Tag Archives: CRA modernization

OCC Asks for Feedback on Modernizing CRA

The OCC today issued a long-anticipated advance notice of proposed rulemaking seeking input on the best ways to modernize Community Reinvestment Act regulations. The ANPR asks for comment on several issues, including how to: Encourage more lending in areas that need it most, including low- and moderate-income areas Broaden and clarify the types of activities eligible for CRA consideration Update ...

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Nichols Op-Ed Calls for Modernizing CRA Criteria

As federal regulators continue their ongoing effort to update the Community Reinvestment Act regulations, an op-ed penned by ABA President and CEO Rob Nichols in The Hill today advocates for commonsense reforms that would better align the decades-old statute with the modern banking landscape.

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Fed’s Brainard Outlines ABA-Favored Ideas for CRA Reform

As the federal banking agencies work together on plans to revise the Community Reinvestment Act regulations and supervisory framework, Federal Reserve Governor Lael Brainard articulated several “outcomes that we will work toward” that align closely with ABA’s advocacy on CRA reform.

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Treasury Issues Recommendations for CRA Modernization

As bank regulators work toward modernizing the Community Reinvestment Act -- with an advance notice of proposed rulemaking expected from regulatory agencies in the days ahead -- the Treasury Department today issued a formal memorandum to the agencies highlighting several recommendations for updating and improving administration of the 40-year-old law.

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ABA Urges Modernization of CRA Regulatory Practices

As part of ABA’s long-term engagement with the Treasury Department and financial regulators on the Community Reinvestment Act, the association today sent a white paper to Treasury with several recommendations for modernizing the regulatory approach to CRA.

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