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 31, 2018
    D.C. DOWNLOAD OCC’s CRA ANPR Proposal : Comptroller of the Currency Joseph Otting is a CEO at heart and he showed it this week when the OCC issued its ANPR on the Community Reinvestment Act. The OCC issued the ANPR unilaterally, but we expect the FDIC and possibly the Fed to join in on the reform efforts before all is said and done. CBA’s Community Reinvestment Committee of almost 50 member banks...
  • August 28, 2018
    The Office of the Comptroller of the Currency kicked off a process Tuesday that could lead to an overhaul of regulations around bank lending in underserved areas. Consumer Bankers Association President Richard Hunt, whose organization has recommended CRA changes similar to Treasury’s, said Tuesday that Otting is to be “commended for his dedication to updating this important law. Banks have a...
  • August 28, 2018
    On August 28, The Office of the Comptroller of the Currency issued more than 30 questions Tuesday asking the public how it can revamp a 40-year-old law that grades banks on their lending to low-and-moderate income communities. “Banks have a continuing responsibility to meet the credit needs of their communities, but in recent years banking has seen major changes,” said Richard Hunt, president and...
  • August 28, 2018
    A national banking regulator took the first step Tuesday toward rewriting rules for lending in lower-income neighborhoods, an effort that could allow institutions to redirect billions of dollars spent on loans and investments. In a release seeking feedback from the public, the Office of the Comptroller of the Currency proposed new approaches to evaluating banks on their reinvestment activities. “...
  • August 28, 2018
    CBA on OCC’s Community Reinvestment Act ANPR Says ANPR is positive first step in modernizing CRA, ensuring community investment dollars put to work where most needed WASHINGTON – The Consumer Bankers Association today said the advanced notice of proposed rulemaking issued by the Office of the Comptroller of the Currency was a positive first step in modernizing the Community Reinvestment Act and...
  • August 17, 2018
    * This week's guest author is Nick Simpson, CBA's Vice President of Public Affairs D.C. DOWNLOAD & REGULATORY UPDATE Congressional Scheduling Update: August Recess is a time-honored tradition in D.C. as well as a great incentive for Congress to act on must-pass legislation – after all, in Washington the smell of jet fumes is a powerful tool for compromise. The House of Representatives is...
  • June 15, 2018
    On Friday, June 15, 2018, the OCC issued a bulletin informing national banks, federal savings associations, and federal branches and agencies (collectively, banks) about clarifications to OCC supervisory policies and processes regarding how examiners evaluate and communicate bank performance under the CRA. The OCC has clarified and simplified these policies and processes to promote the...
  • June 15, 2018
    CBA's JUNE BOARD OF DIRECTORS MEETING CBA Board Meets With Regulators – Nearly the entire CBA Board of Directors met this week at our World Headquarters in Washington, D.C., and our agenda the past couple days has been nothing short of a whirlwind. We kicked off the visit weaving in-and-out of Washington Capitals fans on the D.C. Metro as we headed to meetings with OCC Comptroller Joseph Otting,...
  • June 8, 2018
    TESTIFYING ON CAPITOL HILL MY TESTIMONY BEFORE THE HOUSE FINANCIAL SERVICES COMMITTEE SUBCOMMITTEE – I WAS ON CAPITOL HILL ON WEDNESDAY TO TESTIFY BEFORE THE HOUSE FINANCIAL INSTITUTIONS SUBCOMMITTEE ON WAYS TO DEPOLITICIZE AND BRING TRANSPARENCY TO THE BUREAU OF CONSUMER FINANCIAL PROTECTION. AS I MENTIONED BEFORE THE COMMITTEE, CBA AND OUR MEMBERS SUPPORT THE MISSION OF THE BUREAU. THERE ARE...
  • June 1, 2018
    My Visit to Huntington Bank – I always enjoy visiting with CBA members and this week I had the pleasure to meet with the folks at Huntington Bank. First and foremost, they are a great group of bankers who work tirelessly on behalf of their customers. We had a lively discussion on the regulatory environment, small-dollar rulemaking, M&A activity and bank innovation. I was glad CBA Board Member...

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