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Browsing: Community Banking
The FDIC board today voted to approve an update to its policy statement on minority…
The Treasury Department today awarded $1.25 billion in COVID-19 relief grants to 863 community development financial institutions through its CDFI Rapid Response Program.
The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital.
As part of American Housing Month, the ABA Foundation today released a new infographic highlighting gaps in homeownership rates, barriers faced by younger generations and communities of color trying to own a home—as well as resources banks offer to overcome those barriers.
The American Bankers Association added three banks to its Nasdaq Community Bank Index (ABAQ) today. The index now includes 301 community banks with a combined market cap of $309.8 billion.
Banks help first-time borrowers tackle the high cost of homeownership.
Ahead of the release of the president’s budget tomorrow, Treasury Secretary Janet Yellen told House appropriators that funding is needed for the Financial Crimes Enforcement Network to build its beneficial ownership database—something ABA has long advocated for.
FDIC-insured banks and savings institutions earned $76.8 billion in the first quarter of 2021, a 315.3% increase from a year ago, the FDIC reported today in its Quarterly Banking Profile.
An estimated 124.2 million households were considered “banked” in 2019, with at least one member having a checking or savings account, according to FDIC figures that were highlighted in a new report from the American Bankers Association today on access to the banking system.