Blog

Tag: Federal Deposit Insurance Corporation (FDIC)

Federal Bank Regulators Release Long-Awaited CRA Modernization Proposal

On May 5, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) released their…

May 6, 2022

Events, Voices

OFN’s Lisa Mensah Amplifies CDFI Message at 2022 National Interagency Community Reinvestment Conference

What were you doing at the start of the pandemic and what role did your organization play throughout the pandemic? This question…

March 24, 2022

News

FDIC Creates New Office of Minority and Community Development Banking to Support Mission-Driven Banks

On November 2, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams announced the creation of a new office to support the agency’s…

November 4, 2021

News

OCC Halts Widely Criticized 2020 Community Reinvestment Act Rule

After nearly three years of ongoing advocacy, the CDFI industry received a major policy win when the Office of the Comptroller of…

May 20, 2021

News

OFN Weighs in on Federal Reserve CRA Reform Proposal

Federal bank regulators continue efforts to update the Community Reinvestment Act (CRA) regulations. On February 16, OFN submitted comments to the Federal…

February 25, 2021

News

Federal Reserve Releases Community Reinvestment Act Reform Proposal

On September 21, the Federal Reserve Board of Governors voted unanimously to release their proposal to reform the Community Reinvestment Act (CRA) regulations. While…

September 24, 2020

News

$10 Million Netflix Investment in HOPE Credit Union Sets Example for Private Sector

Hope Enterprise Corporation/Hope Credit Union (HOPE), a community development financial institution (CDFI) based in Jackson, Mississippi, will use a $10 million investment from Netflix to import capital…

July 9, 2020

News

OCC Releases Final Community Reinvestment Act Rule

On May 20, the Office of Comptroller of the Currency (OCC) released its final Community Reinvestment Act (CRA) rule just six weeks after the…

May 21, 2020