CRA

Give CRA reform credit where it's due

12/19/19

A provision of the Community Reinvestment Act overhaul package would rightfully hold lenders more accountable for reinvesting in cities where they are feeding off deposits.

[more]

Fix CRA before cracking down on bank mergers

12/18/19

Sen. Elizabeth Warren’s proposal to subject bank deals to greater public scrutiny should instead be addressed through reforms to the Community Reinvestment Act.

[more]

Will CRA revamp stimulate lending in down-and-out neighborhoods?

12/17/19

The proposed changes laid out by banking regulators would clear up confusion about what qualifies for CRA credit within so-called Opportunity Zones. But not all community development advocates are convinced that the changes are for the better.

[more]

Fed has to pitch in on CRA makeover

12/16/19

The OCC and FDIC have moved in the right direction by proposing reforms to the Community Reinvestment Act. Now it’s time for the Federal Reserve to join.

[more]

Reactions to CRA plan signal long fight ahead

12/15/19

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.

[more]

Senate Democrats demand OCC's Otting testify on CRA

12/13/19

The lawmakers sent a letter to the comptroller of the currency requesting his appearance before the Senate Banking Committee after he was unable to attend a hearing last week.

[more]

OCC, FDIC propose CRA overhaul; PayPal sues CFPB over prepaid rule

12/13/19

The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards.

[more]

A Community Reinvestment Act that works for everyone

12/12/19

Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA.

[more]

Lawmakers give wildly divergent reviews of CRA plan

12/12/19

Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.

[more]

CRA cheat sheet: New regime would look very different

12/12/19

The long-awaited proposal by the OCC and FDIC to modernize the Community Reinvestment Act would seek to make grading simpler and more transparent while allowing banks to spread loans and investments across a broader geographic area.

[more]