Recent News

Wednesday, February 7, 2018

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during January. Fifteen evaluations were satisfactory and one was outstanding. The list contains only national banks, federal savings associations and insured federal branches of foreign banks.

Thursday, January 25, 2018

Federal banking regulatory agencies announced today that financial institutions located anywhere in the United States may receive favorable Community Reinvestment Act consideration for bank activities that help revitalize and stabilize major disaster areas in the U.S. Virgin Islands and Puerto Rico that were affected by Hurricane Maria.

Thursday, January 4, 2018

The Office of the Comptroller of the Currency (OCC) today released a list of 15 Community Reinvestment Act (CRA) performance evaluations that became public during December. Fourteen evaluations were satisfactory and one was rated as needs to improve. The list contains national banks, federal savings associations and insured federal branches of foreign banks that received ratings.

Friday, December 22, 2017

President Donald Trump today signed the Tax Cuts and Jobs Act (H.R. 1). The legislation, which goes into effect Jan. 1, 2018, preserves the low-income housing tax credit (LIHTC), tax exemption for private activity bonds, the 2018 and 2019 new markets tax credit (NMTC) allocation application rounds, a revised historic tax credit (HTC) and existing phasedowns for the renewable energy investment tax credit (ITC) and production tax credit (PTC).

Thursday, December 21, 2017

New thresholds for the asset size used to define small bank, small savings association, intermediate small bank and intermediate small savings association under Community Reinvestment Act (CRA) regulations were released today. The required annual adjustment defines small bank or small savings association as an institution with assets of less than $1.252 billion as of Dec. 31 in either of the previous two calendar years.

LIHTC Working Group
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NMTC Working Group
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RETC Working Group
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