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OCC

Federal Regulators Should Refrain From Making a True Lender Rule

In the coming weeks, we expect the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to propose a rule for the “true lender” doctrine, an act that will have a negative impact on the ability of states to protect their residents from high-cost lending.

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The OCC’s new emphasis on essential infrastructure will divert banks from low- and moderate-income neighborhoods

The poorly conceived addition of infrastructure as eligible community development will at best be under-utilized and at worst a giant sucking sound draining resources from LMI neighborhoods and even threatening some of them with physical destruction.

The OCC’s new emphasis on essential infrastructure will divert banks from low- and moderate-income neighborhoods Read More »

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’s Policy Director Testifies Before House on Disastrous CRA Reform Proposal

The Trump Administration’s banking regulators released a plan in December to upend the Community Reinvestment Act (CRA). Although released under the guise of being a modernization of the monumental civil rights legislation, Comptroller of the Currency Joseph Otting’s plan is a complete rewrite of the law.

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Audio: What is going on with the Community Reinvestment Act?

Listen to this discussion hosted by NCRC’s Senior Civil Rights Investigator Rose Ramirez, featuring Community Reinvestment Act Manager Kevin Hill and Senior Community Reinvestment Act Advisor Josh Silver on the Advance Notice of Proposed Rulemaking regarding CRA and what it means to communities throughout the country.

Audio: What is going on with the Community Reinvestment Act? 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 »

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