Federal Reserve: New Members of Community Advisory Council Announced

The Federal Reserve Board on Thursday announced five new members of its Community Advisory Council (CAC). The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and […]

Federal Reserve: Members of Community Depository Institutions Advisory Council for 2021 Announced

The Federal Reserve Board on Thursday, December 17 announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president of the council for 2021. CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives […]

Federal Reserve: Speech by Governor Brainard on Modernizing and Strenghening CRA Regulations

At the Consumer Bankers Association Community Reinvestment Act Committee Meeting Good afternoon and thank you for inviting me to take part in the Consumer Bankers Association’s (CBA’s) Community Reinvestment Act (CRA) Committee meeting. The CRA officers and teams at your institutions play an important role in identifying community priorities and […]

FFIEC: Federal Banking Agencies Announce Availability of 2019 Small Business, Small Farm, and Community Development Lending Data

The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA. The agencies releasing […]

FDIC: Federal Banking Agencies Announce Availability of 2019 Small Business, Small Farm, and Community Development Lending Data

The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA. The agencies releasing […]

OCC: Federal Banking Agencies Announce Availability of 2019 Small Business, Small Farm, and Community Development Lending Data

The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities today announced the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA. The agencies releasing […]

Federal Reserve: Speech by Governor Brainard on Modernizing and Strengthening CRA Regulations

At The Chicago Community Trust, Chicago, Illinois Good morning. I want to thank Dr. Helene Gayle for inviting me to join this conversation, along with the staff, grantees, and partners of the Chicago Community Trust and President Charlie Evans of the Federal Reserve Bank of Chicago. I appreciate the opportunity […]

Federal Reserve: Board Announces Extension Through March 31, 2021 for Several of Its Lending Facilities

Facilities were generally scheduled to expire on or around December 31 The Federal Reserve Board on Monday announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or around December 31. By backstopping critical short-term funding markets, these facilities are […]

Interim Final Rule Provides Temporary Relief to Community Banking Organizations Due to Coronavirus Response

The federal bank regulatory agencies on Friday announced an interim final rule that provides temporary relief for certain community banking organizations related to certain regulations and reporting requirements as a result, in large part, of their growth in size from the coronavirus response.  Community banking organizations are subject to different […]

Federal Reserve: New York Fed Releases Report About Credit Access and Debt Payment for Low-Income Americans

The Federal Reserve Bank of New York today released a report on the effects COVID-19 has had on low-income Americans’ ability to access credit and pay down debt.  The report, “State of Low-Income America: Credit Access & Debt Payment,” uses data from the New York Fed’s Consumer Credit Panel, which […]