CRA Newswire

OCC: CRA Evaluations for 31 National Banks and Federal Savings Associations Released

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of February 1, 2024, through February 29, 2024.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

FDIC: CRA Examination Schedule Issued for Second and Third Quarters 2024

The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2024 and third quarter 2024. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter….

FHFA: Key Updates Announced for Implementation of Enterprise Credit Score Requirements

Use of “bi-merge” credit reporting to occur simultaneously with implementation of new credit score model requirements The Federal Housing Finance Agency (FHFA) today announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac (the Enterprises). Following extensive stakeholder engagement and input, FHFA is aligning the…

Agencies Host 2024 National Interagency Community Reinvestment Conference

The federal bank regulatory agencies and the Federal Reserve Banks of San Francisco and Chicago will host the 2024 National Interagency Community Reinvestment Conference in Portland, Oregon, March 4 to 7. The biennial conference offers participants the opportunity to learn about the Community Reinvestment Act (CRA) and to discuss best practices, innovations, and emerging challenges…

OCC: CRA Evaluation Schedule Issued for Second and Third Quarters 2024

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2024. 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…

CFPB: Guidance Issued to Rein in Rigged Comparison-Shopping Results for Credit Cards and Other Financial Products

Manipulative advertisements and kickbacks undermine competition and can violate federal law The Consumer Financial Protection Bureau (CFPB) today issued a circular to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks. Consumers use comparison-shopping tools to evaluate the costs,…

HUD: Nearly $9 Million Announced to Support People Experiencing Homelessness in Florida through Disaster Recovery Program

Grants will be awarded to the state and six localities to support those living in an emergency shelter, transitional housing, or a place not meant for human habitation. The U.S. Department of Housing and Urban Development (HUD) awarded $8.7 million in Rapid Unsheltered Survivor Housing (RUSH) funding to the State of Florida and six localities…

HUD: Treasury & HUD Extend Initiatives to Finance the Construction and Rehabilitation of Affordable Rental Homes for Low-Income Families

Extension of risk-sharing initiative will create or rehabilitate more than 38,000 new rental homes over the next 10 years for low-income families, seniors, and persons with disabilities. Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury (Treasury) announced that they will indefinitely extend the Section 542(c) Housing Finance…

HUD: New Funding Actions Announced to Support Affordability for Manufactured Homes and Communities

HUD launches a first-of-its-kind federal funding opportunity of $225 million, alongside financing enhancements, to support owners of manufactured homes, ensure affordability, and revitalize communities. The U.S. Department of Housing and Urban Development (HUD) is announcing today a sweeping set of new actions that will increase the availability and affordability of manufactured homes, through new opportunities…

FHFA: $301 Million Announced for Affordable Housing Programs

Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, the Federal Housing Finance Agency (FHFA) announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “Affordable housing is one of the greatest challenges facing communities across…