Several Core Providers to Cover Cost for MDIs to Join RTP Network

The Clearing House, Jack Henry, FIS and Fiserv announced today that they will cover the cost for minority-owned depository institutions ...

McWilliams Previews FDIC’s ‘Mission-Driven Bank Fund’ to Support CDFIs, MDIs

Community Banking

April 19, 2021

The FDIC is setting up a Mission-Driven Bank Fund to help support minority depository institutions and community development financial institutions, ...

Banking Agencies to Allow Treasury’s Emergency Capital Investments to Count as Bank Capital

Newsbytes

March 9, 2021

The Federal Reserve, FDIC and OCC today announced an interim final rule allowing Treasury investments made to community development financial ...

Fed Clarifies Guidance on MDIs

Newsbytes

March 5, 2021

The Federal Reserve today clarified its guidance on how it defines minority depository institutions, and expanded its definition to include ...

Treasury Announces $9 Billion Investment in CDFIs, MDIs

Newsbytes

March 4, 2021

The Treasury Department today announced that it will invest $9 billion in community development financial institutions and minority depository institutions ...

FDIC Publishes Strategic Plan to Enhance DEI Efforts

Newsbytes

March 3, 2021

The FDIC today released a strategic plan outlining how it will focus its internal and external diversity, equity and inclusion ...

Podcast: Maggie L. Walker’s Historic Mission of Financial Empowerment

ABA Banking Journal Podcast

February 24, 2021

Historian Shennette Garrett-Scott tells the story of Maggie Lena Walker and her mission to help Black women find financial empowerment ...

Brainard Highlights CRA Reform Proposals for Minority Banks

Community Banking

October 15, 2020

Speaking to the National Bankers Association, Federal Reserve Governor Lael Brainard today highlighted four new provisions specific to minority depository ...

McWilliams Emphasizes Innovation’s Role in Financial Inclusion

Newsbytes

August 26, 2020

Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system, ...