The OCC today issued a revised policies and procedures manual spelling out its approach to licensing applications from banks that have non-satisfactory Community Reinvestment Act ratings, either overall or in a particular geographic region.
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We discuss top White House adviser Gary Cohn’s newsmaking remarks at ABA’s Annual Convention earlier this week, the OCC’s positive new posture on Community Reinvestment Act examinations and the top fintech trends shaping the next decade of banking.
The OCC has changed its Community Reinvestment Act supervision policies to ensure a “logical nexus” between banks’ CRA-related activities and CRA performance evaluation ratings and to give “full consideration” to banks’ efforts to take corrective action, the agency said today.
The federal regulatory agencies today proposed amendments to their respective Community Reinvestment Act regulations to address recent changes to Regulation C, which implements the Home Mortgage Disclosure Act.
On Thursday, ABA staff met with senior Treasury Department officials to provide recommendations for modernizing the Community Reinvestment Act.
As Hurricane Harvey struck Texas’ Gulf Coast over the weekend, federal and state banking agencies issued a statement on Saturday providing relief for institutions affected by the storm.
When must we retain records for an informal loan qualification request?… and other questions.
Noting that in many communities persistently depressed home prices are hindering recovery, the OCC today issued guidance for OCC-regulated banks seeking to develop programs to offer home loans with loan-to-value ratios of over 100 percent, known as “higher-LTV” loans.