The final rule provides flexibility to large savings associations to determine the combination of lending, investments and services these institutions use to meet the needs of their local communities under the CRA. Pursuant to the final rule, large institutions may request modification of their rating...
In 2023, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation issued a final rule to modernize regulations implementing the CRA. The final rule focuses on eight key objectives, including strengthening the CRA's core purpose, adaptin...
Given the hurdles created by the rulemaking process, the CRA provides a “cleaner” and quicker vehicle for overturning the final rule. Republican Congressman Dennis Ross, one of the CRA resolution’s sponsors, is reported to have said that despite the CFPB’s announcement, he intends to continu...
Environmentalists are pressing departing Obama administration officials to strengthen EPA's upcoming final rule revising its facility safety regulation even as the measure faces a growing threat that the next Congress, backed by incoming President Donald Trump, will eliminate the rule under privileged ...
OTS Issues Final CRA Exam Rule.(Office of Thrift Supervision, Community Reinvestment Act exams)(Brief Article)Blackwell, RobBergman, Hannah