CRA

CBA is an acknowledged industry leader in the areas of Community Reinvestment, affordable lending, and community and economic development. As an association, through the Community Reinvestment Committee, CBA has significant influence in the development of revisions to CRA and amendments to the CRA Q&A, which interprets the regulations. One of CBA’s priorities is to encourage the agencies to maintain CRA as a sustainable business of banking, reflecting the reality of community development.
  • March 21, 2017
    On Tuesday, March 21, 2017, the FDIC, OCC, and Federal Reserve published a Joint Report to Congress Economic Growth and Regulatory Paperwork Reduction Act indicating the issues yielding the most comments were capital, appraisals, frequency of safety and soundness exams, the Community Reinvestment Act (CRA), and the Bank Secrecy Act (BSA). Regarding exam frequency, the agencies indicated “support...
  • March 15, 2017
    Even the more sophisticated data-driven financial services marketers are struggling to figure out how to effectively and efficiently integrate personalization into multichannel customer and prospect marketing strategies. This iteration of the Epsilon 5 & 5 is intended to trigger some contrarian thoughts and challenge your marketing status quo. In this issue, we’ll talk about personalization,...
  • December 20, 2016
    Kiran Analytics conducted its 2 nd annual survey of executives from 50 retail banks to gain insights about branch transformation. Key findings indicate that workforce optimization is among the top priorities. Talent acquisition/retention and aligning selling capacity to market opportunity are key challenges. Read the survey findings report and learn what they are doing to meet those challenges...
  • December 1, 2016
    On Thursday, December 1, 2016, Comptroller of the Currency Thomas Curry discussed efforts to enhance compliance supervision and the Community Reinvestment Act (CRA). Speaking to a gathering of the National Association of Affordable Housing Lenders, he also noted CRA performance and compliance are critical aspects of the business of banking.
  • November 17, 2016
    Technology-driven investments require time, resources and budget dollars. Many risks exist that should be carefully weighed throughout the entire implementation process. This article provides key considerations and best practices to employ when selecting and implementing new core loan servicing and risk management systems. www.bridgeforce.com
  • August 11, 2016
    On Thursday, August, 11, 2016, the Federal Deposit Insurance Corporation (FDIC) announced it was retroactively downgrading BancorpSouth’s Community Reinvestment Act (CRA) rating from “satisfactory” to “needs to improve,” due to the bank’s entry into a Consent Order on June 29, 2016 with the United States Department of Justice and the CFPB to settle and resolve alleged violations of the Equal...
  • June 15, 2016
    June 15, 2016 Submitted Electronically: MFSdemonstration@fdic.gov Keith Ernst Associate Director of Consumer Research & Examination Analytics Division of Depositor and Consumer Protection Federal Deposit Insurance Corporation 550 17 th St., NW Washington, DC 20429-9990 RE: FDIC, Financial Institution Letter FIL-32-2016: Request for Comments on Mobile Financial Services Strategies and...
  • June 15, 2016
    On Wednesday, June 15, 2016, CBA submitted a comment letter in response to the FDIC’s “Request for Comment on Mobile Financial Services (MFS) Strategies and Participation in Economic Inclusion Demonstrations.” In the letter, CBA addressed each of the six strategies the FDIC identified in their original request about potential ways to employ MFS to better meet consumer needs. Also, CBA recommended...

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