OCC

Community Development Found to be Largest Value of CRA

Maxine Waters, Chairwoman of the House Committee on Financial Services, said previously the rule would give funding to institutions that were active in Opportunity Zones without ensuring they benefited the communities. The post Community Development Found to be Largest Value of CRA appeared first on DSNews.

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How Lockdowns are Hurting the Banking System

Acting Comptroller of the Currency Brian P. Brooks has expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system. The post How Lockdowns are Hurting the Banking System appeared first on DSNews.

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OCC Finalizes Community Reinvestment Act Rule Changes

The final rule will increase bank CRA-related lending, investment, and services in low- and moderate-income communities. However, here’s why some groups called the change a “dangerous distraction.” The post OCC Finalizes Community Reinvestment Act Rule Changes appeared first on DSNews.

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How the OCC is Meeting Servicer Needs

In the Comptroller of the Currency’s testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, he outlined how the OCC was providing banks greater flexibility to meet the needs of the households and businesses that depend on them. The post How the OCC is Meeting Servicer Needs appeared first on DSNews.

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