News Topic: CRA

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

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

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. ... Read full article

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

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

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. ... Read full article

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

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

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

As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal. ... Read full article

Consumer groups applauded the California bank's announcement. ... Read full article

Intern programs are just one example of an activity that should count for CRA credit and meet Dodd-Frank requirements, says Comptroller of the Currency Joseph Otting. ... Read full article

The central bank gathered feedback in nearly 30 roundtable discussions about regulators' efforts to modernize the 1977 law. ... Read full article

The merging banks, whose new headquarters would be Charlotte, N.C., will each double their charitable giving over the next three years in Atlanta and Winston-Salem, N.C. ... Read full article

Jelena McWilliams said federal bank regulators could begin "within a week or so" to discuss a draft proposal for reforming the Community Reinvestment Act. ... Read full article

BB&T’s chief executive has not prioritized meeting with local leaders and consumer advocates to discuss its merger plans, missing a valuable opportunity to create a new kind of large bank. ... Read full article

The comptroller, now a year and a half on the job, discusses his attempts to revamp the supervision process for national banks and make the agency run more efficiently. ... Read full article

The chairwoman of the House Financial Services Committee said the panel will be holding its own public hearings on the proposed merger. ... Read full article