CRA

Regulators may end CRA credit for loans to wealthy: OCC’s Otting

08/09/19

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers.

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SBA blamed for flagging small-business investment program

08/07/19

Lawmakers and others faulted the agency's foot-dragging on approving licenses and funding requests for small-business investment companies, whose owners include banks.

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Regulators aim to release CRA plan in 'next few months': FDIC chief

07/31/19

Jelena McWilliams said federal bank regulators have made progress in developing a proposal but acknowledged that the reform process has been slow.

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'Stop sugar coating the reverse mortgage': Comments of the Week

07/25/19

Readers react to BofA defending reverse mortgage borrowers, support the Federal Reserve creating a real-time payments system, advocate for consolidating federal bank agencies and more.

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House lawmakers go light on BB&T-SunTrust merger

07/24/19

The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial.

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Inside BB&T-SunTrust’s community reinvestment plan

07/22/19

Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger?

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'Petulant children playing with matches': Comments of the week

07/18/19

Readers react to House lawmakers attempting to overhaul the credit bureaus, express sarcasm to the Senate Banking Committee eyeing cannabis banking, criticize Sen. Elizabeth Warren's plans to overhaul Wall Street and more.

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The case for market-based CRA reform

07/12/19

Many oppose a metric-based approach, but there are ways it could actually work.

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'Let's encourage banks to join payday lenders': Comments of the week

07/11/19

Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more.

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The Fed’s remarkable turnaround on CRA

07/11/19

The central bank has a long history of fighting reforms to the Community Reinvestment Act, until now.

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