OCC’s Otting Signals Fresh Look at Community Reinvestment Act
The OCC will formally seek public input on ways to improve Community Reinvestment Act regulations in the next 30 days, Comptroller of the Currency Joseph Otting said today.
Browsing: Community Reinvestment Act
ABA Urges Modernization of CRA Regulatory Practices
As part of ABA’s long-term engagement with the Treasury Department and financial regulators on the Community Reinvestment Act, the association today sent a white paper to Treasury with several recommendations for modernizing the regulatory approach to CRA.
Agencies Release 2016 CRA Data on Small Business, Community Development Lending
The federal banking agencies today released 2016 Community Reinvestment Act Data on small business, small farm and community development lending.
Agencies Finalize Minor, Technical Changes to CRA Regulations
The federal banking agencies today finalized minor amendments to their respective Community Reinvestment Act regulations to address recent changes to Regulation C, which implements the Home Mortgage Disclosure Act.
OCC Policy to Make It Easier for Banks to Fix CRA Problems
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.
Newsbytes Podcast: Fintech in Focus
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.
Revised OCC Exam Policy Aligns Ratings with CRA Purposes
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.
Agencies Propose Minor, Technical Changes to CRA Regulations
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.
ABA Recommends Updates to CRA in Treasury Meeting
On Thursday, ABA staff met with senior Treasury Department officials to provide recommendations for modernizing the Community Reinvestment Act.