The FDIC could improve its future efforts to increase consumer participation in the insured banking system by incorporating more best practices in its strategic planning process, the agency’s Office of Inspector General concluded.
The Treasury Department’s Community Development Financial Institutions Fund today awarded $26 million to 158 FDIC-insured banks through the fiscal year 2021 round of the Bank Enterprise Award Program.
In a wide-ranging interview with American Banker, ABA Chair Scott Anderson discussed his objectives for the year ahead and touched on a number of key industry issues.
In his first public address as ABA’s new chair, Scott Anderson outlined two big-ticket priorities as he takes the board’s helm: ensuring racial and financial equality and credit union reform.
In a statement for the record shared ahead of a House Financial Services Subcommittee hearing on economic and racial justice in the aftermath of George Floyd’s death, the American Bankers Association emphasized the banking industry’s commitment to diversity, equity and inclusion and highlighted some of the DEI and financial inclusion initiatives banks are implementing across the country.
With the 117th Congress preparing to tackle additional coronavirus relief, as well as a broad range of other policy items, the American Bankers Association on Friday released its 2021 Blueprint for Growth.
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Economic and business-related effects vastly outrank health outcomes when it comes to the impact of COVID-19 on low-to-moderate-income communities, according to a Federal Reserve survey today.
Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system, FDIC Chairman Jelena McWilliams said today.
Speaking at the ABA Risk and Compliance Virtual Conference this morning, ABA President and CEO Rob Nichols praised the industry’s response to the coronavirus pandemic and emphasized that bankers must respond with equal passion and determination to address longstanding racial inequities.