OCC

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.

Project REACh is designed to increase access to credit and capital for underserved communities. Click through to read more. The post OCC Debuts Program to Expand Financial Inclusion appeared first on DSNews.

The Office of the Comptroller of the current also reported that the total amount of outstanding principal has been falling since 2018. Click through to read more. The post Calm Before the Storm: Q1 Delinquency Less than 4% appeared first on DSNews.

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.

One of Otting’s final moves as Comptroller was to release a final rule under the Community Reinvestment Act. The post Comptroller Joseph Otting to Step Down appeared first on DSNews.

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.

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.

Click through to find out what the Office of the Comptroller of the Currency’s plan for servicers and lenders is beyond the coronavirus pandemic. The post OCC Addresses Liquidity and Forbearance Issues appeared first on DSNews.