The Bank That Works
By:ForbesJanuary 30, 2012
As financial services continue to struggle with credibility--and profitability--John Stumpf's Wells Fargo is quietly doing what banks are supposed to: opening accounts, making loans and issuing mortgages. He may even have a...
Fifth Third invests $200,000 in five community groups in Akron, Cleveland
By:Cleveland.comJanuary 27, 2012
CLEVELAND, Ohio -- Fifth Third Bank is awarding $200,000 in five Northeast Ohio non-profit community groups, the bank announced Thursday. The investments are going to three Cleveland-based groups: Esperanza Inc., Neighborhood...
Vermont gets $21.6M for flood-damaged communities
By:CBS NewsJanuary 23, 2012
MONTPELIER, Vt. — Vermont learned Friday that it will get $21.6 million in emergency funds— three times more than many expected it would get from a federal program — to help rebuild Irene-damaged communities. The state is among...
Use federal reports to dig into lending practices by local banks
By:Business Journalism.orgJanuary 23, 2012
When ING Direct bank decided to open a San Francisco “café,” Aaron Glantz of The Bay Citizen didn’t just focus on the “13 flat-screen televisions; beanbag chairs; a deli counter that sells coffee, cookies and sandwiches; and...
Ohio Savings receives unsatisfactory rating in FDIC Community Reinvestment Act report
By:Cleveland.comJanuary 18, 2012
CLEVELAND, Ohio -- New York Community Bank, which took over Ohio Savings Bank after it failed two years ago, has received an unsatisfactory rating in Ohio for its lending, investment and service in this state.
FDIC: OneUnited Bank is not in compliance with CRA rules
By:South Florida Business JournalJanuary 13, 2012
OneUnited Bank received a “needs to improve” rating for its Community Reinvestment Act performance from the Federal Deposit Insurance Corp. FDIC further found the bank was in “substantial noncompliance” with CRA laws in...
FDIC Issues List of Banks Examined for CRA Compliance
By:FDICJanuary 10, 2012
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC...
[more]Who Is Really Responsible for the Housing Crisis? - commentary
By:Barney Frank - The AtlanticDecember 27, 2011
Peter Wallison's recent article in The Atlantic, "Hey, Barney Frank: The Government Did Cause the Housing Crisis," is part of his ongoing attempt to show that the private financial industry was the victim, not the cause, of the...
Agencies Release Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions
By:FDICDecember 20, 2011
Washington--The federal bank regulatory agencies has announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings...
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