CRA Newswire

CDFI Fund: Request for Public Comment – Bank Enterprise Award Program Application

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the…

CDFI Fund: Request for Public Comment – Bank Enterprise Award Program Interim Rule

The U.S. Department of the Treasury invites the general public and other Federal agencies to take this opportunity to comment on its revised interim rule implementing the Bank Enterprise Award Program (BEA Program), administered by the Community Development Financial Institutions Fund (CDFI Fund). The purpose of the BEA Program is to provide an incentive to…

Federal Reserve: Community Depository Institutions Advisory Council Members for 2017 Announced

The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2017. CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift…

ABA: Foundation Seeking Hosts for 7th Annual Lights, Camera, Save! Video Contest

Local banks urged to sponsor teen competition WASHINGTON — The American Bankers Association Foundation is urging local banks to participate in its Lights, Camera, Save! video contest. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. Through Lights, Camera, Save!, teen participants will create a…

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 May 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

ABA: Foundation Invites Volunteers for 2016 “Get Smart About Credit” Day

Calling on banker volunteers to help their local youth become financially fit WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers for its annual Get Smart About Credit program, an initiative designed to teach teens and young adults how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct….

OCC: CRA Evaluations for 25 Nationals 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 July 1, 2016 through July 31, 2016.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received…

Regulated Financial Institutions to Submit Self-Assessments of Diversity Policies and Practices

The federal banking agencies today provided information on how the financial institutions they regulate may begin to submit self-assessments of their diversity policies and practices as of year-end 2015, and issued Frequently Asked Questions (FAQs) about the process. Financial institutions are strongly encouraged to disclose on their websites their diversity policies and practices, as well…