fbpx

Federal Reserve

OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve

The Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Deposit Insurance Corporation (FDIC) had previously joined the OCC in the rule-making effort, but it did not join in the final rule released today.

OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve 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 »

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 »

Proposed Changes to the Community Reinvestment Act Will Be Disastrous for Low- and Moderate-Income Communities

The government’s plan to change how it enforces the Community Reinvestment Ac is “fundamentally flawed” and will significantly weaken the law, according to analysis of the proposal by the National Community Reinvestment Coalition (NCRC). 

Proposed Changes to the Community Reinvestment Act Will Be Disastrous for Low- and Moderate-Income Communities Read More »

More Than 500 Community Organizations Urge FDIC To Not Join Flawed Notice of Proposed Rulemaking for Community Reinvestment Act

Today, 516 state and national community-based organizations urged the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors to not join the Office of the Comptroller of the Currency’s (OCC) notice of proposed rulemaking (NPR) for the Community Reinvestment Act (CRA).

More Than 500 Community Organizations Urge FDIC To Not Join Flawed Notice of Proposed Rulemaking for Community Reinvestment Act 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 »

With rule changes looming, a coalition of national and local organizations urges bank regulators to modernize the Community Reinvestment Act

A group of 487 civil rights, fair lending, community, and consumer rights organizations today submitted to bank regulators a set of recommendations for strengthening the Community Reinvestment Act (CRA), a law designed to stop discrimination in mortgage and small business lending.

With rule changes looming, a coalition of national and local organizations urges bank regulators to modernize the Community Reinvestment Act Read More »

Scroll to Top