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.
  • May 20, 2020
    CBA on OCC’s Community Reinvestment Rule Rule adds transparency and objectivity; Banks need maximum time for implementation WASHINGTON – The Consumer Bankers Association today released the following statement after the Office of the Comptroller of the Currency issued a final rule on modernizing the Community Reinvestment Act: “The OCC and Comptroller Otting should be commended for attempting to...
  • April 9, 2020
    CBA Comment Letter on OCC-FDIC Community Reinvestment Act NPR Applauds efforts to increase consistency and transparency, proposes alternative approach in some areas WASHINGTON – The Consumer Bankers Association yesterday submitted comments to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation on the agencies’ joint Community Reinvestment Act notice of proposed...
  • April 9, 2020
    EVERFI’s National Financial Bee is a nationwide financial literacy initiative for 7th-10th grade students that will run from April 20-24. Sponsored by financial institutions for the students in their communities, the Bee is made up of a 5-part course and an essay contest, where students compete to win up to $10,000 in scholarship prizes. This initiative enables financial institutions to connect...
  • April 8, 2020
    To Whom It May Concern: The Consumer Bankers Association (CBA) [1] is pleased to submit these comments to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) (together, the “Issuing Agencies”) on behalf of its members in response to the Notice of Proposed Rulemaking (NPR) entitled “Community Reinvestment Act Regulations.” [2] Buckley LLP [3] helped...
  • 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
    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 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 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.

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