Agencies Release 2020 CRA Data on Small Biz, Community Development Lending
The federal banking agencies today released 2020 Community Reinvestment Act data on small business, small farm and community development lending.
Browsing: Community Reinvestment Act
OCC Finalizes Rule to Rescind 2020 CRA Rulemaking
The OCC today issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it with rules the agency adopted jointly with the Federal Reserve and FDIC in 1995.
ABA Asks OCC to Minimize Burden on Banks During CRA Regulatory Transition
The American Bankers Association urged the OCC today to minimize the burden and confusion for banks that would result if the agency were to rescind its 2020 Community Reinvestment Act rule and replace it with rules the agency adopted jointly with the Federal Reserve and the FDIC in 1995.
OCC Issues FAQs on Proposed Rule to Rescind 2020 CRA Regulations
The OCC today issued a set of frequently asked questions on its notice of proposed rulemaking to rescind its 2020 Community Reinvestment Act rule and replace it with rules based on the 1995 CRA rules that were jointly adopted by the OCC, Federal Reserve and FDIC.
The Increasingly Hot Topic of Climate Change: What Compliance Officers Need to Know
Climate change is a big issue, but compliance officers are adept at issue management. Start with root cause analysis.
OCC Formally Proposes to Rescind 2020 CRA Rules
As expected, the OCC today formally proposed to rescind the OCC’s 2020 Community Reinvestment Act rule with rules based on the 1995 CRA rules that were jointly adopted by the OCC, Federal Reserve and FDIC.
Preparation: The Overlooked Key to CRA Success
The investment of time and effort on the front end of a CRA cycle can yield notable benefits.
OCC’s Hsu Says CRA Modernization on ‘Aggressive Timeline’
Testifying before the Senate Banking Committee today, Acting Comptroller of the Currency Michael Hsu said that the OCC has aggressive internal timelines for working with the Federal Reserve and FDIC to put forward a joint rulemaking that strengthens and modernizes the Community Reinvestment Act.
Agencies Signal Joint Community Reinvestment Act Overhaul to Come
Acting Comptroller of the Currency Michael Hsu today announced that his agency will propose to rescind changes to the Community Reinvestment Act regulations that were finalized in May 2020, and signaled the OCC’s intent to work together with the Federal Reserve and the FDIC on a separate joint rulemaking to overhaul the CRA framework.
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and…