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Wednesday, March 3, 2021

The Office of the Comptroller of the Currency (OCC) released a list of 13 Community Reinvestment Act (CRA) performance evaluations that became public in February. The list contains national banks, federal savings associations and insured federal branches of foreign banks.

Monday, March 1, 2021

The Office of the Comptroller of the Currency (OCC) last week released its schedule of Community Reinvestment Act (CRA) evaluations for the second and third quarter of 2021. The OCC encourages public comment on the national banks and federal savings associations evaluated under the CRA. Public comments should be submitted to the financial institutions at the mailing addresses on the schedule or to the appropriate OCC office before the month for which the evaluation is scheduled.

Wednesday, February 3, 2021

The Office of the Comptroller of the Currency (OCC) Tuesday released Community Reinvestment Act (CRA) performance evaluations that became public in January. The 21 evaluations of national banks, federal savings associations and insured federal branches of foreign banks included 15 satisfactory ratings and six outstanding ratings.

Friday, January 29, 2021

The Office of the Comptroller of the Currency (OCC) today released a bulletin that includes criteria to determine a bank’s size based on its asset size or business model for 2021, a list of distressed and underserved areas where certain bank activities for 2021 are eligible for Community Reinvestment Act (CRA) consideration and the banking industry median hourly compensation value used for determining the dollar value of community development service activities this year. OCC Bulletin 2021-5 publishes the lists and hourly compensation value pursuant to the CRA rule published in June 2020.

Friday, January 8, 2021

The Office of the Comptroller of the Currency (OCC) Thursday released a list of 23 Community Reinvestment Act (CRA) performance evaluations made public in December 2020. Sixteen evaluations were rated satisfactory and seven were outstanding. The list includes national banks, federal savings associations and insured federal branches of foreign banks.

Monday, December 7, 2020

The Office of the Comptroller (OCC) last week released a list of Community Reinvestment Act (CRA) performance evaluations that became public in November.

Friday, December 4, 2020

The Office of the Comptroller of the Currency (OCC) today published a notice of proposed rulemaking requesting comment on its approach to determine Community Reinvestment Act (CRA) measurement thresholds.

Tuesday, November 3, 2020

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations made public in October. Of the 22 evaluations made public, 16 are satisfactory and six are outstanding. The list contains national banks, federal savings associations and insured branches of foreign banks.

Monday, October 19, 2020

The Federal Reserve Board today published in the Federal Register an advance notice of proposed rulemaking (ANPR) for modernizing Community Reinvestment Act (CRA) regulations. The Fed seeks public comment on methods to evaluate how banks meet the needs of low- and moderate-income communities.

Monday, October 5, 2020

The Office of the Comptroller of the Currency last week released a list of 12 Community Reinvestment Act (CRA) performance evaluations from September. Ten were rated satisfactory, one was outstanding and one was rated as needs to improve. The evaluations are of national banks, federal savings associations and insured federal branches of foreign banks.

Tuesday, September 22, 2020

A Novogradac special report released today examines the implications of a Democratic sweep of the House of Representatives, Senate and White House in November’s election.

Monday, September 21, 2020

The Federal Reserve Board today unanimously approved an advance notice of proposed rulemaking (ANPR) and published a press release on an approach to modernize Community Reinvestment Act (CRA) regulations.

Friday, September 4, 2020

The Office of the Comptroller of the Currency (OCC) this week released 20 Community Reinvestment Act (CRA) performance evaluations for August.

Wednesday, August 26, 2020

The Office of the Comptroller of the Currency (OCC) today published a community developments fact sheet explaining the opportunity zones (OZ) incentive to national banks and federal savings associations, including how OZ activities may be used to support a bank’s community and economic development strategies.

Friday, August 7, 2020

Nine national banks, federal savings associations and insured federal branches of foreign banks received outstanding Community Reinvestment Act (CRA) performance evaluations in July from the Office of the Comptroller of the Currency, the OCC announced today. The other 21 evaluations made in July were satisfactory.

Monday, July 6, 2020

The Office of the Comptroller of the Currency released a list of 21 Community Reinvestment Act (CRA) performance evaluations made in June, with 11 rated satisfactory, nine outstanding and one as needs to improve. The list includes national banks, federal savings associations and insured federal branches of foreign banks.

 

Wednesday, June 3, 2020

The Office of the Comptroller of the Currency released Tuesday a list of Community Reinvestment Act (CRA) performance evaluations made in May. Of the 17 CRA evaluations made public, 14 were satisfactory and three were outstanding. The list includes national banks, federal savings associations and insured federal branches of foreign banks.

Wednesday, May 20, 2020

The Office of the Comptroller of the Currency (OCC) today published a final rule amending Community Reinvestment Act (CRA) regulations, six weeks after the comment period closed on the proposed rule, which received more than 7,500 comments.

Tuesday, May 12, 2020

House Democrats today unveiled a $3 trillion COVID-19 relief bill, their proposal for “Phase 4” of pandemic relief legislation. The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would provide nearly $1 trillion to state and local governments to avert layoffs and $200 billion in hazard pay for essential workers.

Monday, May 4, 2020

The Internal Revenue Service issued a notice that clarifies that taxpayers are not allowed a deduction for an expense if payment of the expense results in forgiveness of a Paycheck Protection Program (PPP) loan, and the income associated with the forgiveness is excluded from gross income.