ABA Regulatory Compliance Inbox: If my bank reduces the amount of a customer’s HELOC, are we required to provide an adverse action notice?
And: Must banks include a printed version of their “HMDA Disclosure Statement” in their CRA public file?
Browsing: CRA compliance
FDIC launches new site for consumer compliance, CRA exam activities
The FDIC this month is launching a new “Banker Engagement Site” through its FDICconnect web portal, with the site functioning as the primary tool for exchanging examination planning and other information for the agency’s consumer compliance and Community Reinvestment Act activities.
ABA Regulatory Policy and Compliance Inbox: Must banks disclose all co-branding relationships?
And if a bank reports consumer deposit accounts to a “specialty” consumer reporting agency such as ChexSystems, is it required to follow the direct dispute provisions in the Fair Credit Reporting Act?
ABA Regulatory and Compliance Inbox: when an un-submitted stop-payment request still matters to banks
What if the consumer never requested that the bank stop payment but submits a claim that the transaction is unauthorized?
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.
Compliance priorities on the horizon for 2022
New focuses and directions at the agencies are on the way, but a few themes have been clear and consistent.
99% of FDIC Supervised Banks Rated Satisfactory or Better for Consumer Compliance
The FDIC said today that 99% of the banks it supervises were rated satisfactory or better for consumer compliance and Community Reinvestment Act compliance, as of the end of 2021.
Building a Successful CRA Strategy and Action Plan for 2022
Creating an annual CRA strategy is an industry best practice that lets you manage your strategic priorities along with the resources available for the year ahead.
OCC Finalizes Rule to Rescind 2020 CRA Rulemaking
The OCC today issued a highly anticipated final rule officially rescinding its 2020 Community Reinvestment Act rule and replacing it with rules the agency adopted jointly with the Federal Reserve and FDIC in 1995.
OCC’s Hsu: Improving CRA Is Urgent
Acting Comptroller of the Currency Michael Hsu said he “feels the urgency” to modernize the Community Reinvestment Act regulations as soon as possible.