Banks continue to grapple with regulatory burden and question whether the new rules protect consumers, according to ABA’s biannual Survey of Bank Chief Compliance Officers released this week.
Browsing: Community Reinvestment Act
Do social media comments belong in the public CRA file… and more.
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA today urged federal regulators and law enforcement to reign in disparate impact and redlining investigations that go beyond the law and Supreme Court precedent.
The asset-size thresholds used to define “small” and “intermediate small” institutions under the Community Reinvestment Act regulations will increase slightly on Jan. 1, the federal banking agencies said today.
Mortgage servicing, fair lending, vendor risk management and sales practices are among top priorities, according to ABA experts.
The OCC “will move forward” with plans to provide special-purpose national bank charters to financial technology firms, Comptroller of the Currency Thomas Curry announced today.
Comptroller of the Currency Thomas Curry today described several changes the OCC is making to improve how it examines for compliance with the Community Reinvestment Act.
A group of Democratic lawmakers from both the House and Senate wrote to the federal regulatory agencies asking them to take steps to modernize the Community Reinvestment Act to address changes in the banking industry.
The federal banking agencies issued revised questions and answers today on Community Reinvestment Act compliance. In their final guidance, the agencies clarified nine of the 10 proposed Q&As.