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Trade bodies urge CFPB to rescind amendments to examination manual

Trade bodies urge CFPB to rescind amendments to examination manual

The CFPB’s amendments to its examination manual have “tremendous implications” for “consumers, banks, and financial markets at large”, trade bodies warn
Morgan Stanley launches education and career equity initiative

Morgan Stanley launches education and career equity initiative

The bank has dedicated $20 million to initiative which seeks to address systemic inequities in education and career outcomes
Bank of England fined by FDIC

Bank of England fined by FDIC

Bank was in violation of Section 5 of the Federal Trade Commission Act
U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations
Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Wells Fargo Commits $1m to Support Historically Black Colleges and Universities Graduation Rates

Graduation rates among HBCU students currently among the lowest for all students
Federal Home Loan Bank of Dallas Awards $18.5m for Affordable Housing

Federal Home Loan Bank of Dallas Awards $18.5m for Affordable Housing

Subsidies will create or rehabilitate more than 2,100 housing units
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
Citi Action for Racial Equity Initiative Invests $1bn to Address Wealth Gap

Citi Action for Racial Equity Initiative Invests $1bn to Address Wealth Gap

Three-year commitment also supports minority communities with affordable housing and investment in Black-owned businesses
A Refresher on Triggering Events Impacting the Revised Loan Estimate

A Refresher on Triggering Events Impacting the Revised Loan Estimate

Changed circumstance remains a substantial, inherent compliance risk for lenders
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As part of the Banking Exchange Interview Series we and SkyStem are proud to present our interview with Rachel Lewis, Assistant Controller at Stock Yards Bank & Trust.

In this interview, Banking Exchange's Publisher Erik Vander Kolk, speaks with Rachel Lewis at length. We get a brief overview of her professional journey in the banking industry and get insights into what role technology plays in helping her do her work.

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