NewsWeigh in on the Future of the Community Reinvestment ActThe March 9 deadline is fast approaching for members of the public to submit comments to the Office of the Comptroller of the Currency (OCC) and… February 10, 2020
NewsCongress Holds Hearings on OCC-FDIC Community Reinvestment Act Reform ProposalOn January 29, Comptroller of the Currency Joseph Otting appeared before the House Financial Services Committee for a contentious hearing entitled “The Community Reinvestment Act:… February 9, 2020
NewsAmerican Banker Highlights CDFI Concerns About CRA ReformOn January 23, American Banker published an article entitled “Far from cheering CRA reform, CDFIs are worried,” which highlights how community development financial institutions… January 24, 2020
NewsHelpful Resources on the New CRA ProposalLast month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed sweeping reforms to the CRA regulations that could significantly… January 9, 2020
NewsAlternative Approach to CRA Modernization Articulated by Federal Reserve Board GovernorYesterday, Federal Reserve Board Governor Lael Brainard gave a speech at the Urban Institute outlining a vision for reforming the Community Reinvestment Act (CRA)… January 9, 2020
NewsOFN Bank Partner Wins 2019 Community Impact AwardWoodforest National Bank® (Woodforest) recently received a 2019 Community Impact Award for its Woodforest Foundry℠ program from Wolters Kluwer’s Compliance Solutions business at its annual CRA & Fair Lending… November 14, 2019
NewsOCC Hosts Community Development Tours Highlighting Community Reinvestment ActOn August 19, OFN’s President and CEO Lisa Mensah and Vice President of Public Policy Dafina Williams participated in a community development tour in Washington, D.C., hosted by the Office… September 20, 2019
NewsCDFI Leaders’ Op-Ed Calls for CRA Reform To Tackle Rural PovertyAmerican Banker recently published an op-ed authored by CDFI leaders Bill Bynum (Hope Enterprise Corporation), Chrystel Cornelius (First Nations Oweesta Corporation), and… April 22, 2019
NewsLisa Mensah Promotes CRA Modernization at D.C. ForumCommunity Reinvestment Act (CRA) regulations haven’t been updated since 1995. At the time, stakeholders agreed to revisit regulations again in 2000. It… January 28, 2019