A summary of recent changes to the rules implementing the Community Reinvestment Act of 1977 (CRA) by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal ...

WASHINGTON — Dissenting members of the Federal Reserve and Federal Deposit Insurance Corp. gave voice to a number of potential legal challenges to a newly-finalized revamp of the Community ...

The Community Reinvestment Act (the “CRA”) was originally passed by Congress in 1977 and its purpose is to ensure that banks receiving deposits from a community are also serving that community’s ...

Three federal banking regulators announced their intent to issue a proposal that would rescind the Community Reinvestment Act (CRA) final rule issued in October 2023. “The agencies will continue ...

WASHINGTON — The Board of Governors of the Federal Reserve System voted to issue a final rule revamping the Community Reinvestment Act Tuesday morning, redefining the criteria for small, intermediate ...

The Community Reinvestment Act is also tied up in other big news that’s been brewing: the announced (but not yet consummated) merger of consumer credit banking giants Capital One and Discover. Capital ...

NORTHAMPTON, MA / ACCESSWIRE / November 3, 2022 / CyberGrants When it comes to tracking activities for Community Reinvestment Act (CRA) compliance, many financial institutions rely on paper ...

Federal banking regulators on Tuesday released a nearly 1,500-page update to the 1997 Community Reinvestment Act to promote bank lending and other services to lower-income areas. Banks will ...

Auto lending may soon be included as part of the Community Reinvestment Act, a federal law enacted to encourage banks and savings associations to lend to low- and moderate-income households, under ...

SUMMARY: The Board and the FDIC (collectively, the Agencies) are amending their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds used to define "small bank" and ...

A national coalition of community groups is urging federal regulators to lower KeyBank's Community Reinvestment Act rating, reiterating its criticism of the bank's lending track record and ...