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Federal Reserve

The Simplest Lessons From SVB: Weakened Rules, Too Much Risk

How To Protect Depositors from Bank Failures? Prevent Banks from Taking Big Risks While it would be appealing to have a clear, singular villain to blame, it took many actors and decisions to set up the conditions that led to three bank failures in the last few weeks. Banks, regulators, depositors and politicians all played a role.

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NCRC Urges Senate To Confirm Bloom Raskin, Cook And Jefferson to Federal Reserve Board

In a letter to the Senate Banking Committee, NCRC and 29 member groups urged confirmation of Bloom Raskin, Dr. Lisa Cook and Dr. Phillip Jefferson as Federal Reserve Board governors. The committee is scheduled to consider all three nominations in a hearing Thursday, Feb. 3.

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NCRC Initial Analysis of Federal Reserve’s ANPR on the Community Reinvestment Act: A Step Forward but Needs to be More Rigorous

The Federal Reserve Board has issued an Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA). The ANPR proposes to build upon the existing CRA exam structure of separate tests for retail and community development activity.

NCRC Initial Analysis of Federal Reserve’s ANPR on the Community Reinvestment Act: A Step Forward but Needs to be More Rigorous Read More »

NCRC Short Summary of Federal Reserve Board Advanced Notice of Proposed Rulemaking on the Community Reinvestment Act

On September 21, the Federal Reserve Board approved an Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA). As an ANPR, this document is not a proposed change to the Federal Reserve’s CRA regulations. However, it offers details about a rule change the Federal Reserve (Fed) is contemplating 

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Civil rights and consumer advocacy groups support Federal Reserve steps to update CRA rules

On Monday, the Federal Reserve Board of Governors approved a process to revise the rules banks must follow to comply with the Community Reinvestment Act (CRA), and an Advanced Notice of Proposed Rulemaking (ANPR) to begin that process.

Civil rights and consumer advocacy groups support Federal Reserve steps to update CRA rules Read More »

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