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 ...

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 ...

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 ...

Rules mark first major update of the 1977 Community Redevelopment Act in nearly 30 years in an effort to ensure fair lending in lower-income areas Last Updated: Oct. 24, 2023 at 3:46 p.m. ET First ...

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.. Friday’s announcement ...

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 ...

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 ...

Agency: " Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation." Board: Amal S. Patel, Counsel, 912-7879, Division of Consumer and Community Affairs; or Gavin L ...

Proposed new regulations could result in auto lending being included as part of the Community Reinvestment Act which would mean increased scrutiny of banks with large vehicle loan businesses.

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 ...