Agencies Issue Final Updates to CRA Q&As
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.
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OCC Names Deputy Comptroller for Compliance Risk
The OCC today announced that Donna Murphy has been named deputy comptroller for compliance risk.
Curry: Regulators Updating CRA Q&As as Part of Fintech Response
The federal banking agencies are preparing updates to the Community Reinvestment Act questions and answers to provide guidance on how alternative delivery methods for financial services, including those provided through financial technology platforms, Comptroller of the Currency Thomas Curry said today at a community reinvestment conference in Washington, D.C.
Curry: OCC to Issue Guidance on Higher LTV Lending
The OCC will issue guidance in the coming months on managing risk for higher loan-to-value lending in communities targeted for revitalization, Comptroller of the Currency Thomas Curry announced today in his remarks at the 2016 National Interagency Reinvestment Conference in Los Angeles.
Agencies Release CRA Asset-Size Threshold Adjustments for Small Banks
The federal regulators today announced the annual adjustment to the asset-size thresholds they will use to differentiate small and intermediate banks and savings associations under the Community Reinvestment Act.
FDIC Updates Compliance Examination Manual
The FDIC today updated its Compliance Examination Manual with new guidance and examples for examiners conducting compliance and Community Reinvestment Act examinations.
Fed Approves M&T, Hudson City Deal
The Federal Reserve today approved the acquisition of Hudson City Bancorp, Paramus, N.J., by the Buffalo, N.Y.-based M&T Bank Corporation.
HUDSON CITY BANK PAYS $33 MILLION TO SETTLE REDLINING CLAIMS
On September 30, 2015, the Federal Reserve Board of Governors approved Hudson City’s $3.7 billion merger with M&T Bank. The merger is expected to close on November 1, 2015, pending approval by the New York State Department of Financial Services.
Agencies Issue 2014 CRA Small-Biz, Small-Farm Loan Data
The federal banking agencies today issued aggregate data on 2014 small-business, small-farm and community development loans that institutions reported under the Community Reinvestment Act.