News

San Francisco Business Times | Friday, October 7, 2016

Kat Taylor, CEO of Beneficial State Bank, makes an impassioned case for an overhaul of banking sector regulations to ensure that the industry aligns with the values of corporate social responsibility in this opinion piece in the San Francisco Business Times. 

New York Times | Friday, October 7, 2016

With growing rancor over the Wells Fargo Scandal, the New York Times published a resource guide for those who want to switch from a big bank to a more community-focused option. The article features a quote from Kat Taylor, CEO of Beneficial State Bank and encourages readers to check out the CDBA website. 

The Intercept | Friday, October 7, 2016

Although Google announced in May that it would ban all payday loan advertisements through its AdWords service, months after the policy was implemented brokers that connect borrowers to payday lenders still buy Google ads. They appear to have easily sidestepped the company's rules, leaving consumers still vulnerable to high-cost debt traps that can ruin their financial lives.

CDBA | Thursday, October 6, 2016

This Comment Letter provides guidance to the CFPB on mechanisms to promote product innovation that can offer responsible alternatives to payday loans and provides a wealth of examples of alternative small dollar loans products offered or piloted by CDFI Banks. 

 

Alabama Today | Thursday, October 6, 2016

Congressman Bradley Byrne (R-AL) applauds United Bank of Alabama for securing the largest USDA Community Facilities Relending Program loan in the country. The $40 million will be deployed to benefit the rural Southwestern Alabama & Northwest Florida communities.

 

| Wednesday, October 5, 2016

Congratulations to City First Bank of DC on an incredible conference on the intersection of Commerce, Culture, & Community Development.

The Street | Tuesday, October 4, 2016

As part of their Community Banking in the 21st Century Research and Policy Conference, held annually, the Federal Reserve releases a selection of research papers that examine conditions and performance in the sector. Read more to see a profile of the articles featured.

American Banker | Monday, October 3, 2016

The question of how to develop a national or statewide banking strategy to assist the black community is of the utmost importance. This article in the American Banker promotes a solution that involves cooperation between federal regulators such as the Federal Reserve, Office of the Comptroller of the Currency and the FDIC to work jointly with black-owned banks to make the largest impact.

The Real Day: New York Real Estate News | Monday, October 3, 2016

First American International Bank CEO Mark Ricca is quoted in this engaging article about the expansive and fast growing real estate market within the Chinese American community in New York City. 

CDFI Fund | Thursday, September 29, 2016

The CDFI Fund publicized the awardees for the Financial Assistance, Technical Assistance, and Healthy Food Financing Intiative funds for FY2016. We congratualte the six CDBA members who won awards in this round: BankPlus (FA), Citizens National Bank of Meridian (FA), Neighborhood National Bank (TA), Spring Bank (FA),  Southern Bancorp (FA), and Start Bank (FA). Click on Read More to see the full awards list.

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