McWilliams: FDIC Pursuing Interagency Approach on CRA
The FDIC would like to see a consistent interagency approach to Community Reinvestment Act rules, FDIC Chairman Jelena McWilliams said today during ABA’s Unconventional Convention.
Browsing: Community Reinvestment Act
Brainard Highlights CRA Reform Proposals for Minority Banks
Speaking to the National Bankers Association, Federal Reserve Governor Lael Brainard today highlighted four new provisions specific to minority depository institutions in the Fed’s recent Community Reinvestment Act modernization proposal.
Fed Issues Its Own CRA Modernization Proposal
The Federal Reserve today issued an advance notice of proposed rulemaking on updating the agency’s three-decade-old Community Reinvestment Act regulations.
NCRC: Expand CRA to Cover Credit Unions, Other Nonbanks
The Community Reinvestment Act should be expanded to cover credit unions, other nonbank lenders and insurers, according to the National Community Reinvestment Coalition.
Brooks: CRA Benchmarking Proposal Expected by End of Summer
The OCC expects to propose the benchmarking framework it will use to assess Community Reinvestment Act performance within the next four to six weeks, Acting Comptroller of the Currency Brian Brooks said in keynote remarks at ABA’s Risk and Compliance Virtual Conference today.
Can My Bank Require Opt-In to Overdraft as a Condition of Receiving a Debit Card?
…and other answers to your compliance questions in the July/August 2020 ABA Regulatory Policy and Compliance Inbox.
Three Takeaways from CRA Modernization
Provisions of OCC final rule will make CRA examination more consistent and predictable and have enjoyed widespread support. Other portions of the rule have been met with skepticism, and much work remains for all agencies.
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
The OCC is planning to unveil what Acting Comptroller Brian Brooks called “payments charter 1.0” as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.
Agencies Issue FAQs on Coronavirus, Community Reinvestment Act Activities
The OCC today released a list of 13 interagency frequently asked questions related to the Community Reinvestment Act and the coronavirus pandemic.
OCC Unilaterally Finalizes Community Reinvestment Act Changes
The OCC today issued its long-awaited final rule making significant changes to the regulations implementing the Community Reinvestment Act—the first overhaul of the CRA framework in more than three decades.