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.
  • June 21, 2017
    On Wednesday, June 21, 2017, the Board of Governors of the FED, FDIC, and OCC announced the availability of the 2017 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive CRA consideration under the community development definition. Distressed nonmetropolitan middle-income geographies and underserved...
  • June 8, 2017
    On Thursday, June 8, 2017, the Senate Banking Committee held a hearing entitled: “Fostering Economic Growth: The Role of Financial Institutions in Local Communities.” The hearing was the first of several examining proposals the Committee received to help foster economic growth. In his opening statement, Committee Chairman Mike Crapo (R-ID) noted how community banking has become increasingly...
  • May 31, 2017
    On Wednesday, May 31, 2017, the OCC announced it will extend the notification timeframe for upcoming CRA evaluations. Beginning with the third quarter notification for 2017, the OCC will post the list of financial institutions in which CRA evaluations are coming due over the next two quarters. This change will allow more time for interested parties to review and provide meaningful comments on a...
  • 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...
  • 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.
  • 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
    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...
  • 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...
  • May 31, 2016
    May 31, 2016 Submitted Electronically: innovation@occ.treas.gov The Honorable Thomas J. Curry Comptroller of the Currency Office of the Comptroller of the Currency 4007 th Street, NW Washington, D.C., 20219 Re: Supporting Reasonable Innovation in the Federal Banking System Dear Comptroller Curry, The Consumer Bankers Association (CBA) [1] appreciates the opportunity to provide our comments in...
  • May 27, 2016
    On Friday, May 27, 2016, the FDIC released its schedule of Community Reinvestment Act (CRA) examinations to occur during the third quarter of 2016. On Wednesday, June 1, 2016, the OCC also released its third quarter schedule of CRA evaluations. Currently, the FDIC is set to examine 213 banks and the OCC will evaluate 82 banks over the three month period.

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