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Individuals in the justice system face barriers in entering the financial system, reveals ABA Foundation

Individuals in the justice system face barriers in entering the financial system, reveals ABA Foundation

Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education
Five Banks Award Nearly $18k Grant to Support Affordable Housing Nonprofit

Five Banks Award Nearly $18k Grant to Support Affordable Housing Nonprofit

Grant will help non-profit offset expenses which includes pre-development costs for a single-family housing construction
Philanthropic intermediary receives funding to scale impact

Philanthropic intermediary receives funding to scale impact

Moore Impact intends to reinvest to support “Power Champions” working at the intersection of racial inequality and Covid-19
Citi announces $1 billion Social Finance bond

Citi announces $1 billion Social Finance bond

Proceeds to support social projects across global emerging markets
M&T Bank launches $43bn Community Growth Plan to support underserved communities

M&T Bank launches $43bn Community Growth Plan to support underserved communities

Communities of color and small businesses will have access to loans and investments
Financial Inclusion

Financial Inclusion

One in ten U.S. adults are credit invisible, or have no credit at all
OCC fines Trustmark National Bank $4m

OCC fines Trustmark National Bank $4m

The bank violated the Fair Housing Act during the period 2014 to 2016
HSBC Venture Debt Program Reserves $100m to Support Women and Minority Led Start-ups

HSBC Venture Debt Program Reserves $100m to Support Women and Minority Led Start-ups

Early-stage capital will seek to bridge the gender and racial gap
Fifth Third Bank Co-Launches $180m Neighbourhood Investment Program

Fifth Third Bank Co-Launches $180m Neighbourhood Investment Program

New program will focus on nine majority-Black communities across seven states
Citizens Bank Rolls Out Deposit Feature to Support Underserved Communities

Citizens Bank Rolls Out Deposit Feature to Support Underserved Communities

Plus: Zions Bank achieves Bank On certification
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