CRA

Truist's logo, Wells vs. USAA redux, Visa's Plaid pickup: Top stories of the week

01/17/20

Truist emphasizes high-touch, high-tech focus with new logo; Wells Fargo loses another patent lawsuit to USAA; what the Visa-Plaid merger means for banks, fintechs; and more from this week's most-read stories.

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Waters urges regulators to ensure integrity of CRA public comments

01/16/20

The House Financial Services Committee chair asked two regulatory agencies about what steps they've taken to prevent fabricated comment letters as they invite the public to weigh in on Community Reinvestment Act changes.

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Regulators aren't only ones at odds over CRA reform

01/14/20

As the regulatory agencies have struggled to reach a consensus, a proposal championed by Office of the Comptroller of the Currency has divided lawmakers and been assailed by community groups.

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Will regulators ever find common ground on CRA reform?

01/09/20

More than two years after efforts began to modernize enforcement of the Community Reinvestment Act, regulators appear far apart on how to proceed.

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CRA overhaul may get messy; Student loans vulnerable in bankruptcy

01/09/20

Fed proposal is at odds with the one offered by the FDIC and OCC; judge wants to dispel the “myth” that student loans can’t be expunged in bankruptcy.

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Fed's Brainard delivers sharp rebuke of CRA revamp plan

01/08/20

Though she stopped short of mentioning the FDIC and OCC by name, Fed Gov. Lael Brainard objected to several key elements of those agencies' proposal.

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CRA plan could be breakthrough for credit-starved tribes

01/07/20

Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans made on reservations, even if the lands sit far outside their assessment areas.

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Regulators' powerful incentive to fast-track CRA reform

01/06/20

The prospects of a potential Democratic sweep of the 2020 elections could spur regulators to quickly finalize changes to the Community Reinvestment Act.

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House banking panel to hold two hearings this month on CRA reform plan

01/06/20

House Financial Services Committee Chairwoman Maxine Waters announced she will hold two hearings in January to examine a proposal to overhaul the Community Reinvestment Act.

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What's the Fed's next move on CRA reform?

01/03/20

After declining to support the proposal drafted by the OCC and FDIC, the Federal Reserve could issue its own framework or just keep the current CRA regime.

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