Podcast: Maggie L. Walker’s Historic Mission of Financial Empowerment
Historian Shennette Garrett-Scott tells the story of Maggie Lena Walker and her mission to help Black women find financial empowerment and professional career opportunities.
Browsing: Minority depository institutions
Brainard Highlights CRA Reform Proposals for Minority Banks
Speaking to the National Bankers Association, Federal Reserve Governor Lael Brainard today highlighted four new provisions specific to minority depository institutions in the Fed’s recent Community Reinvestment Act modernization proposal.
McWilliams Emphasizes Innovation’s Role in Financial Inclusion
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.
Podcast: Minority Banks and Financial Inclusion
First Independence Bank was founded 50 years ago to help rebuild Detroit’s economy in the wake of damaging urban violence. Today, in a new era of economic hardship due to the coronavirus pandemic, and protests and unrest in response to incidents of racial injustice, minority depository institutions continue to have a unique role in serving distressed communities.
FDIC: Minority Bank Performance Remained Sound in 2019
Financial performance among minority depository institutions remained sound through the end of 2019, according to the FDIC’s annual report on preserving and promoting MDIs.
ABA, National Bankers Association Announce Partnership to Strengthen Minority Banks
ABA this morning announced a strategic partnership with the National Bankers Association to promote the health and well-being of minority depository institutions.
House Passes ABA-Backed Bills to Support MDIs
The House Financial Services Committee today unanimously approved two ABA-supported bills intended to address the decline in minority depository institutions and create opportunities for community development financial institutions.
ABA Urges Committee Approval for Minority Banking Bills
Ahead of a House Financial Services Committee vote today, ABA expressed support for legislation that addresses the decline in minority depository institutions and creates opportunities for community development financial institutions.
McWilliams Outlines FDIC Steps to Strengthen Minority Banks
The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington.
FDIC Report: MDI Financial Performance Improved in Last Five Years
Financial performance among minority depository institutions has significantly improved in the last five years, particularly in terms of loan performance, according to new research from the FDIC.