ABA today released “DEI Foundations: Practices to Accelerate Your Bank’s DEI Journey,” a new book by Naomi Mercer, ABA’s senior vice president of diversity, equity and inclusion, which details ways banks and other businesses can expand and enhance their diversity, equity and inclusion initiatives.
Browsing: Financial inclusion
Anderson announced the launch of a new book by ABA SVP Naomi Mercer: “DEI Foundation: Practices for Accelerating Your Bank’s DEI Journey.”
NFIP is “essential” so borrowers in flood-prone areas can access mortgage collateral and insurance to protect their properties, ABA said.
Nearly 8 in 10 U.S. households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. Households released today.
In a special bonus episode of the ABA Banking Journal Podcast, ABA’s Rob Morgan digs into the association’s comments on the Federal Reserve’s discussion paper on central bank digital currencies.
As the banking industry works to address the 7.1 million households that are unbanked in the United States, ABA has unveiled a new infographic highlighting how Bank On-certified accounts can provide consumers with safe, affordable access to the mainstream financial system.
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.
A recent report issued by the Government Accountability Office found that some banking regulators lack “outcome-oriented measures” in assessments of their efforts to increase banking access to unbanked and underbanked consumers.
In 2021, 94.8% of low- and moderate-income households were nearby a branch offering a certified Bank On account—which feature low costs, minimum deposits, and no overdraft fees—up from 65.4% in 2015. Learn more about the progress of the Bank On movement at aba.com/BankOn.