All News

Tuesday, December 4, 2018

The Office of the Comptroller of the Currency today released a list of 28 Community Reinvestment Act (CRA) performance evaluations that became public in November. Twenty-five were rated satisfactory and three were outstanding. The list contains only national banks, federal savings associations and insured federal branches of foreign banks that have received ratings.

Thursday, November 29, 2018

The Office of the Comptroller of the Currency (OCC) today released the Community Reinvestment Act (CRA) evaluation schedule for the first and second quarters of 2019. The OCC invites public comment on national banks and federal savings associations scheduled for CRA evaluation. The OCC said it would consider all public comments received until the close of the CRA evaluation.

Wednesday, November 7, 2018

Results from Tuesday’s elections–with Democrats taking control of the House of Representatives and Republicans maintaining control of the Senate–and their effect on the affordable housing, community development and renewable energy communities are the subject of a Notes from Novogradac blog post and a

Thursday, November 1, 2018

The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act (CRA) performance evaluations that became public in October. Of the 37 evaluations, 30 were rated satisfactory and seven were outstanding. The list includes only national banks, federal savings associations and insured federal branches of foreign banks.

Thursday, October 25, 2018

The federal banking agency members of the Federal Financial Institutions Examination Council that have Community Reinvestment Act (CRA) responsibilities today announced the availability of a fact sheet and data tables for specific lending 2017 data pursuant to the CRA.

Friday, October 19, 2018

The Treasury Department today released the first tranche of proposed guidance for the opportunity zones (OZ) incentive, addressing gains invested in qualified opportunity funds. Treasury also released a related revenue ruling. Treasury will accept comments for 60 days.

Tuesday, October 2, 2018

The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public in September. Thirty evaluations were made, with 23 rated satisfactory, five rated outstanding, one rated needs to improve and one rated substantial needs to improve. The list contains national banks, federal savings associations and insured federal branches of foreign banks.

Wednesday, September 26, 2018

Sen. Elizabeth Warren, D-Mass., today introduced the American Housing and Economic Mobility Act of 2018, legislation that would invest $445 billion in the Housing Trust Fund, $523 billion in rural housing programs and strengthen provisions in the Community Reinvestment Act to hold more financial intuitions accountable and strengthen sanctions for failure to follow rules.

Thursday, September 6, 2018

The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act performance evaluations that became public in August. Sixteen evaluations were made, with 14 rated satisfactory and two outstanding. The list includes national banks, federal savings associations and insured federal branches of foreign banks.

Wednesday, August 29, 2018

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations for the fourth quarter of 2018 and the first quarter of 2019. The OCC encourages comment on the national banks and federal savings associations scheduled to be evaluated.

Tuesday, August 28, 2018

The Office of the Comptroller of the Currency (OCC) today released an advanced notice of proposed rulemaking on modernizing the Community Reinvestment Act (CRA) to be published in the Federal Register. The OCC seeks stakeholder comments on ways to modernize CRA regulations to better achieve the CRA’s purpose.

Wednesday, August 22, 2018

Three federal banking agencies issued an interim rule today to amend the agencies’ liquidity rules concerning certain eligible municipal securities due to the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018.

Friday, August 3, 2018

The Office of the Comptroller of the Currency today released a list of Community Reinvestment Act (CRA) performance evaluations made in July. Of the 40 evaluations, 10 were outstanding and 30 were satisfactory. The list includes national banks, federal savings associations and insured federal branches of foreign banks.

Tuesday, July 3, 2018

The Office of the Comptroller of the Currency today released a list of 20 Community Reinvestment Act performance evaluations that became public in June. Seventeen evaluations were satisfactory and three were outstanding. The list contains national banks, federal savings associations and insured federal branches of foreign banks.

Friday, June 15, 2018

The Office of the Comptroller of the Currency (OCC) issued a bulletin today including clarifications to supervisory policies and processes in the evaluation of community bank performance under the Community Reinvestment Act (CRA). The bulletin informs national banks, federal savings associations and federal branches and agencies about how the OCC has clarified and simplified policies. I

Thursday, June 14, 2018

The Comptroller of the Currency told the House Financial Services Committee Wednesday that his agency will modernize its regulatory approach to the Community Reinvestment Act (CRA) and reduce “unnecessary regulatory burden” on national banks and federal savings associations. Joseph M.

Wednesday, June 6, 2018

The Office of the Comptroller of the Currency (OCC) today published its schedule of Community Reinvestment Act (CRA) evaluations that will be conducted in the third and fourth quarters of 2018. Public comments on the institutions scheduled for evaluation can be submitted to the institutions themselves. The OCC said it would consider all comments received before the close of the CRA evaluation.

Friday, June 1, 2018

The Office of the Comptroller of the Currency today released a list of 32 Community Reinvestment Act (CRA) performance evaluations that became public during May. Of the 32, four are outstanding and 28 are satisfactory. The list contains only national banks, federal savings associations and insured federal branches of foreign banks.

Tuesday, May 29, 2018

Fifteen Democratic senators last week sent a letter to leaders of the three federal banking agencies, urging them to amend the Community Reinvestment Act (CRA) in a way that increases opportunity to members of minority groups.

Wednesday, May 2, 2018

The Office of the Comptroller of the Currency today released its list of Community Reinvestment Act (CRA) performance evaluations from April. There were 22 evaluations, with 20 rated as satisfactory, one rated outstanding and one rated as needs to improve. The list includes only national banks, federal savings associations and insured federal branches of foreign banks.