IntraFi

Hear Phil Mobley, national director of office analytics for CoStar Group, talk about how the market has changed in the wake of the pandemic. He discusses the trends right now, where the market is headed, and what risk office CRE poses to banks. Listen now>>https://ow.ly/snj150SybOU

Interesting article in the WSJ today. Money market funds have swelled with rising rates, but many analysts are now preparing for rates to fall. >> https://ow.ly/buiE50SpC7G

Peter Schroeder, who covers financial regulation and policy for Reuters, breaks down why federal banking agencies are split on how to finalize new capital rules and explains how policymakers are reacting to a nominee for FDIC chair. Listen to Banking with Interest today>>https://ow.ly/9VGT50Sppby

As seen in American Banker (https://ow.ly/LcJ750SogA0), “After a huge infusion of capital from the Treasury Department, community development financial and minority depository institutions needed deposits. A lot of deposits. So, they banded together to create a program for socially minded investors seeking to make an impact while ensuring their funds are safe.” Learn how your deposits can make a difference>> https://lnkd.in/dJi6ZhuE #ACTDepositProgram

Attracting deposits is difficult, and can be especially so for some CDFIs and MDIs. Two trade associations representing CDFIs and MDIs, the Community Development Bankers Association and the National Bankers Association, launched the Advancing Communities Together Deposit Program this month with $35 million in seed-money deposits from four financial firms. Get the details>> https://ow.ly/XiVS50SnciB #ACTDepositProgram

The #ACTDepositProgram is the perfect match for institutional depositors looking for a safe, socially responsible way to deploy extra cash and CDFIs/MDIs looking for liquidity. Read American Banker’s story below and learn more here: https://lnkd.in/eHGmFJVe.

We hope to see you at the Community Development Bankers Association’s Peer Forum today. IntraFi’s Rob Blackwell is moderating a panel on how the elections will impact banking policy, while Diane Ellis is moderating a panel on the best way to raise deposits in a challenging environment. Stop by our booth to learn more about the new Advancing Communities Together Deposit Program >> https://ow.ly/L9tX50SgbQq

If you are wondering how policymakers can address the issue of check fraud, why forgeries are so hard to detect, and why the problem is poised to become even more dire, don't miss this lively discussion with host Rob Blackwell and Frank Abagnale Jr., an expert on check forgery and the subject and inspiration for Steven Spielberg’s film “Catch Me If You Can." Listen now>> https://ow.ly/wiBs50SfxKR

"The ACT Deposit Program simplifies the process for businesses, nonprofits, community organisations, and high-net worth individuals to place at least $5m with a community development financial institution (CDFI) or minority depository institution (MDI) bank,” notes a recent YahooFinance article. Get the details about this innovative, community-building program here>> https://ow.ly/jEN050SaY0r #ACTDepositProgram

The National Bankers Association (NBA) and the Community Development Bankers Association are excited to announce the launch of the Advancing Communities Together (ACT) Deposit Program. This innovative initiative will channel vital funding to banks 🏦 serving low-income and minority communities while also ensuring all deposits are eligible for FDIC insurance. IntraFi is one of four launch partners, along with Blackstone Warburg Pincus LLC, and BNY Mellon N. A. Together, they have committed $35 million to the program, and much more is expected soon. Nicole A. Elam, Esq., President and CEO of the NBA, emphasized the program’s benefits: “The ACT Deposit Program offers a streamlined approach for providing essential deposits to minority banks serving the underserved and communities of color. This initiative empowers our members to facilitate homeownership, business growth, and financial stability, contributing to job creation and the overall vitality of communities across America.” . Learn more here —> https://lnkd.in/gRgCVMPh