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: 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: 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…