In a letter last week, ABA and five financial industry trade groups asked the Interagency Community Investment Committee to extend the comment period for a review of the effectiveness of federal community investment programs by at least 45 days.
If you trust your team members to take your CRA program to the next level, chances are you’ll get there.
A proposed overhaul of Community Reinvestment Act regulations does not adequately account for the costs and benefits of certain provisions in the draft rule, Federal Reserve Governor Michelle Bowman opined during a speech to the Kansas Bankers Association on Saturday.
The American Bankers Association and 51 state banking associations submitted comments today on the banking agencies’ proposed overhaul of the Community Reinvestment Act regulations, saying said that while they support the effort in principle, there were multiple flaws in the proposed rule that ultimately worked against the agencies’ stated goals.
Ahead of a House Financial Services subcommittee hearing on the joint agency proposal to update the Community Reinvestment Act, the American Bankers Association cautioned lawmakers that certain aspects of the proposal are unlikely to accomplish the goals of regulatory modernization.
The federal regulatory agencies this week announced updates to their spring rulemaking agendas for 2022. Among the CFPB’s priorities are the Dodd-Frank Section 1071 final rule, which is projected for March 2023 and addresses the collection of small business lending data.
ESG? Fair access? Transition risk? Sustainable investing? Find out what these and more mean exactly.
The Federal Reserve, FDIC and OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act.
Fifty-one state bankers associations wrote to lawmakers opposing the credit union industry’s “unnecessary” charter enhancement efforts as part of The Expanding Financial Access for Underserved Communities Act.
Creating an annual CRA strategy is an industry best practice that lets you manage your strategic priorities along with the resources available for the year ahead.