Fed’s Bowman: Community Reinvestment Act rule could harm banks
The proposed interagency Community Reinvestment Act modernization rule is unnecessarily complex, overly prescriptive and would result in a significantly greater ...
Tag: Community Reinvestment Act
Fed’s Barr: CRA rule provides more clarity on project eligibility
The recently unveiled Community Reinvestment Act modernization rule will provide greater clarity to banks about what actions regulators will count ...
Banking regulators release CRA final rule
The Federal Reserve, FDIC and OCC released the final rule to modernize how they assess compliance with the Community Reinvestment ...
ABA, BPI caution against CRA rule changes
Two recent policy developments could fundamentally alter banks’ Community Reinvestment Act programs, and policymakers should avoid finalizing proposed changes to ...
Federal agencies update CRA ‘small bank’ definitions
The Federal Reserve and FDIC today announced the asset-size thresholds that will be used to define “small bank” and “intermediate ...
Survey: Regulatory change remains top concern for banks
Keeping up with changing regulations was the top concern for U.S. financial services firms, according to Wolters Kluwer’s annual Regulatory ...
Agencies release 2021 CRA data on small business, community development lending
The federal banking agencies today released 2021 Community Reinvestment Act data on small business, small farm and community development lending.
ABA, trade groups seek extension of CIP comment period
In a letter last week, ABA and five financial industry trade groups asked the Interagency Community Investment Committee to extend ...
The power of a flexible CRA team: How to roll with the punches while remaining compliant
If you trust your team members to take your CRA program to the next level, chances are you’ll get there.
Bowman raises concerns about proposed CRA changes
A proposed overhaul of Community Reinvestment Act regulations does not adequately account for the costs and benefits of certain provisions ...
