Agencies Issue Host State Loan-to-Deposit Ratios
Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios, as required by law. Each respective host state loan-to-deposit ratio shows the ratio of total loans in a state to total deposits in the state for all banks that have that state as their home state. These ratios replace those issued in May 2024….
ABA: Submissions Open for 13th Annual Community Commitment Awards
The American Bankers Association Foundation is now accepting submissions for its 13th annual Community Commitment Awards, ABA’s highest honors for extraordinary community engagement. Banks of all sizes are encouraged to enter their most successful community initiatives for the awards, which recognize innovative, high-impact bank programs that improve the quality of life for the communities they serve….
CFPB: Agency Will Not Prioritize Enforcement or Supervisory Actions of Section 1071 Small Business Lending Requirements
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers The Consumer Financial Protection Bureau is announcing today that, with respect to the regulation titled Small Business Lending Under the Equal Credit Opportunity Act (Regulation B), implementing Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, 88 Fed. Reg….
OCC: Bulletin Issued to Update OCC Contact Information for Certain Community Reinvestment Act, Fair Housing Act, and Equal Credit Opportunity Act Notices and Posters
Summary This bulletin informs banks1 of the appropriate names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act, and for posters required by the Fair Housing Act. Banks should make the appropriate changes to their notices and posters, if necessary, within 90 days of this bulletin’s date of issuance….
CFPB: 2024 HMDA Data on Mortgage Lending Now Available
The Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2024 are now available on the Federal Financial Institutions Examination Council’s (FFIEC) HMDA Platform for approximately 4,898 HMDA filers. The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy. To increase public accessibility, the annual loan-level LAR data…
ICBA: ICBA Applauds Agencies for Proposing to Rescind Harmful CRA Rule
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s announcement that the federal banking regulators intend to issue a proposal to rescind the Community Reinvestment Act final rule issued in October 2023 and reinstate the CRA framework that existed prior to that final rule, in light of pending…