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.
- August 5, 2022The Consumer Bankers Association, in a comprehensive comment letter submitted today to the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) outlined recommendations to strengthen the Community Reinvestment Act (CRA). The letter follows a Notice of Proposed Rulemaking (NPR) issued in May by the agencies seeking to modernize...
- August 4, 2022The Consumer Bankers Association this Friday will submit recommendations for modernizing the Community Reinvestment Act (CRA), a law enacted in 1977 to ensure banks continued serving the financial needs of their communities. The submission follows a Notice of Proposed Rulemaking (NPR) issued in May by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the...
- 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: “...July 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...
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CBA Outlines Recommendations To Strengthen Joint CRA Modernization Proposal