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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
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
ABA Joins Business Trade Groups to Reject Tax Reporting Proposal

ABA Joins Business Trade Groups to Reject Tax Reporting Proposal

Joint letter is part of regulatory body’s push to reject proposal
Wells Fargo Fined $250M for ‘Unacceptable’ Failings on Lending

Wells Fargo Fined $250M for ‘Unacceptable’ Failings on Lending

US regulator assesses $250 million penalty and places restriction on bank’s future activities
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