Community Reinvestment

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 19, 2020
    CBA on COVID-19 CRA Consideration WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after Federal Reserve Board, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency said the agencies would provide favorable Community Reinvestment Act consideration for certain retail banking services, retail lending and...
  • February 19, 2020
    CBA Statement on CRA NPR Extension WASHINGTON –Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Office of the Comptroller of Currency and Federal Deposit Insurance Corporation announced a one month extension of the comment period for the Community Reinvestment Act notice of proposed rulemaking: “CRA modernization is necessary to provide...
  • January 14, 2020
    CBA Writes House Financial Services Subcommittee on CRA Modernization WASHINGTON – The Consumer Bankers Association (CBA) today wrote House Financial Services Consumer Protection and Financial Institutions Subcommittee Chair Greg Meeks (D-N.Y.) and Ranking Member Blaine Luetkemeyer (R-Mo.) to discuss efforts to modernize the Community Reinvestment Act. “CBA believes banks have an affirmative...
  • January 13, 2020
    The Consumer Bankers Association (CBA) today wrote House Financial Services Consumer Protection and Financial Institutions Subcommittee Chair Greg Meeks (D-N.Y.) and Ranking Member Blaine Luetkemeyer (R-Mo.) to discuss efforts to modernize the Community Reinvestment Act. “CBA believes banks have an affirmative obligation to help meet the credit needs of their communities, including low- and...
  • January 13, 2020
    January 13, 2020 The Honorable Greg Meeks Chairman U.S. House of Representatives Subcommittee on Consumer Protection & Financial Institutions 2129 Rayburn House Office Building Washington, DC 20515 The Honorable Blaine Luetkemeyer Ranking Member U.S. House of Representatives Subcommittee on Consumer Protection & Financial Institutions 2129 Rayburn House Office Building Washington, DC...
  • January 8, 2020
    Richard Hunt, president and CEO of the Consumer Bankers Association, said the Fed should formally release its proposal to receive public comment on it. Many of Ms. Brainard’s points and suggestions were already incorporated into the joint OCC and FDIC plan, he added.
  • January 6, 2020
    “I find it hard to believe we have people who are opposed to more transparency, more consistency,” said Richard Hunt, president of the Consumer Bankers Association, who said his member banks are still studying the proposal but are pleased with its overall direction.
  • December 18, 2019
    Banks and public advocacy groups agree that the Community Reinvestment Act needs to change. But is the latest proposal moving in the right direction?
  • December 12, 2019
    An industry lobbying group, the Consumer Bankers Association, called the overhaul a “generational opportunity,” with President Richard Hunt saying in a statement that the OCC and FDIC deserve credit “for tackling this herculean effort and working with banks, community groups and other stakeholders to get it right instead of simply getting it done.”
  • December 12, 2019
    CBA Statement on Community Reinvestment Act NPR “Modernizing CRA is a generational opportunity and, if done properly, will enable banks to invest more in communities across the country.” *** “The OCC and FDIC should be commended for tackling this herculean effort and working with banks, community groups and other stakeholders.” *** “CBA hopes the Fed will eventually join the other agencies to...

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