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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 19, 2022 - 2:00PMPastMay 5, 2022Consumer Bankers Association (CBA) President & CEO Richard Hunt today released the following statement after the Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint notice of proposed rulemaking to reform the Community Reinvestment Act (CRA): “This is an important step towards modernizing a law that has not...April 28, 2022In response to mischaracterizations regarding the industry’s position on efforts to expand small business data collection, the Consumer Bankers Association (CBA) submitted a Letter to the Editor in American Banker last Friday, reaffirming banks’ enduring commitment to expand access to credit in underserved communities. As CBA’s General Counsel and Senior Vice President David Pommerehn wrote: “...November 9, 2021 - 2:00PMPastAugust 3, 2021 - 2:00PMPastJuly 20, 2021On Tuesday, July 21, 2021, CBA President and CEO Richard Hunt issued the following statement after the Office of the Comptroller of the Currency (OCC) announced its decision to move forward with a repeal of the June 2020 Community Reinvestment Act (CRA) rule and continue working with the Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on a joint rulemaking process to...May 18, 2021CBA Statement on OCC Decision to Reconsider CRA Rule Hunt: “With a change in OCC leadership, and because of the impending deadlines, delaying the newly finalized rule is critical” WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Office of the Comptroller of the Currency (OCC) announced it will reconsider the June 2020 final...May 5, 2021CBA, Financial Trades Urge OCC to Formally Delay or Withdraw CRA Rule WASHINGTON – Consumer Bankers Association, along with nine other financial services trades, this week wrote Office of the Comptroller of the Currency (OCC) Acting Comptroller Blake Paulson urging the agency to formally withdraw its June 2020 Community Reinvestment Act (CRA) Rule or delay its January 2023 compliance date by at...February 16, 2021To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to submit these comments to the Board of Governors of the Federal Reserve System (Federal Reserve) in response to the Advance Notice of Proposed Rulemaking, “Community Reinvestment Act Regulations” (ANPR). CBA and our members support the goals of the Community Reinvestment Act (CRA) and believe banks have an affirmative...February 4, 2021To Whom It May Concern, The undersigned trade associations appreciate the opportunity to comment on the Office of the Comptroller of the Currency (OCC’s) Notice of Proposed Rulemaking on Community Reinvestment Act Evaluation Benchmarks (NPR). This rulemaking would establish a framework for setting the performance metrics for purposes of the agency’s June 2020 CRA Rule. In conjunction with the NPR...