Challenges facing low- to moderate-income (LMI) and minority renters and would-be homeowners underscore the importance of getting modernization of anti-redlining laws right, the point person for the Federal Reserve’s efforts on the issue said Tuesday. […]
The advance notice of proposed rulemaking intended to modernize the Federal Reserve’s Community Reinvestment Act (CRA) rules will also make provisions focused on minority depository institutions (MDIs) more prominent and clear, the Fed’s vice chair […]
A proposed revision of anti-redlining rules is scheduled to be unveiled for public comment Monday in the Federal Register, with a 120-day comment period assigned, ending on Feb. 16, 2021. In publishing the 173-page advance […]
The second release of data entry software (DES) for financial institutions reporting their 2020 reporting compliance with anti-redlining rules is ready, the umbrella group for federal regulators said Tuesday. In a release, the Federal Financial […]
Sixty-eight “satisfactory” and six “outstanding” ratings were awarded to banks in July for their performance under rules implementing the anti-redlining Community Reinvestment Act (CRA), according to the October list of banks examined for CRA compliance […]
Three required items intended to support the new rule implementing anti-redlining laws (announced in May) were released Thursday by the regulator national banks. The Office of the Comptroller of the Currency (OCC) said in a […]
Ten “satisfactory” ratings, one “outstanding,” and one “needs to improve” were assigned under Community Reinvestment Act evaluations that the Office of the Comptroller of the Currency (OCC) released to the public in September, the OCC […]
The Fed Board’s point person on the agency’s most recent effort to garner input on how best to improve rules under the anti-redlining Community Reinvestment Act (CRA) on Thursday underscored the importance of consistency among […]
The acting head of the Office of the Comptroller of the Currency (OCC) on Monday welcomed the Federal Reserve’s “joining us” in recognizing the need to “improve upon a system that was not working” through […]
An advance notice of proposed rulemaking for an “approach” to modernization of rules implementing the anti-redlining Community Reinvestment Act (CRA) was released by the Federal Reserve Board during its open meeting Monday by unanimous vote […]
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