News Topic: CRA

Lawmakers on the Senate Banking Committee pushed Federal Reserve Chair Jerome Powell for details about how he plans to review the proposed merger between the two regional banks. ... Read full article

The company on Monday also announced an initiative to boost economic opportunities for African-Americans that will focus on job training, career-leadership pathways and wealth building. ... Read full article

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

After essentially failing its 2013 CRA exam, BBVA Compass embarked on an ambitious plan to achieve the highest possible CRA grade. Here’s how it succeeded. ... Read full article

Federal Reserve Board Gov. Lael Brainard said public comments demonstrate a desire among stakeholders for reforms to be implemented consistently across the Fed, OCC and CRA. ... Read full article

A Financial Services subcommittee planned by Democrats to root out discrimination and expand financial inclusion could put banks on the hot seat, but it could also foster regulatory relief. ... Read full article

The Office of the Comptroller of the Currency advanced the ball last year by collecting public feedback on modernizing the law, but all three federal bank regulators will have to reach consensus on a formal proposal. ... Read full article

From stress tests to tailoring the Dodd-Frank Act to the Volcker Rule, the banking agencies have a number of important proposals to finalize in the coming year. But there are several potential obstacles that could throw those plans off track. ... Read full article

Readers respond to one fintech startup's tough talk, debate failed plans to change the Consumer Financial Protection Bureau's name, weigh reforms to the Community Reinvestment Act and more. ... Read full article

Any serious discussion of how best to update the Community Reinvestment Act for the 21st century must focus on strengthening the law, not eliminating it. ... Read full article

More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace. ... Read full article

Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process. ... Read full article

Regulators are considering reforms to the Community Reinvestment Act, but it’s not clear that the law is needed anymore. ... Read full article

Zions' Harris Simmons named Banker of the Year; distilling the hopes and hang-ups around CRA reform; new grist in still ongoing debate over Operation Choke Point; and more from this week's most-read stories. ... Read full article

Regulators have yet to issue a formal plan for updating the Community Reinvestment Act, but a list of questions about the reform effort issued by the Office of the Comptroller of the Currency has produced a treasure trove of public feedback. ... Read full article

On the verge of controlling the Financial Services Committee, House Democrats criticized proposed changes to the Federal Reserve Board's post-crisis supervision program. ... Read full article

The head of the Consumer Bankers Association lays out four industry priorities for the regulatory push to overhaul the Community Reinvestment Act. ... Read full article

The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head. ... Read full article