FDIC: Professor Manju Puri Named as Director of Center for Financial Research
The Federal Deposit Insurance Corporation (FDIC) today announced that Professor Manju Puri, Ph.D., will serve as the director of the FDIC’s Center for Financial Research for two years starting October 1. She is currently the J. B. Fuqua Professor, Finance, at the Fuqua School of Business at Duke University. “We are fortunate to have such…
ABA: 7 Tips to Help Older Americans Keep Their Money Safe
The ABA Foundation recognizes National Grandparents Day with tips for choosing a financial caregiver WASHINGTON — In recognition of National Grandparents Day on Sept. 11 and as a part of its Safe Banking for Seniors program, the American Bankers Association Foundation is offering tips to help older Americans and their loved ones choose the right…
Interagency: OCC, FDIC & Federal Reserve Issue Study on Banking Activities and Investments
Agencies Issue Study on Banking Activities and Investments The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today released a report to the Congress and the Financial Stability Oversight Council on the activities and investments that banking entities may engage in under applicable law. Section 620…
CFPB: 4 Strategies to Help Youth Achieve Financial Capability
Today, we released a report, “Building Blocks to Help Youth Achieve Financial Capability,” which describes how young people acquire the “building blocks” of financial capability to help them navigate the financial marketplace as adults. The building blocks are: 1) executive function, 2) financial habits and norms, and 3) financial knowledge and decision-making skills. These building…
CFPB: Youth Financial Education Initiatives Unveiled
Bureau Releases Report on Teaching Financial Fundamentals and Offers a Tool for Educators Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today unveiled new resources for financial educators including Building Blocks to Help Youth Achieve Financial Capability, a report that presents a new financial capability developmental model and makes recommendations for financial education. Based on the developmental…
ABA: 10 Money Mistakes Every College Freshman Should Avoid
WASHINGTON — With the fall semester well underway, the American Bankers Association is highlighting common money mistakes college freshmen should avoid to remain financially fit through graduation. “Freshman year marks the first time many students take control of their everyday finances, so it’s important to establish good habits from the get-go,” said Corey Carlisle, executive…
FDIC: 16th Annual Bank Research Conference Held in Arlington, Virginia
The Federal Deposit Insurance Corporation (FDIC) and the Journal for Financial Services Research will sponsor the 16th Annual Bank Research Conference September 8-9, 2016. The conference features a presentation of papers and keynote addresses by FDIC Chairman Martin J. Gruenberg and Professor Douglas Diamond of the University of Chicago’s Booth School of Business. Chairman Gruenberg will…
FDIC: New Members for the Advisory Council on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) has announced the selection of eight new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section…