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OCC Chief Courting Big Bank CEOs on CRA Reform

OCC Chief Courting Big Bank CEOs on CRA Reform

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FintechNews RoundupUSA
··1 min read

The head of the OCC, Joseph Otting, has been personally lobbying big bank CEOs to win support for his plans to overhaul the Community Reinvestment Act; this includes JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan; apparently the responses have been cordial but lukewarm; the OCC plan, which also has support from the FDIC (but not the Federal Reserve), would take into account online deposits, not just those deposits from physical branches; the Federal Reserve has concerns about the impact on lending to poorer neighborhoods. The Wall Street

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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