CRA Newswire

CDFI Fund: Bond Guarantee Program Application Period for FY 2016 Opened

Up to $750 Million in Bond Guarantee Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2016 application period for the CDFI Bond Guarantee Program. Application materials are available on the CDFI Fund’s website in anticipation of the publication of the Notice of Guarantee…

ABA: Registration Opens for ABA Foundation’s 2016 Financial Education Initiatives

ABA Foundation calls for banker volunteers to increase financial capability in local schools ​WASHINGTON — The American Bankers Association Foundation is calling for banker volunteers to register for its annual Teach Children to Save campaign and other 2016 financial education initiatives. Now in its 20th year, the Teach Children to Save program is a national campaign that encourages banker…

FDIC: Consumer Newsletter Features Shopping Tips for Loans and Credit Cards

Many people searching for a new loan or credit card may not be in the best position to get the right product for their needs and at the lowest possible cost. The latest FDIC Consumer News features tips on how to be better informed and better prepared before applying for credit while avoiding costly mistakes. The Fall 2015 edition…

CFPB: Tool Released To Help Measure Financial Well-Being

Resource Will Provide Questions Financial Educators Can Use to Assess the Financial Wellness of Consumers WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is releasing a tool to measure consumer financial well-being, based on a definition that the Bureau released in January 2015. This first-of-its-kind tool provides questions that educators and others working to…

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 September 2015. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

OCC: CRA Evaluations for 25 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 November 1, 2015 through November 30, 2015. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received…

OCC: First Quarter 2016 CRA Examination Schedule Released

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first 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…