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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
Consumer satisfaction with mortgage originators has declined, according to a JD Power report

Consumer satisfaction with mortgage originators has declined, according to a JD Power report

Citi bank scored 875 out of 1000
Banks Continue to be Profitable And Well Capitalized, Reveals Fed Report

Banks Continue to be Profitable And Well Capitalized, Reveals Fed Report

Bank capital ratios remained well in excess of regulatory requirements finds Federal Reserve financial stability report
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
Acting Comptroller Addresses Climate Change Risk with High-Level Framework Guidance

Acting Comptroller Addresses Climate Change Risk with High-Level Framework Guidance

New framework, along with five “range of practices” questions will be released by the end of 2021
Banks Could Boost Annual Revenues By $518bn by Adopting Digital-only Players Business Models

Banks Could Boost Annual Revenues By $518bn by Adopting Digital-only Players Business Models

Traditional banks need to reimagine how they create products with a focus on customer intentions, says Accenture senior managing director
Acting Comptroller Says Synthetic Banking Providers Should Adhere to Bank Regulations

Acting Comptroller Says Synthetic Banking Providers Should Adhere to Bank Regulations

Lack of supervision could pose medium to long term risk to consumers, businesses, and financial stability
Digital Banking Customer Satisfaction Levels Sustained From 2020 Reveals ABA Survey

Digital Banking Customer Satisfaction Levels Sustained From 2020 Reveals ABA Survey

More consumers are turning to mobile devices to make a payment or transfer money compared to 2020
Fifth Third Provides $130k Technology Grant To Support Schools and Non-Profits

Fifth Third Provides $130k Technology Grant To Support Schools and Non-Profits

Supports bank’s new digital Young Bankers Club program
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