Most important, the 5% requirement is consistent with CRA’s purpose of reinvesting federally insured deposits back into their sourced communities, as its name implies. Also, there is little regulatory ...

In May, the Office of the Comptroller of the Currency gave its final stamp of approval to the merger by not objecting to the bank's "updated" CRA plan — a plan that had few significant improvements ...

The Office of the Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act ...

The industry typically pushes the CRA envelope to increase the number of banks safe-harbored with the relatively easy small-bank lending test, which has no community development requirement.

A coalition of trade groups sued regulators Monday to block Community Reinvestment Act updates they allege have unintended consequences “in contravention of CRA’s stated purpose.” The ...

For the future of the CRA, Carlisle believes bank regulators shouldn’t wait another 10 or 25 years –as they did with this update– to make needed modifications to the regulatory framework.

The bank aims to generate roughly $600 million in Community Reinvestment Act qualified loans and invest a minimum of $210 million in CRA qualified investments. TD commits to lend to approximately ...

City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department. CRA programs help banks meet the credit needs of the communities they serve ...

Leonardo Ramos Vice President, Community Reinvestment Act (CRA) Officer ISELIN, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased ...

First Hawaiian Bank (FHB) once again received a rating of “Outstanding” in its most recent evaluation by the Federal Deposit Insurance Corporation (FDIC) for its performance under the Community ...

ALBANY — M&T Bank presented a $30,000 grant to the Affordable Housing Partnership of the Capital Region Homeownership Center on Wednesday as part of its 30 & 30 Giving Initiative.