The final rule takes effect April 1, 2024, with staggered compliance dates of Jan. 1, 2026, and Jan. 1, 2027. The Federal Reserve released afact sheeton the final rule. Community Reinvestment Act Final Rule’s Potential Impact on the Low-Income Housing Tax Credit (LIHTC) Market ...
The Community Reinvestment Act is a federal law that encourages lenders to meet the credit needs of the communities in which they are located.
Community Reinvestment Act Final Rule: Will the FDIC Eventually Adopt the New RegulationsGOLDMAN, KEVINNorth Carolina School Banking Institute Journal
The Community Reinvestment Act (CRA) of 1977 encourages banks to help meet the credit needs of the communities in which they do business, including low- and moderate-income neighborhoods. Fifth Third is proud to achieve an "Outstanding" CRA rating from the OCC in our most recent Performance ...
Associated Bank is pleased to provide this information for public inspection under the Community Reinvestment Act (CRA). Interested parties can review the data provided and produce hard copies of documents as needed. Associated Bank is able to provide hard copies of these documents; however, please...
At Atlantic Union Bank, we are committed to meeting the guidelines of the Community Reinvestment Act. Learn more about our efforts and how we are making a positive impact.
Christopher Waller said he supports the final rule update that “continues to support community reinvestment as required by law while providing more clarity to banks on the criteria needed to comply with the CRA.” Michelle Bowman said she opposes the the rule because it ov...
McAllen Midland Odessa San Antonio Victoria View ourLocationspages for more information about our financial centers. Financial Center Openings & Closings (as of November 12, 2024) 2022 2023 2024 Frost Products & Services Personal Business CRA & HMDA Disclosure Statements ...
The Community Reinvestment Act (CRA) of 1977 is implemented by the regulatory agencies which requires insured depository institutions to make publicly available business, farm, and community development lending volumes.
On May 5, 2022, the Federal Reserve Board, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued a notice of proposed rulemaking (the “Proposal”) that would amend the regulations implementing the Community Reinvestment Act of 1977 (the “CRA”). The Pr...