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 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
    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...
  • 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...
  • 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.
  • March 31, 2016
    Washington, D.C. (March 31, 2016) – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to the OCC’s Thomas J. Curry, Comptroller of the Currency, before the Harvard Kennedy School’s New Directions in Regulation Seminar: “We appreciate the OCC’s engagement on this issue because policies written decades ago do not reflect today’s...
  • March 31, 2016
    On Thursday, March 31, 2016, Comptroller of the Currency Thomas Curry in a speech at Harvard Kennedy School's New Directions in Regulation Seminar released a long anticipated white paper entitled: "Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective." The white paper published the OCC's definition of responsible innovation, which is "[t]he use of new or improved...
  • March 31, 2016
    The Office of the Comptroller of the Currency's white paper on financial technology innovations was relatively light on details, outlining a series of broad principles it plans to use when examining the sector, but it may be heavy on ambition. The 11-page paper signaled the agency's intent to take a higher-profile role in ensuring that regulators are not inappropriately hampering banks' adoption...

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