LOS ANGELES — Comptroller of the Currency Thomas J. Curry today discussed efforts to help revitalize communities and highlighted how community members can voice their concerns. Remarks came during a speech before the 2016 National Interagency Community Reinvestment Conference. Related Links: Remarks (PDF) Comptroller of the Currency Thomas J. Curry
Interagency Guidance: Annual CRA Asset-Size Threshold Adjustments Released
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated […]
Interagency Guidance: 2014 Small Business, Small Farm And Community Development Lending Data Now Available
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency—announced today the availability of data on small business, […]
findCRA CRANewswire – One Stop For All Your Important CRA Updates
findCRA is excited to announce that we have significantly expanded our CRA Newswire. You’ll continue to see our own articles about what’s going on in the banking, community development and nonprofit industries as well as successful connection stories and more. In addition, we’re now keeping track of important developments with key […]
The POSTAL Bill and CRA…Should Banks Be Worried?
On July 24, 2014, Rep. Cedric Richmond (D – LA) introduced a bill that would allow the U.S. Postal Service to offer banking services to its customers. Under the bill, Post Office customers could open checking accounts, deposit into interest-bearing savings accounts and apply for small-dollar loans. The bill also supports the […]
2014 NICRC: Five Important Lessons Learned
Looking over notes from the 2014 National Interagency Community Reinvestment Conference, certain themes recurred throughout the sessions. The following is our list of the five most important insights for bankers. Are the right people involved in your CRA program? As the CRA Officer, do you have the appropriate level of […]
CRA Officer’s Examination Myth Dispelled
MYTH: “Mortgage loans are all that count towards my CRA lending performance.” Let’s be honest, regulators will review a bank’s mortgage lending data as a key indicator of CRA lending performance. But while mortgage data is key to developing and supporting your CRA efforts, it’s not the only way you can get CRA […]
2014 NICRC: An Inside Look
So what does a T-Rex skeleton have to do with CRA and community development? Not much, really. Is it a captivating image that sums up my experience at the 2014 National Interagency Community Reinvestment Conference? Absolutely. Everything about this event was new and fascinating to me, while at the same […]
The Great Migration Away From Branch Banking
According to a survey released by Bankrate.com in March 2014, the era of the traditional brick and mortar branches may be coming to an end or at least a significant shift. The survey asked a little over 1,000 adults within the continental United States “when was the last time you visited […]
2014 NICRC: Gearing Up…
Just in time for the launch of findCRA.com, the 2014 National Interagency Community Reinvestment Conference was held in Chicago from March 31st to April 2nd. For those involved with CRA and community development, this is THE event to attend. Participants not only have the opportunity to network with the most advanced practitioners and agency professionals in […]