. ABA has highlighted six traps new college graduates should avoid to fortify their finances as they transition from the dorm to the office.  “Now is the time for college…

FDIC: Third Quarter 2016 CRA Examination Schedule Issued

The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the third quarter of 2016. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly…

FDIC: Report Shows Mobile Banking Can Help Underserved Consumers

Mobile banking can help underserved consumers obtain more control over their finances and increase access to mainstream banking, according to a Federal Deposit Insurance Corporation (FDIC) report released today. The report was released at a meeting of the FDIC’s Advisory Committee on Economic Inclusion (ComE-IN), which focused on Mobile Financial Services (MFS). The paper, Opportunities for…