CDFI Fund: Application Period for FY 2015 CDFI Bond Guarantee Program Open
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) 2015 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…
CFPB: Nationwide Effort to Advance Financial Education in Schools Launched
CFPB Publishes Resource Guide for Policymakers WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau announced that it is launching a nationwide effort to advance financial education in schools. The Bureau is publishing “Advancing K-12 Financial Education: A Guide for Policymakers,” a resource guide which contains strategies for furthering the development and implementation of financial education…
Federal Reserve: Survey Provides Information on Mobile Financial Services
The use of mobile phones to access bank accounts, credit cards, or other financial accounts continued to increase among adults in the United States last year, according to a Federal Reserve Board report, Consumers and Mobile Financial Services 2015 (PDF). The report is the Board’s fourth looking at how consumers access banking services using mobile phones (“mobile…
ABA: CFPB Prepaid Rules Could Harm Underbanked Customers
In a news release, the American Bankers Association commented on the CFPB’s proposed rulemaking regarding prepaid cards: “The CFPB’s proposed rules for prepaid products include some onerous provisions that could create insurmountable compliance barriers for banks offering the cards, ABA said in a comment letter. This would be particularly harmful for “underbanked” individuals, many of…
OCC: Deputy Comptroller of Community Affairs Discusses Community Development
NEW YORK — Deputy Comptroller for Community Affairs Barry Wides today discussed how the Public Welfare Investment authority and the Community Reinvestment Act foster community and economic development, during remarks before the Association for Neighborhood and Housing Development, Inc. Related Links Remarks (PDF) Deputy Comptroller for Community Affairs Barry Wides