WebDec 15, 2024 · SUMMARY: The Comptroller of the Currency is adopting a final Community Reinvestment Act (CRA) rule that is based largely on the 1995 CRA rules, as revised, that were issued by the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC). WebJun 4, 2024 · As we proceed down the modernization path, the Federal Reserve has three main goals: Strengthen the regulations to advance the CRA’s core purpose of …
CRA Modernization Goes Back to the Drawing Board
WebJan 15, 2024 · The Federal Reserve Board recently announced its own proposed changes through an Advance Notice of Proposed Rulemaking (ANPR). The comment period is open until February 16th and Reserve Banks across the country including our own, are engaging with the public around a whopping 99 questions about potential changes to the … WebFeb 16, 2024 · Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 appreciates the opportunity to comment on the Advance Notice of Proposed Rulemaking (“ANPR” or “Notice”) issued by the Board of Governors of the Federal Reserve System (“Board”) titled “Community Reinvestment Act.”. CSBS appreciates the Board … dr wanet thierry
Submit a CRA comment to the Federal Reserve » NCRC
WebSep 23, 2024 · Regulatory Developments. Federal Reserve Issues Proposed Rule on Modernizing CRA Regulations. On September 21, the Federal Reserve released an Advance Notice of Proposed Rulemaking (ANPR) soliciting public comment on its approach to modernizing regulations that implement the CRA. The ANPR seeks … WebOct 13, 2024 · The CRA is a law designed to prevent redlining and has recently been undergoing scrutiny from regulators as it was originally implemented before the rise of internet banks. Community development and banking advocacy groups reacted positively to the Federal Reserve's initial request for comment. WebJan 28, 2024 · The deadline to submit comments to the Federal Reserve Board’s (Fed) Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA) is fast approaching — Tuesday, February 16, at 11:59 pm. For instructions and NCRC’s sample comment letters, please visit: www.ncrc.org/TreasureCRA comes back for another stint crossword