CDFI Fund: FY 2017 Funding Round Of BEA Program Open
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2017 application round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s website in anticipation the publication of the FY 2017 Notice of…
OCC: Bank Supervision Operating Plan for Fiscal Year 2018 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2018. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual banks. OCC staff members use this plan to guide their supervisory priorities, planning, and resource allocations. The plan…
CFPB: FFIEC Announces Availability Of 2016 HMDA Data On Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and include: Applications, originations, purchases, sales of…
ABA: Foundation Honors Six Banks with Community Commitment Awards
Categories range from affordable housing to community and economic development WASHINGTON — Six banks have been recognized as leaders in corporate social responsibility with an American Bankers Association Foundation Community Commitment Award. The awards were given to banks for their efforts in categories ranging from affordable housing to economic inclusion. Winners will be presented…
The World’s Greatest Toy Store May Disappear: CRA and the Retail Workforce
For any child that grew up in the era of G.I. Joe, Transformers and Care Bears, there was no greater experience than wandering the cavernous, local Toys R Us store. I remember walking down the aisles, with floors polished to the point you could see your reflection, and gazing upwards at pegs of action figures…
findCRA to Share Insights on Embracing CRA Technology at the 21st Annual Wolters Kluwer CRA & Fair Lending Colloquium in Nashville
findCRA will present an educational session on Community Reinvestment Act best practices in conjunction with the annual CRA & Fair Lending Colloquium, hosted by Wolters Kluwer, on Wednesday, November 8, 2017 at the Omni Nashville. The breakfast session will focus on how banks of all sizes can benefit from embracing new technologies and data-driven strategies…
Joint Release: Agencies Propose Amending CRA Regulations to Conform to HMDA Regulation Changes and Remove NSP References
The federal bank regulatory agencies today issued a joint notice of proposed rulemaking to amend their respective Community Reinvestment Act (CRA) regulations primarily to conform to changes made by the Consumer Financial Protection Bureau (CFPB) to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). Since 1995, the Board of Governors of the Federal…