OCC: Comptroller Statement Regarding Joint Proposal to Modernize the CRA Regulations

Comptroller of the Currency Joseph Otting today released the following statement regarding the publication of the joint notice of proposed rulemaking to modernize the Community Reinvestment Act (CRA) regulations. Since 1977 the Community Reinvestment Act has steered trillions of dollars into neighborhoods across our country helping to reinvigorate those communities […]

ABA: Statement on Joint Release of Proposed CRA Rule

“We welcome the joint proposal from the OCC and FDIC to modernize Community Reinvestment Act regulations. We believe that updating these rules to reflect the reality of financial services today can enhance banks’ ability to invest in their communities and achieve the laudable goals of CRA. We thank Comptroller Otting, […]

FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs

Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech […]

Treasury Department: Community Reinvestment Act Modernization Recommendations Released

Today the U.S. Department of the Treasury released recommendations to modernize the Community Reinvestment Act (CRA). The recommendations were issued to the primary CRA regulators, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation.  Treasury’s objective in developing these recommendations is […]