OCC to Reconsider CRA Changes
The Biden administration said Tuesday it will repeal changes made by the Trump administration to a law aimed at stopping banks from discriminating against racial minorities and the poor. The Office of the Comptroller of the Currency, one of the nation’s bank...
Fed Offers its Own CRA Reform Package
Another attempt to overhaul the Community Reinvestment Act moved forward last week as the Federal Reserve released its proposal to modernize the legislation that encourages financial institutions to meet community credit needs. The Fed has issued an Advance Notice of...
OCC Releases Final CRA Rule Without FDIC Support
Five months after issuing a proposal to update the Community Reinvestment Act, the Office of the Comptroller of the Currency today released its final rule. But unlike the December proposal, the other federal bank regulators did not endorse the final rule. The Federal...
Regulators Push Ahead with CRA Reform
Even as many banks and housing agencies remain focused on the financial crisis caused by the coronavirus pandemic, two federal bank regulators plan to move forward with changes to the Community Reinvestment Act. One day after the April 8 deadline for submitting...This Week’s Paper: Digital Edition
