OCC: First and Second Quarter 2025 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
findCRA to Lead CRA Session at the Arkansas Community Bankers Association’s 2024 Compliance Conference in Little Rock
findCRA will be onsite on September 11th at the annual Arkansas Community Bankers Association’s 2024 Compliance Conference in Little Rock. During the conference, findCRA’s President, COO & Co-Founder, will lead a general session covering the 2024 CRA final rule and its potential impacts to bankers within the state. The session will also dive into best practices for…
FHFA: Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligiblity Requirements
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) are issuing updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) – the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the Enterprises. “Financially sound private mortgage insurance…
SBA: Statement on the CFPB Action to Finalize Section 1071 Rule
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, issued the following statement on the Consumer Financial Protection Bureau (CFPB)finalizing Section 1071, a rule that aims to increase transparency in small business lending, promote economic development, and combat unlawful discrimination: “The CFPB’s important work to advance transparency and improve data collection in small business lending enables the…
FEMA: Coosa, Elmore and Hale Counties Added to Alabama Major Disaster Declaration
Coosa, Elmore and Hale counties are now eligible for FEMA assistance after the Jan. 12 storms and tornadoes in Alabama. Individuals and households in Coosa, Elmore and Hale counties can apply for FEMA Individual Assistance, which may include temporary housing assistance, basic home repairs and certain other uninsured disaster-related needs. These counties join Autauga and…