Tag: Community Reinvestment Act (CRA)
On January 29, Comptroller of the Currency Joseph Otting appeared before the House Financial Services Committee for a contentious hearing entitled “The Community Reinvestment Act:…
On January 23, American Banker published an article entitled “Far from cheering CRA reform, CDFIs are worried,” which highlights how community development financial institutions…
Last month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed sweeping reforms to the CRA regulations that could significantly…
Yesterday, Federal Reserve Board Governor Lael Brainard gave a speech at the Urban Institute outlining a vision for reforming the Community Reinvestment Act (CRA)…
Woodforest National Bank® (Woodforest) recently received a 2019 Community Impact Award for its Woodforest Foundry℠ program from Wolters Kluwer’s Compliance Solutions business at its annual CRA & Fair Lending…
On August 19, OFN’s President and CEO Lisa Mensah and Vice President of Public Policy Dafina Williams participated in a community development tour in Washington, D.C., hosted by the Office…
American Banker recently published an op-ed authored by CDFI leaders Bill Bynum (Hope Enterprise Corporation), Chrystel Cornelius (First Nations Oweesta Corporation), and…
Community Reinvestment Act (CRA) regulations haven’t been updated since 1995. At the time, stakeholders agreed to revisit regulations again in 2000. It…