Browsing: Bank community engagement

Compliance

As part of ABA’s long-term engagement with the Treasury Department and financial regulators on the Community Reinvestment Act, the association today sent a white paper to Treasury with several recommendations for modernizing the regulatory approach to CRA.

Community Banking

ABA President and CEO Rob Nichols today called on bankers to join ABA in supporting the response to Hurricane Harvey on the Gulf Coast and invited them to contribute to the Hurricane Harvey Relief Fund set up by the Texas Bankers Association and the Independent Bankers Association of Texas.

Mortgage

Since any solution to address this demand-supply mismatch must include a combination of new construction and affordable housing preservation, many advocates and developers have set their sights on neighborhoods with rental stock that is both market-rate and affordable to people living at or below median income for those areas. This is called naturally occurring affordable housing, or NOAH.

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