FDIC

My experience shows why CRA reforms are necessary

05/18/20

Operation HOPE Chief Executive John Hope Bryant talks about how the Community Reinvestment Act influenced him at the age of 9 and eventually led to the founding of his nonprofit, which works with banks to help communities in need. But he says the 1977 law is outdated.

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Regulators temporarily ease key capital measure for large banks

05/15/20

The interim rule will allow institutions with over $250 billion of assets to exclude certain assets from the supplementary leverage ratio to help them respond to the economic fallout from the coronavirus pandemic.

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FDIC tool to prevent bank runs goes unused vs. coronavirus

05/14/20

Congress authorized the Federal Deposit Insurance Corp. to intervene if the pandemic caused a liquidity scare, but nearly two months later deposits are through the roof and the agency has not acted on the expanded authority.

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Pandemic makes CRA reform more urgent, not less

05/13/20

Critics of the Community Reinvestment Act revamp want to freeze the rulemaking process. That would only delay financial help to New York and other hard-hit cities.

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FDIC proposes removing PPP loans from premium formula

05/12/20

The agency said without further action banks' participation in coronavirus relief programs could inflate their deposit insurance assessments.

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Democrats lay into OCC chief for pushing ahead with CRA rule

05/12/20

At a Senate hearing with all the bank regulators, Joseph Otting got an earful over his agency’s decision to move forward with Community Reinvestment Act reform during the pandemic. Lawmakers also urged the Fed to speed up the rollout of coronavirus relief programs.

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Agencies urged to pause CRA reform as banks manage pandemic response

05/07/20

The OCC is plowing ahead on plans to modernize the Community Reinvestment Act, but a growing consensus of industry and community voices says now is not the time for a major overhaul.

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Regulators modify liquidity coverage ratio requirements

05/05/20

The agencies issued a rule to better enable banks to participate in two of the Federal Reserve’s lending facilities and “support the flow of credit to households and businesses.”

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Regulators urge banks to monitor security of cloud service providers

05/01/20

The joint statement on the risks of cloud computing summarizes years of guidance and rules as industry reliance on third-party platforms has become more ubiquitous.

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Will coronavirus hasten arrival of fully remote bank exams?

05/01/20

Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent.

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