The Treasury Department’s Community Development Financial Institutions Fund is today announcing $19 million in funding for the fiscal year 2016 Bank Enterprise Awards, which encourage banks to increase their investments and loans in disadvantaged communities. The BEA program is the only program to which CDFI banks have had regular access in recent years. The first deadline in the application process for BEA funds is April 5 and the final application deadline is April 19.
The new Q&As cover key implementation topics such as the use of the digital sign and placement of the official sign in bank branches, the agency said.
The top lawmakers on the House Financial Services Committee introduced a bill that would direct regulators to study the potential benefits and risks of AI in the financial and housing markets and propose possible regulations.
ABA has added six banks to the ABA NASDAQ Community Bank Index. The index includes 248 community banks with $240.4 billion in market capitalization.
The Financial Stability Board recently released its 2024 list of global systemically important banks. The list identifies 29 G-SIBs, the same as last year.
The Basel Committee on Banking Supervision unanimously reaffirmed their expectation that participating countries implement all aspects of the Basel III framework in full, “consistently and as soon as possible."
Construction spending in October was at a seasonally adjusted annual rate of $2.17 trillion, 0.4% above the revised September estimate, the Commerce Department said.
