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 7, 2015
    Another Constitutionality Challenge Filed Against the CFPB PHH Corporation on Friday, June 26, 2015 filed a Motion for Stay Pending Judicial Review with the D.C. Circuit Court of Appeals (Court) seeking to stay a final action of the CFPB scheduled to take effect on Wednesday, August 5, 2015. On Monday, August 3, 2015, the Court granted PHH's motion, finding the company had "satisfied the...
  • July 10, 2015
    CFPB Cites Problems with Student Loan Servicing for Members of the Military On Tuesday, July 7, 2015, the CFPB released a report entitled: "Overseas & Underserved: Student Loan Servicing and the Cost to Our Men and Women in Uniform." The report, by the Bureau's Assistant Director of Office of Servicemember Affairs Holli Petraeus, and Seth Frotman, the Acting CFPB Student Loan Ombudsman,...
  • May 13, 2015
    May 13, 2015 Department of the Treasury, Office of the Comptroller of the Currency; 12 CFR Chapter I; Docket ID FFIEC–2014–0001 Federal Reserve System; 12 CFR Chapter II; Docket No. R–1510 Federal Deposit Insurance Corporation; 12 CFR Chapter III Re: Regulatory Publication and Review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996; Notice of regulatory review; request for...
  • April 14, 2015
    Citizens Helping Citizens Manage Money Program Focuses on Helping Low-Income Families in West Philadelphia Today, the Consumer Bankers Association (CBA) announced Citizens Bank (NYSE: CFG) as the winner of the fifth annual Joe Belew Award, which honors community programs at CBA's member banks. In keeping with the theme of this year’s CBA LIVE, “The Consumer Agenda,” CBA presented the award to its...
  • March 13, 2015
    CFPB Holds Field Hearing on Arbitration On Tuesday, March 10, 2015, the CFPB held a public field hearing in Newark, N.J., to discuss the use of arbitration agreements in consumer financial products and services; Dong Hong, CBA's Vice President and Regulatory Counsel, served as a panelist at the hearing. In conjunction with the field hearing, the CFPB issued its report on mandatory pre-dispute...
  • March 6, 2015
    T-Minus 2 Weeks Until CBA LIVE Remember, in just two short weeks we will be in sunny Florida for CBA LIVE. Join in the Twitter conversation at #CBALIVE now. Do not forget, our dress code is business casual, which means no ties. Also, now is a good time to familiarize yourself with the schedule , especially our forums , the can't-miss rapid fire general sessions , and the sold-out exhibit hall ...
  • February 13, 2015
    Senate Banking Committee Takes Up Regulatory Relief This week, under the leadership of Chairman Richard Shelby (R-AL), the Senate Banking Committee took its first look at the unintended consequences of the Dodd-Frank Act, focusing this time on its impact at smaller institutions such as community banks and credit unions. During the pair of hearings, it quickly became clear the search for common...
  • February 6, 2015
    Wennes Rolls Out CBA's 2015 Legislative and Regulatory Agenda CBA's Board of Directors Chairman Tim Wennes unveiled our 2015 legislative and regulatory priorities to the media on February 4, 2015 at CBA's world headquarters. Tim covered the state of the retail banking industry, the depth and impact of our member banks on the economy, and the health of small business lending. I discussed our push...
  • January 23, 2015
    Supreme Court Will Not Review Debit Interchange Case This week the long debate over debit interchange fees came to a conclusion as far as the court system is concerned. The U.S. Supreme Court decided not to disturb a previous court of appeals decision in NACS v. Board of Governors of the Federal Reserve System . The court of appeals had rejected the retailers' efforts to increase further the $6...
  • January 23, 2015
    CFPB, Maryland Take Action on Alleged Mortgage Kickbacks On Thursday, January 22, 2015, the CFPB and the Maryland Attorney General announced a joint action against Wells Fargo and JPMorgan Chase for an alleged illegal marketing-services-kickback scheme involving Genuine Title, a now-defunct title company. The agencies allege that Genuine Title gave the banks' loan officers cash, marketing...

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