Robust community development research, or performance context, is an important part of the Community Reinvestment Act (CRA) examination process, as it identifies needs and opportunities that exist within LMI neighborhoods and creates a framework for evaluating a bank’s performance in meeting community needs. Join us for this Connecting Communities webinar on December 11 to learn more about the content and potential use of the performance context—what it means and why it matters. Both a regulator and banker will discuss what makes a good performance context, and how that information can be used to tell a compelling story about CRA performance and maximize a bank’s intended impact.
Despite tight budgets and swelling workloads, inspection departments in Minneapolis and St. Paul are exploring proactive approaches to ensure a safe and sound supply of rental housing. From the October 2014 issue of Community Dividend, a publication of the Minneapolis Fed.
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.
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.
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.
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.
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.