OCC

RULING: Federal Court Rejects Trump Admin’s Effort to Evade Accountability for Unlawfully Gutting Anti-Redlining Protections

By / February 1, 2021 / Press Releases

“The harm caused by the Trump Administration’s unlawful evisceration of anti-redlining rules is real and urgent. We are pleased the court rejected the Trump Administration’s shameful attempt to evade accountability for gutting a crucial anti-redlining law. We will continue to press forward in our case to protect marginalized communities and return the protections of the Community Reinvestment Act from the Trump Administration’s continued unlawful grip.”

NCRC statement on OCC’s Proposed CRA Thresholds

By / November 25, 2020 / Press Releases

Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule.

Initial NCRC Analysis of OCC Proposal to Establish Thresholds for its New CRA Measures

By / November 30, 2020 / Testimony & Regulatory Comments

The OCC has proposed yet another data collection effort to develop thresholds for its flawed 2020 Community Reinvestment Act final rule. This is another tacit admission by the OCC that  all along it has lacked the data and factual basis for developing its flawed revisions to CRA examination performance measures. Instead of creating more consistency …

Initial NCRC Analysis of OCC Proposal to Establish Thresholds for its New CRA Measures Read More »

Industry and consumer groups urge OCC to extend the comment period on novel bank charter applications from Figure and Anchorage

By / January 5, 2021 / Testimony & Regulatory Comments

The undersigned trade associations and organizations representing banks, credit unions and consumer interests write to share our concern with the brevity of the public comment period provided for recent novel national bank and national trust charter applications. The charters are not new, but the utilization of those existing charters by non-traditional applicants is significant.

OCC announces final rule to amend licensing procedures

By / November 18, 2020 / Press Releases

Monday, the Office of the Comptroller of Currency (OCC) published a final rule amending its licensing and merger procedures that will make it more difficult for community groups to comment on bank merger applications.  Jesse Van Tol, CEO of the National Community Reinvestment Coalition, made the following statement: “It appears the OCC is doubling down …

OCC announces final rule to amend licensing procedures Read More »

OCC’s new True Lender rule opens the door to more abusive lending

By / October 28, 2020 / Press Releases

In a final rule issued Tuesday, the Office of the Comptroller of the Currency sanctioned high-cost lending arrangements between state-licensed non-banks and national banks. As a result, payday lenders and others charging triple-digit interest rates will be able to conduct business in states where high-cost lending is prohibited by state law.

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

By / October 21, 2020 / Views

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 

Community Reinvestment Groups Press Lawsuit Against Trump Admin for Dismantling Anti-Redlining Rules

By / September 30, 2020 / Press Releases

Late Monday, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, responded to the Office of the Comptroller of the Currency’s (OCC) attempt to dismiss their suit challenging its dismantling of anti-redlining rules put in place to enforce the Community Reinvestment Act (CRA).

Amicus Brief Opposes OCC Charter That Would Aid Predatory Lenders

By / July 31, 2020 / Press Releases

The Center for Responsible Lending, National Consumer Law Center, and National Community Reinvestment Coalition filed an amicus brief today in Lacewell v. Office of the Comptroller of the Currency (OCC), in support of the plaintiff, the New York State Department of Financial Services (DFS), against the OCC’s plan to issue “special purpose national bank” charters to nonbank lenders.