Recent News
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations for the fourth quarter of 2019 and the first quarter of 2020. The OCC encourages public comment on the national banks and federal savings associations that are scheduled for evaluation, with comments submitted to the institutions themselves.
The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act (CRA) performance evaluations for July. Of 42 evaluations made public, 33 were satisfactory, seven were outstanding and two were need to improve. The list includes national banks, federal savings associations and insured federal branches of foreign banks.
The U.S. Senate voted 67-28 Thursday to pass a two-year, $2.7 trillion discretionary budget agreement, sending the legislation to President Donald Trump, who is expected to sign it. The budget deal, which was passed last week by the House of Representatives, would suspend the federal debt ceiling until July 31, 2021, and contains no provisions to extend expired or expiring tax provisions.
The Office of the Comptroller of the Currency this week issued a bulletin including guidelines for requesting a designation as a wholesale or limited-purpose bank for Community Reinvestment Act (CRA) purposes. OCC Bulletin 2019-40 applies to national banks, federal savings associations and federal branches of banking organizations subject to the CRA.
The Office of the Comptroller of the Currency Tuesday released a list of Community Reinvestment Act performance evaluations from June. Of the 23 evaluations made public, 18 were satisfactory and five were outstanding. The list includes national banks, federal savings associations and insured federal branches of foreign banks.
