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 ...
Tag: CRA modernization
OCC Formally Proposes to Rescind 2020 CRA Rules
As expected, the OCC today formally proposed to rescind the OCC’s 2020 Community Reinvestment Act rule with rules based on ...
OCC’s Hsu Says CRA Modernization on ‘Aggressive Timeline’
Testifying before the Senate Banking Committee today, Acting Comptroller of the Currency Michael Hsu said that the OCC has aggressive ...
Agencies Signal Joint Community Reinvestment Act Overhaul to Come
Acting Comptroller of the Currency Michael Hsu today announced that his agency will propose to rescind changes to the Community ...
OCC Working With Tech Firms on Credit Score Alternatives
OCC is working to find nontraditional ways to establish a good credit history for those with no credit.
OCC to ‘Reconsider’ CRA Revamp; Pauses Compliance for Certain Provisions
The OCC today said it will formally “reconsider” the agency’s June 2020 final rule revising the agency’s Community Reinvestment Act ...
ABA, Trade Groups Urge OCC to Formally Withdraw 2020 CRA Rule
The American Bankers Association and nine other financial trade groups called for the OCC to formally withdraw or delay its ...
ABA Cautions Against Unilateral Efforts to Reform CRA in Letters to Fed, OCC
As the Federal Reserve contemplates updates to its Community Reinvestment Act regulations, the American Bankers Association emphasized the importance of ...
McWilliams: FDIC Pursuing Interagency Approach on CRA
The FDIC would like to see a consistent interagency approach to Community Reinvestment Act rules, FDIC Chairman Jelena McWilliams said ...
Brainard Highlights CRA Reform Proposals for Minority Banks
Speaking to the National Bankers Association, Federal Reserve Governor Lael Brainard today highlighted four new provisions specific to minority depository ...
