CDFI Fund: FY 2017 Round BEA Program Application Submission Deadline Extended to December 14th
On September 29, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Funds Availability (NOFA) for the Bank Enterprise Award Program (BEA Program) that the deadline for submitting the FY 2017 BEA Program Application (Application) via the CDFI Fund’s Award Management Information System (AMIS) was 5:00 p.m. Eastern Time on…
CFPB: Five Ways Banks and Lenders Work with People Who Speak or Understand Limited English
By Alice Chang and Dubis Correal and Holly Zaharchuk More than one out of every 12 people over the age of five in the U.S. are limited English proficient (LEP), meaning that they speak English less than very well, according to the U.S. Census Bureau’s 2016 American Community Survey One-Year Estimates. LEP consumers may…
Census Bureau: Services Sector Revenue Rises to $15.5 Trillion
Revenue generated by service sector firms increased 4.4 percent between 2015 and 2016, according to statistics from the U.S. Census Bureau’s 2016 Service Annual Survey (SAS). Revenue for all service sectors covered by the program is estimated at $15.5 trillion for 2016. This is the first SAS release to include information for the North American…
Joint Release: Agencies Amend CRA Regulations to Conform to HMDA Regulation Changes and Remove References to the Neighborhood Stabilization Program
The federal bank regulatory agencies have amended their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). Since 1995, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and…
ABA: National Judges Set to Select 2017-2018 Lights, Camera, Save! Winners
Teen Video Contest Accepting Entries through Dec. 1 WASHINGTON – The American Bankers Association Foundation has announced its Lights, Camera, Save! national judging panel, along with the list of 157 participating banks, who will hold 173 contests in 45 states through Dec. 1. Contest winners will be announced during America Saves Week 2018. The Lights,…
Federal Reserve: Speech | Where Do Consumers Fit in the FinTech Stack?
Where Do Consumers Fit in the Fintech Stack? Governor Lael Brainard The new generation of fintech tools offers the potential to help consumers manage their increasingly complicated financial lives, but also poses risks that will need to be managed as the marketplace matures.1 In many ways, the new generation of fintech tools can be seen…
FDIC: Banker Teleconference Series: Small Business Resources for Community Banks
Printable Format: FIL-59-2017 – PDF (PDF Help) Summary: The FDIC will discuss small business resources and research pertinent to community banks, including the Money Smart for Small Businesses financial education program; the FDIC’s Small Business Lending Survey; and Community Reinvestment Act consideration for small business lending, services, and investments. A teleconference is scheduled for Tuesday,…