...housing needs of their local communities and facilitate federal financial regulators’ fair lending, consumer compliance, and Community Reinvestment Act examinations. The Snapshot National Loan-Level Dataset contains the national HMDA datasets...
Read More »Search Results for: Community Reinvestment Act
The New Face of the Secondary Marketplace
...meet their obligations under the Community Reinvestment Act and gain CRA credits. To date, approximately $31 million in loans have been purchased by financial institutions through the exchange. Q: How...
Read More »New CFPB Rule Impacts HMDA Reporting
...reported under the small business lending rule. The rule is also designed to work in concert with rules under the Community Reinvestment Act’s reporting requirements. Under the regulators’ Community Reinvestment...
Read More »OCC Annual Report: State of the Federal Banking System
...through public/private partnerships to strengthen the defense of the financial sector. Throughout 2022, the OCC worked on a proposal to modernize regulatory framework of the Community Reinvestment Act (CRA) regulatory...
Read More »Survey Examines Risk, Compliance Concerns
...Banks are anxiously awaiting a final rule on Community Reinvestment Act (CRA) modernization. Also on the horizon is the release of final rules on small business lending data collection implementing...
Read More »FHFA Approves New Credit Scoring Models for GSEs
...to a bi-merge credit report requirement in the future. National Community Reinvestment Coalition President and CEO Jesse Van Tol released this statement following the announcement: “I applaud the modernization of...
Read More »CFPB Accused of Exceeding Statutory Authority
...understand what this is really about,” said National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol in a release. “These large corporate interests are only suing because the...
Read More »Modernizing the Community Reinvestment Act
...from civil rights and community groups as well as well as other community stakeholders to modernize the Community Reinvestment Act (CRA) and enact new rules to prevent modern-day redlining. According...
Read More »The Week Ahead: Modernizing the Community Reinvestment Act
On Friday, June 3, from 10:30 a.m. - 12:15 p.m. EDT, the Urban Institute will be hosting a hybrid live and in-person event entitled "Modernizing the Community Reinvestment Act: Ensuring...
Read More »The Racial Lending Gap Examined
The Community Reinvestment Act (CRA) was passed in 1977 to fight explicitly racist redlining policies, and requires federal bank regulators—the Office of the Comptroller of the Currency, the Federal Reserve,...
Read More »