Getting from Red to Green
The next-generation root cause analysis to prevent redlining.
Browsing: Community Reinvestment Act
McWilliams Outlines FDIC Steps to Strengthen Minority Banks
The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington.
OCC Rescinds Guidance, Issues ‘Core Principles’ on Higher-LTV Loan Programs
Acknowledging banks’ innovative efforts to meet the credit needs of residents in distressed communities, the OCC today rescinded 2017 guidance for banks seeking to develop programs to offer home loans with loan-to-value ratios of over 90 percent, known as “higher-LTV” loans.
Fed Report Reveals Banker, Community Group Feedback on CRA
Bankers and community groups agree on several areas of possible Community Reinvestment Act regulatory reforms, according to a summary of several roundtable meetings released by the Federal Reserve today.
OCC Official: Expect CRA Reform Proposal by End of Summer
The federal banking agencies expect to issue a notice of proposed rulemaking to revise their Community Reinvestment Act regulations by the end of summer, Senior Deputy Comptroller of the Currency for Supervision Grovetta Gardineer said today at the American Bankers Association’s Regulatory Compliance Conference.
McWilliams: CRA Reform to Clarify Qualifying Activities, Lending Assessment
In remarks yesterday at a meeting of community development bankers, FDIC Chairman Jelena McWilliams highlighted several ongoing initiatives at the agency to strengthen and sustain the nation’s community banks, including the highly anticipated reform of the Community Reinvestment Act regulations.
McWilliams: Capital, Profitability Key Focus with Prospective ILC Applicants
Issues of capital and profitability are key themes in the FDIC’s interactions with fintech companies seeking banking charters, FDIC Chairman Jelena McWilliams said today.
Fed’s Brainard Discusses Potential Changes to CRA Assessment Area Definition
As financial regulators continue their review of the Community Reinvestment Act regulations, Federal Reserve Governor Lael Brainard today said that they are considering making adjustments to the assessment area definition that would allow banks to receive CRA consideration for community developments in a more expansive area.
Fed’s Brainard Highlights Feedback Received on CRA Reform
Speaking at a research symposium in Philadelphia today, Federal Reserve Governor Lael Brainard said that there is “general agreement” among stakeholders on the need to update the Community Reinvestment Act regulations.
Positioning for Pro-Growth Policy
Setting ABA’s government relations agenda for 2019.