News Topic: Community development districts
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Reactions to CRA plan signal long fight ahead
While the banking industry has applauded regulators’ effort, community groups say the proposal needs to be reworked or it will hurt those the law was meant to help. ... Read full article
Tribes push for historic carve-out in CRA reform plan
Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities. ... Read full article
The case for market-based CRA reform
Many oppose a metric-based approach, but there are ways it could actually work. ... Read full article
Fed publishes report on what bankers want from CRA reform
The central bank gathered feedback in nearly 30 roundtable discussions about regulators' efforts to modernize the 1977 law. ... Read full article
Otting hopes for joint CRA rule, but says OCC could go it alone
The comptroller of the currency also addressed, in his role as acting FHFA head, whether Congress or the Trump administration will spearhead GSE reform. ... Read full article
Can CRA be modernized and still serve its original purpose?
One of the biggest sticking points as regulators try to reform the Community Reinvestment Act is expanding the assessment footprint but ensuring banks continue to serve their direct communities. ... Read full article