OCC Unilaterally Finalizes Community Reinvestment Act Changes

The OCC today issued its long-awaited final rule making significant changes to the regulations implementing the Community Reinvestment Act—the first ...

ABA, State Bankers Associations Urges FDIC, OCC to Further Refine Proposed CRA Overhaul

Compliance and Risk

May 26, 2021

The OCC and FDIC have taken a “significant step” toward modernizing the Community Reinvestment Act regulations with their recent proposal ...

Agencies to Give CRA Consideration for Activities Related to Coronavirus

Compliance and Risk

March 19, 2020

The federal banking agencies announced today that they will give favorable Community Reinvestment Act consideration to banks for retail banking, ...

Fed Releases CRA Data Tables

Compliance and Risk

December 9, 2020

As previewed in a speech earlier this year by Federal Reserve Governor Lael Brainard, the Fed today published new Community ...

How Large Credit Unions Are Failing to Meet Their Mission, and How Congress Can Fix It

Community Banking

March 3, 2020

Given their extraordinary and unnecessary tax benefit, large credit unions should be held accountable for meeting the needs of the ...

Fed’s Powell: Financial System ‘Generally in a Good Place’

Economy

February 11, 2020

Federal Reserve Chairman Jerome Powell told House lawmakers today that the U.S. financial system is “strong, and has been materially ...

Otting Defends OCC’s CRA Modernization Proposal At House Hearing

Compliance and Risk

January 29, 2020

During an often contentious hearing before the House Financial Services Committee today, Comptroller of the Currency Joseph Otting defended his ...

Brainard Floats Fed’s Alternative Ideas on CRA Modernization

Community Banking

January 8, 2020

Federal Reserve Governor Lael Brainard, the agency’s point person for the Community Reinvestment Act modernization process, today outlined the Fed’s ...