FDIC: CRA Examination Schedules for Second Quarter 2022 and Third Quarter 2022 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2022 and third quarter 2022. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
OCC: Second and Third Quarter 2022 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the second and third quarters of 2022. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should…
OCC: New Frequently Asked Questions Regarding the Final Rule to Rescind the OCC’s June 2020 CRA Rule Issued
The Office of the Comptroller of the Currency (OCC) today issued responses to frequently asked questions (FAQ) about the December 2021 final rule1 to rescind the OCC’s Community Reinvestment Act (CRA) rule issued on June 5, 2020 (June 2020 CRA rule).2 The December 2021 CRA final rule, effective January 1, 2022, replaced the June 2020 CRA rule…
OCC: Acting Comptroller Discusses CRA Modernization
Acting Comptroller of the Currency Michael J. Hsu today discussed the history of the Community Reinvestment Act (CRA) with the National Community Reinvestment Coalition. His remarks highlighted how a modernized CRA can help address persistent disparities and gaps in wealth and economic opportunities in minority, rural, and other vulnerable communities. Related Links Remarks (PDF) Acting Comptroller…
FDIC: Acting Chairman Gruenberg Announces FDIC Priorities for 2022 Including CRA Modernization
Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg released this morning the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system. The FDIC carries out this mission through its responsibilities for deposit insurance, banking…
Federal Bank Regulatory Agencies to Host the 2022 National Interagency Community Reinvestment Conference
The three federal bank regulatory agencies and the Federal Reserve Banks of Chicago and San Francisco will host the 2022 National Interagency Community Reinvestment Conference on March 15-17. The biennial conference offers participants from around the country the opportunity to learn about the Community Reinvestment Act (CRA); participate in regulator-led training on CRA examinations; and…
OCC: New Bulletin Addresses Processes for Considering Input from State Banking Commissioners Regarding Performance Under State Community Reinvestment Laws
This bulletin addresses the Office of the Comptroller of the Currency’s (OCC) processes for considering input from state banking commissioners regarding national banks’ performance under state community reinvestment laws, including implementation of community reinvestment-related provisions of the Riegle–Neal Interstate Banking and Branching Efficiency Act (Riegle–Neal Act). (Note that the Riegle–Neal Act does not apply to…