ABA supports the proposed changes’ goals, but said without refinement they would have unintended consequences, particularly in rural areas.
Browsing: Community development
The ABA Foundation yesterday honored seven banks for outstanding commitment to their communities.
The Community Development Financial Institutions Fund is asking for public feedback to refine the criteria it should use to designate “minority lending institutions” as a subset of CDFIs.
Ahead of a House Financial Services subcommittee hearing on the joint agency proposal to update the Community Reinvestment Act, the American Bankers Association cautioned lawmakers that certain aspects of the proposal are unlikely to accomplish the goals of regulatory modernization.
The Community Development Financial Institutions Fund today opened its funding round for fiscal year 2022 funding for its small-dollar loan program.
In a recent op-ed, ABA’s vice chair pushes back at FHLB critics, saying the system plays a critical lender role in supporting the economy with liquidity in good times and bad.
The Federal Reserve, FDIC and OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act.
ABA joined the California and Georgia bankers associations with voter education ads thanking two lawmakers for their work supporting communities.
The ABA Foundation invites entries for the tenth annual Community Commitment Awards, which recognize and promote extraordinary bank commitment to communities and the innovative, high-impact programs that improve the quality of life for customers and the communities banks serve.
ABA and four other trade groups today urged House and Senate appropriations leaders to continue bipartisan support for the CDFI Fund