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.
  • April 9, 2019
    CBA Comments on House Community Reinvestment Act Hearing “We believe the purpose of any reforms to CRA should be to enhance its effectiveness, and ensure its continued value to all communities banks serve, including low- and moderate-income areas” WASHINGTON, D.C. – The Consumer Bankers Association today wrote House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Ranking...
  • April 9, 2019
    The Honorable Maxine Waters Chairwoman Committee on Financial Services 2129 Rayburn House Office Building Washington, D.C. 20515 The Honorable Patrick McHenry Ranking Member Committee on Financial Services 2004 Rayburn House Office Building Washington, D.C. 20515 Dear Chairwoman Waters and Ranking Member McHenry: The Consumer Bankers Association (CBA) appreciates the committee’s review of the...
  • January 11, 2019
    Cajun Thoughts: In my estimation, today is Day 1 of the partial government shutdown as this is the day about 800,000 workers will not receive their paycheck. This shutdown has a much different feel compared to the one in 2013, and even the one in 1995. Both good and bad. First, it is a partial, not complete, shutdown. Obviously, this is still very important, especially to those directly affected...
  • November 28, 2018
    The U.S. market has developed into a world of credit haves and have nots. The “haves” are those who are deemed creditworthy and have credit. The “have nots” are those who do not qualify for credit because their credit history is limited or nonexistent. Nearly 20 percent of U.S. consumers are credit invisible. What can be done to render the unbanked and underbanked visible? Imagine a tool to scour...
  • November 19, 2018
    CBA Launches Community Reinvestment Act Resource Microsite Site contains CRA-101 primer, CBA priorities, testimonials WASHINGTON – The Consumer Bankers Association today launched a Community Reinvestment Act resource microsite. The site includes CRA-focused comment letters, videos, op-eds, statements, relevant articles and a list of CBA’s Community Reinvestment Act member banks. CBA’s comment...
  • November 19, 2018
    November 19, 2018 Legislative and Regulatory Activities Division Office of the Comptroller of the Currency 400 7th Street, SW, Suite 3E-218 Washington, DC 20219 Via Email: Regs.comments@occ.treas.gov Re: Docket ID OCC-2018-0008: Reforming the Community Reinvestment Act Regulatory Framework To Whom It May Concern: The Consumer Bankers Association (CBA) is pleased to submit these comments to the...
  • November 19, 2018
    CBA Submits Comment Letter to OCC on CRA Offers goals of modernization efforts: Clarity, Transformation, Flexibility & Optionality WASHINGTON – Consumer Bankers Association today submitted comments in response to the Office of the Comptroller of Currency’s advance notice of proposed rulemaking on ways to modernize the Community Reinvestment Act. CBA’s comment letter was drafted in conjunction...
  • November 16, 2018
    Cajun Thoughts: Thanksgiving is one of my favorite times of the year. In addition to being thankful for my family and 5 friends, I am thankful to be with the CBA Family … 69 great corporate members , 110 associate members , 466 committee members , and 27 ( 4 more on the way ) CBA Team members . Most importantly, don’t forget the Dallas Cowboys play at 4:00 PM on Thanksgiving Day . Short of any...
  • November 9, 2018
    Cajun Thoughts: I absolutely love and respect America’s democratic process. The fact any citizen, regardless of background, has the right to elect our leaders gives me chills each and every time. I am especially fortunate to be surrounded by a diverse CBA Team of different political ideologies and willing to share their views with me in an open and candid dialogue (as long as they are pro-banking...
  • November 8, 2018
    Congress enacted the Community Reinvestment Act in 1977 to ensure banks continued serving the financial needs of their communities. Through CRA and other projects, banks are now investing more than a $100 billion each year into low- and moderate-income neighborhoods. Banks believe in their CRA projects and are proud of the work they do. In fact, about 95% of banks currently pass their CRA...

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