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The Effectiveness of Pre-Purchase Homeownership Counseling

Join us for this insightful Connecting Communities webinar on October 23, which will focus on the impact that pre-purchase counseling has on improving creditworthiness over time. Participants will hear key findings from the Philadelphia Fed’s recently released longitudinal study on the effectiveness of pre-purchase counseling. Leading experts will also highlight effective and innovative counseling models being implemented around the country, share perspectives on resources to support these programs, and provide insight on future policy implications.

Innovations that Enhance Financial Capability and Engagement

In this Exploring Innovation in Community Development webinar, national experts from CFSI, D2D Fund and PayPerks discuss innovative practices that translate financial knowledge into financial empowerment and greater access among LMI individuals. Learn about insights from behavioral economics used to promote financial health and stability; how video games and gamification can promote financial engagement and positive consumer outcomes; promising practices for promoting savings, including prize-linked efforts; and how incentive and rewards programs can boost financial capability, improve financial access and expand product usage.

COMMENTS REQUESTED: Agencies Request Comment on Proposed Questions and Answers Regarding Community Reinvestment

Want to make your voice heard about how banks implement CRA? The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency recently requested comments on proposed revisions to the "Interagency Questions and Answers Regarding Community Reinvestment." These questions and answers provide additional guidance to financial institutions and the public on the agencies' regulations that implement the Community Reinvestment Act, or CRA. Check out the proposed revisions to the Qs and As, then add your thoughts. You can also view others’ comments. (The comment period closes November 1, 2014.)

Report on the Economic Well-Being of U.S. Households

In the Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face, based on responses to the Board's 2013 Survey of Household Economics and Decisionmaking. The report provides insight into numerous topics of current relevance to household finances, including: housing and living arrangements; credit access and behavior; education and student loan debt; savings; retirement; and health expenses.

Plan. Prepare. Prevail. A Disaster Financial Readiness & Recovery Blueprint.

Just in time for National Preparedness Month, the Kansas City Fed provides financial forms, checklists and other resources to help consumers and small business owners prepare before and recover after disaster strikes. These resources were developed from a series of focus groups and meetings held in the tenth district.

Federal Reserve Community Development Perspectives

Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.

2014 National Interagency Community Reinvestment Conference

This conference is the premier training and networking event for community development professionals, including CRA officers, CDFIs, nonprofits and government officials. The 2014 program featured a keynote presentation by Federal Reserve Chair Janet Yellen; innovations in community development policy and practice; CRA examination training; the National Community Development Lending School; and Community development tours of Chicago. Click to watch videos of keynotes, select sessions, and attendee interviews.