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OCC to review Community Reinvestment Act; Changes could impact billions in loans and investments annually

WASHINGTON, D.C. – Today, The Office of the Comptroller of the Currency (OCC) released an Advanced Notice of Proposed Rulemaking to change how banks are tested for compliance with the Community Reinvestment Act (CRA). The 1977 law requires banks serve the needs of all communities in which they are chartered to do business. The OCC

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The Wall Street Journal: Trump team’s rewrite of low-income lending rules falters

“We are already seeing an unusual level of discord among the regulators,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a fair-lending advocacy group. “I think there is a significant risk that the whole effort will backfire, unless a more careful and consensus-driven approach is taken.”

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Disparate impact reconsideration comments

August 20, 2018 Regulations Division, Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. FR-6111-A-01 Advanced Notice of Proposed Rulemaking Reconsideration of HUD’s Implementation of Fair Housing Act’s Disparate Impact Standard   Dear Assistant Secretary Farias: On behalf of

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The Washington Post: Federal judge dismisses lawsuit accusing HUD Secretary Ben Carson of dismantling Obama-era fair housing law

A federal judge on Friday threw out a lawsuit against Housing and Urban Development Secretary Ben Carson and his agency, dealing a blow to advocates challenging how the department enforces fair housing laws.

The Washington Post: Federal judge dismisses lawsuit accusing HUD Secretary Ben Carson of dismantling Obama-era fair housing law Read More »

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