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CRA

FintechUSA
·Jul. 17, 2020

Empty Bank Branches Do Not Help a Community

Any form of modernization of the Community Reinvestment Act must have measurable analysis of community value at the foundation, according...
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FintechNews RoundupUSA
·Mar. 19, 2020

Banks May Receive Bonus Points for Low-Income Lending

Regulators in the US are contemplating giving banks additional regulatory points for lending to mid and low income Americans who...
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FintechNews RoundupUSA
·Apr. 25, 2019

Highlights from the FDIC Fintech Event

Regulators and fintech leaders gathered in Washington DC yesterday to discuss the fintech chartering process and some of the biggest challenges...
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FintechNews RoundupUSA
·Jan. 11, 2018

Regulators Look to Revamp Rules Under Community Reinvestment Act

The Community Reinvestment Act is a law that was first enacted in 1977; The Trump Administration is going to unveil plans to change the law which has some community groups concerned since the act historically prevented banks from just serving wealthy customers; some banks say that the rules haven’t kept up with technological innovation. Source

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FintechUSA
·Jun. 23, 2020

Former OCC Head Says Non-Banks Should be Included in CRA

Speaking with American Banker the former Comptroller of the Currency, Eugene Ludwig, says that because non-bank lenders are considerably larger...
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FintechNews RoundupUSA
·May. 6, 2019

What is Needed to Update CRA

An American Banker op-ed argues that the Community Reinvestment Act (CRA) does not need a complete overhaul; instead just some...
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EuropeFintechNews RoundupUSA
·Jan. 4, 2019

Announcements & Releases for January 4, 2019

New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
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