The Fed, FDIC, and OCC have extensively revised rules implementing the Community Reinvestment Act (CRA), a 1977 law to encourage banks to help meet the credit needs of their communities, especially in ...

On October 24, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (together, the “Agencies”) issued ...

Jerome Powell, chairman of the Federal Reserve, said Tuesday that the agency's final Community Reinvestment Act rule "will better achieve the purposes of the law by encouraging banks to expand access ...

The current scale of mortgage delinquencies and foreclosures—particularly in the subprime market—has sparked a renewed debate over the Community Reinvestment Act (CRA) and the regulations governing ...

Dime Community Bancshares, Inc. announced that Dime Community Bank received an "Outstanding" rating in its Community Reinvestment Act evaluation from the Federal Reserve Bank of New York. This top ...

Community investing refers to the practice of directing capital to underserved communities, supporting local businesses, and promoting social and environmental initiatives. It seeks to create a ...

There is a lack of information exchange between community development lenders and capital investors that limits the growth of a secondary market for community development assets. This obstacle limits ...

New solution will centralize and automate tracking of community development loans, investments, and services to improve compliance efficiency and regulatory readiness MINNEAPOLIS--(BUSINESS WIRE)-- ...

Grant winners selected by OFN based on support of affordable housing and community development efforts Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) today ...