Federal Bank Regulators Release Long-Awaited CRA Modernization Proposal
On May 5, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) released their…
Blog
Tag: Federal Deposit Insurance Corporation (FDIC)
OFN’s Lisa Mensah Amplifies CDFI Message at 2022 National Interagency Community Reinvestment Conference
What were you doing at the start of the pandemic and what role did your organization play throughout the pandemic? This question…
FDIC Creates New Office of Minority and Community Development Banking to Support Mission-Driven Banks
On November 2, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams announced the creation of a new office to support the agency’s…
OCC Halts Widely Criticized 2020 Community Reinvestment Act Rule
After nearly three years of ongoing advocacy, the CDFI industry received a major policy win when the Office of the Comptroller of…
OFN Weighs in on Federal Reserve CRA Reform Proposal
Federal bank regulators continue efforts to update the Community Reinvestment Act (CRA) regulations. On February 16, OFN submitted comments to the Federal…
Federal Reserve Releases Community Reinvestment Act Reform Proposal
On September 21, the Federal Reserve Board of Governors voted unanimously to release their proposal to reform the Community Reinvestment Act (CRA) regulations. While…
$10 Million Netflix Investment in HOPE Credit Union Sets Example for Private Sector
Hope Enterprise Corporation/Hope Credit Union (HOPE), a community development financial institution (CDFI) based in Jackson, Mississippi, will use a $10 million investment from Netflix to import capital…
OCC Releases Final Community Reinvestment Act Rule
On May 20, the Office of Comptroller of the Currency (OCC) released its final Community Reinvestment Act (CRA) rule just six weeks after the…