Links in “Community Reinvestment Act (CRA)”
- Regulators Promote New CRA Conference
Federal bank regulatory agencies announce the upcoming biennial 2014 National Interagency Community Reinvestment Conference in Chicago on March 31 to April 2 focusing on CRA issues and promoting awareness of innovations in community development policies and practices. [3/10]
- FDIC’s CRA Results: 1 Needs to Improve, 1 Substantial Non-Compliance
Results of CRA Examinations from December 2013 released showing 116 FIs reviewed with 4 Outstandings, 110 Satisfactory, 1 Needs Improvement (First Navy Bank) and 1 Substantial Non-Compliance (Evergreen Bank Group-Illinois). Important CRA Public Evaluation reading. [3/5]
- Hot off the Press: OCC Releases 2nd Quarter CRA Exam List
120 National Banks are scheduled for CRA examinations. [3/5]
- FDIC Releases 2nd Quarter CRA Examination Schedule
Time to get those CRA Strategic Assessments and Performance Context Reports prepared and ready to go for the 319 FIs listed. [2/28]
- OCC Publishes CRA Results for Two Months on One Day
The OCC released October and November CRA performance evaluations with a total of 84 ratings: 14 Outstanding, 69 Satisfactory and 1 Needs Improvement (Nationwide Bank with PE Date of 12/17/2012). [2/28]
- OCC Issues CRA Ratings for January
It's good to be an OCC bank it seems. Of the 26 ratings, four rated outstanding, 22 satisfactory, and 0 rated as needs to improve or as having substantial noncompliance. [2/13]
- FDIC Releases CRA Results for January
Overall, January was a good month for FDIC Banks as it relates to CRA with 98 out of 99 receiving Satisfactory (94) or Outstanding Ratings (4). The Bank of Hamilton in North Dakota received Needs Improvement for low LTD performance. [2/5]
- NCUA Promotes Webinar on Serving Low-Income Members
The webinar, scheduled for 1/15/2014, covers topics that might be of interest to all financial institutions, including banks (CRA elements). Focus to be on second-chance loans and checking accounts, alternatives to payday loans, and value-added partnerships with municipalities and community service organizations. [1/14]
- FDIC Releases January CRA Examination Results
3 Needs Improvement, 5 Outstanding and 94 Satisfactory Ratings with Kansas Region leading the number of examinations at 33. [1/6]
- Get Your Threshold Adjustments Here!!
Agencies announce thresholds for various regulations: (1) CRA: Intermediate Small Bank: $1.202 billion for prior two calendar year-ends; (2) FCRA: Maximum charge of $11.50 remains for 2014; (3) TILA: higher-priced mortgage escrow requirement exemption increased to $2.028 billion for banks as of 12/31/2013; and (4) HMDA reporting asset size exemption of $43 million as of 12/31/2013. [12/30]
