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Browsing: Community Banking
FDIC Updates Statement of Policy on MDIs
The FDIC board today voted to approve an update to its policy statement on minority…
Treasury Awards $1.25 Billion in COVID-19 Relief Grants to CDFIs
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.
FDIC Proposes to Align Real Estate Lending Standards with CBLR
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.
ABA Foundation Releases Infographic on Gaps in Homeownership Rates
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.
Three Banks Added to ABAQ Index
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.
A Hand Up with a Down Payment
Banks help first-time borrowers tackle the high cost of homeownership.
Yellen: Funding Needed for FinCEN’s Beneficial Ownership Database, CDFIs
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: Bank Profits Strong in First Quarter Amid Economic Recovery
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.
New ABA Report Examines Americans’ Access to Banking Services
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.