CRA

OCC: Agency Seeks Comments on Modernizing Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency today released an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on the best ways to modernize the regulatory framework implementing the Community Reinvestment Act (CRA). “As a long-time banker, I have seen firsthand the benefit of CRA investment and how it makes communities vibrant. I applaud…

OCC: Advance Notice of Proposed Rulemaking Regarding Community Reinvestment Act

OCC BULLETIN 2018-24 Description: Advance Notice of Proposed Rulemaking Summary The Office of the Comptroller of the Currency (OCC) has published an advance notice of proposed rulemaking (ANPR) on its website inviting public comment on ways to transform or modernize the regulations that implement the Community Reinvestment Act (CRA). The ANPR solicits ideas on how to…

OCC: Agency Seeks Members for Its Minority Depository Institutions Advisory Council

The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of officers or directors of OCC-regulated minority depository institutions, or officers or directors…

OCC: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on CRA Ratings

Description: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to make public the revised Policies and Procedures Manual (PPM) 5000-43, which clarifies the OCC’s policy for applying the regulatory framework to determine…

CDFI Fund: FY 2018 Round BEA Program Electronic Application Now Available

The electronic application for the fiscal year (FY) 2018 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund’s) Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Organizations should confirm that their accounts…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in May 2018. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

OCC: CRA Evaluations for 40 National Banks and Federal Savings Associations Released

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of July 1, 2018 through July 31, 2018. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

OCC: New Bulletin Discusses Annual Host State Loan-to-Deposit Ratios

Summary The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued on June 15, 2018, the host state loan-to-deposit (LTD) ratios. The OCC is issuing this bulletin to inform national banks about how these ratios are used…