Brian P. Brooks has announced he will step down on January 14, 2021.
Read More »Community Development Found to be Largest Value of CRA
Maxine Waters, Chairwoman of the House Committee on Financial Services, said previously the rule would give funding to institutions that were active in Opportunity Zones without ensuring they benefited the communities.
Read More »OCC Debuts Program to Expand Financial Inclusion
Project REACh is designed to increase access to credit and capital for underserved communities. Click through to read more.
Read More »Calm Before the Storm: Q1 Delinquency Less than 4%
The Office of the Comptroller of the current also reported that the total amount of outstanding principal has been falling since 2018. Click through to read more.
Read More »How Lockdowns are Hurting the Banking System
Acting Comptroller of the Currency Brian P. Brooks has expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system.
Read More »Comptroller Joseph Otting to Step Down
One of Otting's final moves as Comptroller was to release a final rule under the Community Reinvestment Act.
Read More »OCC Finalizes Community Reinvestment Act Rule Changes
The final rule will increase bank CRA-related lending, investment, and services in low- and moderate-income communities. However, here's why some groups called the change a "dangerous distraction."
Read More »OCC Discusses Meeting Servicer Needs
In the Comptroller of the Currency's testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, he outlined how the OCC was providing banks greater flexibility to meet the needs of the households and businesses that depend on them.
Read More »OCC Addresses Liquidity and Forbearance Issues
Click through to find out what the Office of the Comptroller of the Currency's plan for servicers and lenders is beyond the coronavirus pandemic.
Read More »House Financial Services Committee Chair Calls for CRA Changes
In a letter to the OCC and the FDIC, Congresswoman Maxine Waters suggests suspending efforts to revise the Community Reinvestment Act and any "unrelated rulemakings."
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