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.
  • November 10, 2014
    Attn: Robert E. Feldman, Executive Secretary Attention: Comments Federal Deposit Insurance Corporation Robert deV. Frierson, Secretary Board of Governors of the Federal Reserve System (Docket No. OP-1497) Legislative and Regulatory Activities Division Office of the Comptroller of the Currency (Docket ID OCC-2014-0021) Re: Community Reinvestment Act; Interagency Questions and Answers Regarding...
  • November 10, 2014
    Washington, D.C. (November 10, 2014) – The Consumer Bankers Association today submitted comments to the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve Board regarding the proposed revisions to the Community Reinvestment Act Q&A, the vehicle collectively used by the agencies to interpret regulations. Among other points, the comments...
  • October 31, 2014
    Fed OIG Report on CFPB Released The U.S. Federal Reserve's Office of the Inspector General (OIG) released a report this week entitled, "The OIG's List of Major Challenges for the CFPB." The report's findings include: The CFPB still has yet to meet internal goals for the timely issuance of examination reports. The OIG rightly notes delays "...leave supervised institutions uncertain about the CFPB'...
  • October 24, 2014
    The thoughts and prayers of Team CBA are with our Canadian friends during this time of mourning. We stand with them against terrorism and extremism. 2015: The Year of Perfecting the CFPB The upcoming midterm elections and a possible flip of Senate control gives us a fresh opportunity to look at the structure of the CFPB in 2015. I sat down with Marc Hochstein, Editor-in-Chief of American Banker...
  • September 26, 2014
    CBA-AOL Finance Optimism Drops 4 Points from July The CBA-AOL monthly Finance Optimism Index has found Americans' financial optimism decreased to -7.0. This is a month-over-month drop of 4.0 points, bringing the Index to its lowest point in 2014. All four components of the Index, including perception of current and future finances as well as economic and political news, turned slightly more...
  • September 12, 2014
    CFPB Holds Consumer Advisory Board Meeting in Washington, D.C. On Thursday, September 11, 2014, the CFPB's Consumer Advisory Board (CAB) held its third meeting of the year, attended by approximately 20 people, including the public and members of the press. The agenda covered the student loan market, small dollar credit building, harnessing technology to improve access to financial services, and...
  • September 5, 2014
    Possible Home Depot Breach Bigger than Target? The end of the Labor Day holiday came with some unsettling news – a possible massive breach of consumer data at retailer Home Depot. According to KrebsonSecurity, the breach may have impacted data from all 2,200 stores across the U.S. We all recall the breach at Target earlier this year, which resulted in the compromising of 40 million payment card...
  • April 25, 2014
    CFPB Releases Mortgage Closing Report In a report released on Wednesday, April 23, 2014, the CFPB found many consumers feel pressured by lenders to rush through the closing process and sign documents even when they did not fully understand the terms. The Bureau listed three major “pain points” for consumers during the closing process, which included: Not enough time to review : Consumers were...

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