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CRA

In Response to Groups’ Demand, OCC Releases Log of Comptroller Otting’s Calls With Bank Execs on Gutting of Anti-Redlining Rules

Administration Filed Log on the Last Day of the CRA Comment Period, Continues to Withhold Key Details and Substance of Communications from the Public. Democracy Forward, Community Development Orgs Call Out OCC’s Hollow Claims to Accountability, File Request for Full Records.

In Response to Groups’ Demand, OCC Releases Log of Comptroller Otting’s Calls With Bank Execs on Gutting of Anti-Redlining Rules Read More »

National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19

A diverse coalition of community-based organizations called on the OCC and the FDIC to immediately suspend the comment period for the proposed changes to CRA until after the health and financial crisis brought on by the coronavirus global pandemic is over.

National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19 Read More »

NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19

Today, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement providing guidance to financial institutions on how they can receive credit on their Community Reinvestment Act (CRA) activities to low- and moderate-income people and communities affected by the coronavirus. 

NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19 Read More »

Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities

Nearly all banks that earned passing marks under current rules would be able to reduce their mortgage lending to low- and moderate-income (LMI) borrowers and communities under new rules proposed for the Community Reinvestment Act (CRA), a new study found.

Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities Read More »

NCRC Applauds Federal Reserve’s Release of CRA Data

“We applaud the Federal Reserve’s release of CRA data. They are practicing transparency and we look forward to fully analyzing the data. We’re also curious what it may reveal or imply about the OCC and FDIC proposal. The OCC and FDIC have failed to release data they referenced in their rule proposal,” said Jesse Van Tol, CEO of NCRC.

NCRC Applauds Federal Reserve’s Release of CRA Data Read More »

Initial NCRC Analysis of the FDIC and OCC Notice of Proposed Rulemaking Concerning the Community Reinvestment Act

In December 2019, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPRM) that would considerably weaken the regulations implementing the Community Reinvestment Act (CRA), a law designed to combat redlining by requiring banks to affirmatively and continually meet community needs for

Initial NCRC Analysis of the FDIC and OCC Notice of Proposed Rulemaking Concerning the Community Reinvestment Act Read More »

Summary Fact Sheet on the OCC and FDIC CRA Proposed Rule

In the words of dissenting Federal Deposit Insurance Corporation (FDIC) Board member Martin Gruenberg, the FDIC and the Office of the Comptroller of the Currency’s (OCC) Notice of Proposed Rulemaking (NPRM) on the Community Reinvestment Act (CRA) “is a deeply misconceived proposal that would fundamentally undermine and weaken the Community Reinvestment Act.” The agencies would

Summary Fact Sheet on the OCC and FDIC CRA Proposed Rule Read More »

How to Evaluate Community Development Financing and Services Under CRA

In anticipation of the reform proposals to the Community Reinvestment Act (CRA) expected this week, I am continuing the review of performance measures on CRA exams. The most recent blog looked at performance measures on the lending test. This one will scrutinize performance measures on the investment and service test. 

How to Evaluate Community Development Financing and Services Under CRA Read More »

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