Links in “Community Reinvestment Act (CRA)”
- FDIC Releases CRA Results for November
The FDIC announced the results of CRA examinations for the month of November with 68 banks evaluated. Results show 2 "Needs to Improve" (both in the New York region) with 9 "Outstanding" (at least one in all regions except Atlanta) and 57 "Satisfactory." Kansas City region leads the way with number of FIs examined at 17. [11/5/14]
- OCC Strikes Again: Compliance Risk Workshop
The OCC will host two workshops focused on compliance and consumer protection risk surrounding BSA, TILA, CRA, and more. Attendees will come away with an understanding of best practices and what examiners look for in evaluating institutions. Find a full list of upcoming workshops here. [10/15/14]
- The Results Are in: September CRA Evaluations
The OCC has released the results of 39 CRA evaluations for the month of September. Five institutions received a ranking of outstanding, with 33 ranked as satisfactory and one ranked as needs improvement. [10/9/14]
- Clarifying Confusion on the Community Reinvestment Act
The OCC, Board, and FDIC have joined together to propose that additional clarification be given regarding CRA regulations. [9/11/14]
- What Counts as Economic Development?
Definition of what qualifies as economic development confusing you? The Fed, OCC, and FDIC are releasing a new question and answer document with more information on the CRA but first they want you to take a look and make a comment. [9/9/14]
- List of Recent CRA Examinations Released
The FDIC released a list of the banks recently evaluated for CRA compliance. Take a look to see how other banks are doing and what examiners are focusing on. [9/5/14]
- Extra, Extra: New CRA Data Released
The 2013 data covering small business, small farm, and community development lending reported by certain commercial banks and savings associations are now available, pursuant to the CRA. Read all about it. [8/20/14]
- CRA Consideration Expanded to New Areas
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." [7/1/2014]
- Outstanding CRA Performances
The Office of the Comptroller of the Currency has released a list of CRA performance evaluations for the month of May. Of the 36 institutions evaluated, 8 were ranked as "outstanding," with 28 as "satisfactory." None of the institutions evaluated in May received a rating of "needs to improve" or "substantial noncompliance." [6/3]
- Hit List Posted
The FDIC has issued its list of institutions scheduled for CRA examinations in the third-quarter. Accompanying the list is an explanation of the likely frequency of a CRA examination and a disclaimer that the schedule will likely change due to unforeseen events or circumstances. Regulators welcome public comment on the institutions scheduled for examination. [5/30]
