An American Banker op-ed argues that the Community Reinvestment Act (CRA) does not need a complete overhaul; instead just some...
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt 2019 could be the year CRA deadlock ends...
Any form of modernization of the Community Reinvestment Act must have measurable analysis of community value at the foundation, according...
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
Regulators and fintech leaders gathered in Washington DC yesterday to discuss the fintech chartering process and some of the biggest challenges...
Speaking with American Banker the former Comptroller of the Currency, Eugene Ludwig, says that because non-bank lenders are considerably larger...
Regulators in the US are contemplating giving banks additional regulatory points for lending to mid and low income Americans who...