CFPB: Some People Make Experience Refund Delays This Tax Season
Many people anticipate their tax refund to help cushion holiday expenses, pay essential bills, or build savings. Everyone can begin filing their taxes when tax season begins. However, if you’re claiming the Earned Income Tax Credit or Additional Child Tax Credit , due to a new law , you won’t receive your refund until after February 15, 2017. You can learn…
CFPB: Fall 2016 Rulemaking Calendar
An important part of the CFPB’s statutory mandate from the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) is to make rules governing consumer finance markets more effective and to create new rules when warranted. Under the Regulatory Flexibility Act, federal agencies must publish regulatory agendas twice a year. As an independent regulatory…
OCC: Comptroller Discusses CRA and Affordable Housing
WASHINGTON — Comptroller of the Currency Thomas J. Curry today discussed efforts to enhance compliance supervision and the Community Reinvestment Act (CRA). Mr. Curry, speaking to a gathering of the National Association of Affordable Housing Lenders, also noted that CRA performance and compliance are critical aspects of the business of banking. Related Links Remarks (PDF) Comptroller…
Federal Reserve: College Fed Challenge Winners Announced
Rutgers University won the 13th annual national College Fed Challenge on Thursday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New Brunswick, N.J., represented the New York Federal Reserve District and included Karn Dalal, Ali Haider Ismail, Andrew Lee,…
FDIC: First Quarter 2017 CRA Examination Schedule Released
The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the first quarter of 2017. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly…
Federal Reserve: Changes Announced to Beige Book Beginning in 2017
The Federal Reserve on Wednesday announced changes that will begin in 2017 to its Beige Book publication. The modifications will standardize specific core topics included in each of the 12 Federal Reserve Bank District reports, provide a more consistent presentation of the national summary, and enhance the design of the publication. The national summary, along with each…
What is CRA?
The Community Reinvestment Act or CRA is a United States Federal law that obligates banks to meet the credit needs of low- and moderate-income (“LMI”) people and areas in each community where the bank has a branch or conducts business. Large banks (with assets over $1.2 billion) must also provide community development investments and services…
findCRA Infographic: Small Businesses – Think Local This Holiday Season
Check out our infographic highlighting the impact of small businesses on the nation’s economy: