CRA

OCC: Comptroller Visits Baltimore Affordable Housing Event

Comptroller of the Currency Joseph Otting and senior staff visited an event promoting affordable and sustainable homeownership in Baltimore on Monday. The free “Achieve the Dream” event hosted by the non-profit Neighborhood Assistance Corporation of America (NACA) was part of a series the organization hosts around the country that provides counseling to potential homebuyers, helps…

August 14, 2019 Industry News

OCC: Comptroller Tours Atlanta Areas Where the CRA Has Benefitted the Community and Where More Can Be Done

Comptroller of the Currency Joseph Otting, today visited Atlanta to tour neighborhoods that have benefitted from activities encouraged by the Community Reinvestment Act (CRA) and areas that could benefit from additional CRA activity. “Today, we saw what great things can be accomplished when banks, civil rights organizations, nonprofit groups, and local advocates work together to…

August 9, 2019 Industry News

OCC: CRA Evaluations Released for 42 National Banks and Federal Savings Associations

 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 July 1, 2019 through July 31, 2019.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The…

August 8, 2019 CRA Examinations

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in May 2019. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

August 5, 2019 CRA Examinations

OCC: CRA Guidelines for Requesting Approval of a Strategic Plan

OCC BULLETIN 2019-39 Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to inform national banks, federal savings associations, and federal branches of foreign banking organizations (collectively, banks) about current guidelines for requesting approval to be evaluated under the Community Reinvestment Act (CRA) using the strategic plan option or to request…

July 31, 2019 CRA Examinations

OCC: CRA Guidelines for Requesting Designation as Wholesale, Limited Purpose or Special Purpose Bank

OCC BULLETIN 2019-40 Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to inform national banks, federal savings associations, and federal branches of foreign banking organizations (collectively, banks) subject to the Community Reinvestment Act (CRA) about guidelines for requesting a designation as a wholesale or limited purpose bank for CRA purposes…

July 31, 2019 CRA Examinations

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2019. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

July 3, 2019 CRA Examinations

OCC: CRA Evaluations Released for 23 National Banks and Federal Savings Associations

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 June 1, 2019 through June 30, 2019. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

July 2, 2019 CRA Examinations

FFIEC: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2019 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community…

June 17, 2019 Regulatory Updates

Interagency Release: List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies for 2019 Released

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2019 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community…

June 17, 2019 Regulatory Updates