FDIC: CRA Examination Schedules for Third and Fourth Quarter 2020 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third and fourth quarter 2020. 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. The Community…
Interagency Joint FAQs on CRA Consideration for Activities in Response to the Coronaviurs
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have issued the attached Frequently Asked Questions (FAQ) on CRA consideration for activities in response to the Coronavirus Disease (referred to as COVID-19). This FAQ provides additional clarification of the information included…
OCC: Third and Fourth Quarter 2020 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 third quarter and fourth quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA. Public comments should be submitted…
FDIC: Statement by Chairman McWilliams on CRA Joint Proposed Rulemaking
Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today released the following statement regarding the agency’s joint proposed rulemaking with the Office of the Comptroller of the Currency (OCC) to modernize the Community Reinvestment Act (CRA). “The CRA proposal the OCC and the FDIC issued last December was a culmination of a multi-year effort by…
ABA: Statement on OCC’s CRA Final Rule
“The modernization of CRA’s outdated rules is long overdue, and we are very grateful to Comptroller Otting and the OCC staff for their commitment to this important effort. Stakeholders on all sides have acknowledged that the current CRA regime has failed to keep pace with the evolution of banking and community needs. We appreciate that…
ABA: Strategic Partnerships Announced to Strengthen Minority Depository Institutions
The American Bankers Association (ABA) and the National Bankers Association (NBA) today announced that the organizations have joined together in a strategic partnership to promote the health and well-being of minority depository institutions (MDIs). This partnership will build on existing membership overlap and enable NBA and ABA members to work collaboratively on a variety of…
CFPB: Final Rule Issued Raising Data Reporting Thresholds Under HMDA
The Consumer Financial Protection Bureau (Bureau) issued a final rule raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act (HMDA). The final rule, amending Regulation C, increases the permanent threshold for collecting and reporting data about closed-end mortgage loans from 25 to 100 loans effective July 1, 2020….
OCC: Comptroller Thanks Stakeholders for Comments on the Proposal to Modernize CRA Regulations
Comptroller of the Currency Joseph M. Otting today issued the following statement thanking stakeholders for their comments on the proposal to strengthen and modernize the regulatory framework implementing the Community Reinvestment Act. I want to thank all of the stakeholders who have submitted more than 7,400 thoughtful and helpful comments regarding the Office of the…