Bonus Podcast: Key Points on CRA Modernization

With less than a week before comments are due on the OCC’s August advance notice of proposed rulemaking on the Community Reinvestment Act, ABA VP Krista Shonk follows up an earlier podcast interview with tips on how to complete a comment letter and key points ABA will be making in its own letter.

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ABA, BPI Petition Regulators to Codify Joint Statement on Regulatory Guidance

After regulators in September issued a joint statement clarifying that regulatory guidance does not have the force and effect of law, the American Bankers Association and the Bank Policy Institute yesterday submitted a rare petition to each agency calling on them to institutionalize the statement by codifying it in a formal rulemaking.

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