The Federal Reserve, FDIC and OCC today announced an interim final rule allowing Treasury investments made to community development financial institutions and minority depository institutions under the newly established Emergency Capital Investment program qualify as regulatory capital. Comments are due 60 days after publication in the Federal Register.
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The banking agencies today updated a list of frequently asked questions related to the Community Reinvestment Act and the coronavirus pandemic.
Bankers and CDFIs partner with nonprofits to keep childcare businesses open—especially for America’s vulnerable essential workers.
The Treasury Department today announced that it will invest $9 billion in community development financial institutions and minority depository institutions through the newly established Emergency Capital Investment Program.
The Treasury Department’s Community Development Financial Institutions Fund today announced the opening of the fiscal year 2021 funding round for the CDFI Rapid Response Program, which will provide $1.25 billion to help CDFIs respond to the pandemic.
ABA has joined the a broad coalition of finance, fair housing and community development advocates to support the Neighborhood Homes Investment Act, a bipartisan Senate bill, S. 98, introduced by Sens. Ben Cardin (D-Md.) and Rob Portman (R-Ohio).
From offering bitcoin rewards checking to meeting the unique credit needs of gig workers and sole practitioners, Quontic Bank depends on innovative ideas and execution.
Southern Bancorp’s high-touch focus on pairing in-depth financial counseling with a Bank On-certified checkless checking account to help reach the unbanked in the Delta.
The federal banking agencies today released 2019 Community Reinvestment Act data on small business, small farm and community development lending.
The ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA’s 2020 Community Commitment Awards. These stories present the perfect inspiration as we prepare for the season of thanks and giving.