OCC’s Otting on CRA timeline, Camels and fintech legal battles


The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths.


CIT pledges $7.75B reinvestment as part of Mutual of Omaha deal


CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.


Keys to small banks’ survival: One regulator’s view


Complaints that banks, credit unions and nonbanks compete on an uneven playing field should be heard, just as community banks must take seriously the threats from high-tech rivals, says Julie Stackhouse, a retiring supervision official at the St. Louis Fed.


'Enough of this nonsense': Comments of the week


Readers cast doubts on regulatory attempts to jointly revamp the Community Reinvestment Act, react to Democrats berating the CFPB head, an upcoming House hearing with Facebook's CEO and more.


Joint CRA plan is no sure thing, FDIC's McWilliams says


The three federal bank regulators often say they want to work together to reform the Community Reinvestment Act. But once again, a senior official has raised the possibility the agencies will move separately.


'Let's play a drinking game': Comments of the week


Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.


CRA reforms must go beyond branch banking


Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law.


PNC's Sally McCrady is helping children 'grow up great'


American Banker's community impact winner for 2019 has been the driving force behind the Pittsburgh bank's $500 million investment in early childhood education and development.


More research needed into why banks decide to sell, regulators say


The factors that drive small banks to accept acquisition offers and the impact those decisions have on their communities must be better understood, according to the Fed’s Michelle Bowman and the FDIC’s Jelena McWilliams.


One community banker's plan to reach the underbanked


Julieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says.