FDIC: Agencies Propose to Modernize CRA Regulations
The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) today announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act (CRA) that have not been substantively updated for nearly 25 years. The proposed rules are intended to increase bank activity in low- and moderate-income communities…
OCC: FDIC and OCC Propose to Modernize CRA Regulations
The Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) today announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act (CRA) that have not been substantively updated for nearly 25 years. The proposed rules are intended to increase bank activity in low- and moderate-income communities…
OCC: CRA Evaluations for 22 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 November 1, 2019 through November 30, 2019. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…
FDIC: Comments Requested on Approaches to Cost-Benefit Analysis of Regulatory Actions
The Federal Deposit Insurance Corporation (FDIC) is issuing a Request for Information (RFI) seeking comment on approaches it uses, or is considering using, to analyze the effects of its regulatory actions. The RFI is part of FDIC’s ongoing effort to strengthen the quality of its regulatory cost-benefit analyses. FDIC Chairman Jelena McWilliams said, “A transparent analysis of…
FDIC: CRA Examination Schedules for First and Second Quarter 2020 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first and second quarter 2020. 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. The Community…
OCC: First and Second Quarter 2020 CRA Evaluation Schedule Released
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first quarter and second quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA. Public comments should be submitted…
ABA: Otting, McWilliams Discuss Next Steps on CRA Modernization Effort
Comptroller of the Currency Joseph Otting is moving forward with issuing a long-awaited notice of proposed rulemaking that would modernize how the agency evaluates banks’ Community Reinvestment Act performance, he said today. Otting said he expects to issue the NPR by the end of 2019 with a 60-day comment period and hopes to have the…