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...
OCC, FDIC Release Proposed CRA Changes
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation released a proposal on Thursday that would update Community Reinvestment Act regulations. The proposed rules are intended to encourage banks to increase activity in low- and...
Sugar River Bank’s Pitkin Named to FDIC Advisory Committee
The president and CEO of Newport’s Sugar Hill Bank is going to have the FIDC’s ear as it seeks advice on issues affecting community banks. Mark Pitkin was named to the FDIC Advisory Committee on Community Banking on Tuesday along with Great Falls,...This Week’s Paper: Digital Edition
