Tax credits

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


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.


Congress dangles tax credits to boost supply of affordable housing


The bipartisan proposal aims to renew banks' interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them.


SunTrust, BB&T plan parting gifts to their hometowns


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.


Banks explore ways to capitalize on tax law's 'Opportunity Zones'


Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.


Banks face collateral damage from clean energy firm's bankruptcy


Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.


Several banks disclose exposure to clean energy firm's bankruptcy


At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme.


Wells Fargo faces probe on low-income tax credit purchases


Multiple agencies are looking into its purchase of certain credits tied to low-income housing developments, the bank said in a securities filing Friday.


'Those deposits would be gone in a flash': Comments of the week


Readers react to a drive for more public banks, weigh in the launch of an online-only bank, chime in on what millennials need and more.


Low Income Housing Tax Credit gets boost from spending bill


Lawmakers approved a measure to increase the program's funding by nearly $3 billion over four years.


Dear Congress: Don't lose New Markets credit in tax reform deal


Lawmakers should preserve the credit meant to spur economic development as part of sweeping tax reform being debated in Congress this week.