FDIC: First Quarter 2017 CRA Examination Schedule Released
The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the first quarter of 2017. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly…
Federal Reserve: Changes Announced to Beige Book Beginning in 2017
The Federal Reserve on Wednesday announced changes that will begin in 2017 to its Beige Book publication. The modifications will standardize specific core topics included in each of the 12 Federal Reserve Bank District reports, provide a more consistent presentation of the national summary, and enhance the design of the publication. The national summary, along with each…
findCRA Infographic: Small Businesses – Think Local This Holiday Season
Check out our infographic highlighting the impact of small businesses on the nation’s economy:
CDFI Fund: Treasury Announces $7 Billion Allocation of New Market Tax Credits
Largest single round in the history of the New Markets Tax Credit Program will spur economic, community development in nation’s distressed and low-income communities WASHINGTON–Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 120 organizations nationwide will receive a total of $7 billion in New Markets Tax Credit…
ABA: Testifies at CFPB Field Hearing on Data Access
Concerns About Consumer Protection, Consumer Control WASHINGTON — The American Bankers Association expressed concerns about consumer protections at a Consumer Financial Protection Bureau field hearing on third party access to consumer financial data today in Salt Lake City. Robert Morgan, vice president, emerging technologies at ABA testified on behalf of the association. In his testimony, Morgan explained…
CFPB: Inquiry Launched into Challenges Consumer Face in Using and Securing Sharing Access to their Digital Financial Records
WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) announced it is launching an inquiry into the challenges consumers face in accessing, using, and securely sharing their financial records. As part of the inquiry, the CFPB is asking the public for information about how much choice consumers are being given about the use of their…
CFPB: Technology is Changing How People Access their Financial Records
Many new financial innovations rely on people choosing to give a company access to their digital financial records held by another company. If you’re using these kinds of services, we’d love to hear from you. Make your voice heard. By Dan Quan and Will Wade-Gery Across the economy, technological advancements have helped make people’s lives easier and more efficient…
findCRA Announces New Partnership with AAA Scholarship Foundation
findCRA, a Louisville-based online service focused on social impact and community reinvestment, announced today that they have partnered with AAA Scholarship Foundation, Inc. (AAA), a 501(c)(3) nonprofit organization and approved Scholarship Organization serving six states. AAA Scholarship Foundation administers innovative, state-mandated tax credit scholarship programs that fund K-12 education scholarships exclusively for low-income and special…
Federal Reserve: Scope Broadened for Post-Employment Restrictions for FRB Senior Examiners and Officers
The Federal Reserve Board on Friday announced it is broadening the scope of post-employment restrictions applicable to Federal Reserve Bank senior examiners and officers. By law, senior bank examiners are prohibited for one year from accepting paid work from a financial institution that they had primary responsibility for examining in their last year of Reserve…
FDIC: Enhanced Money Smart for Small Business Curriculum Announced
The Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA) today announced enhancements to Money Smart for Small Business, a resource that provides practical guidance for starting and managing a small business. Money Smart for Small Business, a free curriculum available on the FDIC website, was jointly developed by the FDIC and SBA…