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 ...

JPMorgan Chase , Bank of America and Wells Fargo, America's three largest lenders, declined to comment on changes to the CRA. Related: 'Drill, baby, drill!' comes to oil regulator ...

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.

Non-bank intermediaries have grown in importance because they fill the financial needs of business and consumers, needs that are no longer being provided by the highly-regulated banking system.

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 ...

Mechanics Bank announced that it has received a rating of ‘Outstanding’ from the Federal Deposit Insurance Corporation for its most recent CRA Exam.

Santander Bank’s Community Reinvestment Act (CRA) Rating Upgraded to “Outstanding” by the OCC. February 19, 2021 01:30 PM Eastern Standard Time.

The bank can now open additional branches within its eight-state northeast footprint and is no longer subject to limitations on accepting public deposits. Santander Bank has regained a passing ...

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 ...