No “needs improvement” or “substantial noncompliance” ratings for Community Reinvestment Act (CRA) compliance were assigned to any of the 91 banks given ratings this August by the Federal Deposit Insurance Corp. (FDIC), the agency said […]
The nation’s chief regulator of national banks and federal savings associations continued to remind of his agency’s focus on potential updates to Community Reinvestment Act (CRA) rules during an address Friday before a conference in […]
Five banks earned “outstanding” ratings for their compliance with anti-redlining laws and rules – and one bank earned a “needs improvement” score – out of 77 ratings for fulfillment of the requirements issued in July, […]
Thirteen banks or thrifts were recently awarded “outstanding” ratings for compliance with anti-redlining laws and rules, according to performance evaluations made public last month, the federal regulator of national banks said Wednesday. The number of […]
Examiner instructions on evaluating banks for compliance with anti-redlining rules will now include guidance urging the banks to consider partnering with minority depository institutions (MDI) and low-income credit unions for credits toward compliance , the […]
Bank regulators should understand how consolidation of community banks has been driven by unnecessary, ineffective, or excessive regulatory burden, a governor of the Federal Reserve Board said Tuesday. In remarks to the 2019 Community Banking […]
The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously […]
After praising anti-redlining laws and rules as vital tools for increasing capital flow to underserved communities, the federal regulator of national banks said modernizing the law and rules would allow “billions more” dollars that could […]
Encouraging more lending, investment and banking services “in areas that need it most” were the stated objectives of the Comptroller of the Currency’s fifth stop in his so-called “summer tour” to discuss modernizing anti-redlining laws, […]
Seven banks earned ratings of “outstanding” for their compliance with Community Reinvestment Act (CRA) requirements, and another 19 received ratings of “satisfactory,” according to performance evaluations by the federal regulator of national banks that were […]
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