The New York Department of Financial Services reminded banking institutions of recent amendments to the New York Community Reinvestment Act that require additional information on activities with respect to minority- and women-owned businesses.
In testimony before the House Financial Services Committee, OCC Comptroller Joseph M. Otting defended proposed amendments to the Community Reinvestment Act designed to encourage banks to provide more qualified lending, investment and services.
The OCC and the FDIC proposed amending the Community Reinvestment Act to encourage banks to provide more qualified lending, investment and financial services to underserved communities.
Federal Reserve Board Governor Lael Brainard proposed an approach to Community Reinvestment Act oversight that would use metrics on retail banking services and community development to evaluate banks in low- and moderate-income neighborhoods.
The banking agencies adjusted the asset-size thresholds used to define small and intermediate small banks and savings associations under the Community Reinvestment Act.
The OCC and the FDIC proposed amendments to the regulations implementing the Community Reinvestment Act to encourage banks to provide more qualified lending, investment and financial services to underserved communities.
The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
At a roundtable discussion hosted by the Federal Reserve Board, bankers and community groups described their experiences with Community Reinvestment Act implementation and proposed amendments to better address underserved areas.
FDIC Chair Jelena McWilliams "challenged" the agency to increase its efforts to understand and address "the needs of our communities and the banks that serve them."
House Financial Services Committee Chair Maxine Waters (D-CA) asked the Federal Reserve Board and FDIC for more time to review the proposed merger of BB&T Corporation with SunTrust Banks, Inc.
The Office of the Comptroller of the Currency, the Federal Reserve Board and the FDIC adopted their annual adjustments 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.
Federal Reserve Board Governor Lael Brainard outlined several ways to improve the effectiveness of the Community Reinvestment Act and to increase available credit in lower-income areas.
In a notice of proposed rulemaking, the Office of the Comptroller of the Currency requested feedback on the ways it could modernize the Community Reinvestment Act regulatory framework.
In a revised Policies and Procedures Manual, the Office of the Comptroller of the Currency clarified how its Community Reinvestment Act evaluation of certain banking organizations is impacted by evidence of discriminatory or other illegal credit practices.
The Office of the Comptroller of the Currency notified national banks, federal savings associations, and federal branches and agencies of clarifications to supervisory policies and processes for Community Reinvestment Act exams.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the FDIC adopted amendments to the Community Reinvestment Act regulations in response to recent changes to Regulation C.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the FDIC proposed amendments to their Community Reinvestment Act regulations in response to recent changes to Regulation C (Home Mortgage Disclosure).
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the FDIC proposed amendments to their Community Reinvestment Act regulations in response to recent changes to Regulation C.
The OCC, the Board of Governors of the Federal Reserve System and the FDIC made annual adjustments in 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...
