Links in “Community Reinvestment Act (CRA)”

FFIEC releases the 2014 CRA data. [8/26/15]

The OCC's Deputy Comptroller for Community Affairs speech to the Association for Neighborhood and Housing Development (ANHD) included insights into how public welfare projects and Community Reinvestment Act can foster community and economic development. [3/20/2015]

OneWest Bank in California had set up a website that generated more than 2,000 form letters urging regulators to approve its merger with CIT Group without a public hearing. Apparently the Fed and community groups were not amused. A public hearing has now been scheduled for later this month, where opponents are expected to raise CRA and "too big to fail" concerns. [2/9/15]

The OCC released its list of Community Reinvestment Act (CRA) performance evaluations for the period of December 1, 2014, through December 31, 2014, that included 30 covered institutions. Overall ratings assigned were two outstanding and the remaining 28 satisfactory. [1/26/15]

After a quiet close to 2014, agencies acted quickly to ensure that modifications to Basel III capital rules would not significantly affect community banks. In addition, dollar adjustments were made to thresholds under the Truth in Lending Act and Community Reinvestment Act. [1/6/15]

The regulatory agencies announced the annual adjustment to the CRA (Community Reinvestment Act) asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under CRA. A "small bank" has assets of under $305 million as of December 31 of both of the prior two calendar years. Those meeting the small and intermediate small asset-size threshold are not subject to the reporting requirements applicable to large banks and savings associations. [12/22/14]

Of the 23 CRA evaluations completed by the OCC during November, only one institution was rated Needs to Improve. 20 of the remaining institutions received a Satisfactory rating and two were deemed Outstanding. [12/11/14]

The OCC has released the schedule of CRA examinations to be conducted during the first quarter of 2015. Public comment on the institutions scheduled for review is strongly encouraged and will be considered as part of the examination. [12/3/14]

Its time for EGRPRA (aka Economic Growth and Regulatory Paperwork Reduction Act of 1996). The every decade process of reviewing regulations will begin with the first meeting in Los Angeles on December 2, 2014 and continue throughout 2015. The meeting gives interested parties an opportunity to present their views on any of the 12 categories of regulations that covers safety and soundness areas, money laundering, consumer protection, etc. Need more? Go to http://egrpra.ffiec.gov/. [11/7/14]

Speech highlights efforts of the CFPB to promote banking and bank education through targeted initiatives and programs of the CFPB. [11/7/14]