Financial Institutions, Community Reinvestment Act, Banking Regulators

Why Do Federal Bank Regulators Create a Commercial Monopoly on Key Benchmark Data?

GeoDataVision on 6/19/2025

Ever since the 1995 CRA rule was published bank regulators have mandated certain “community” and “market” benchmarks as the basis for rating bank performance under the CRA regulations. Most of that data is in the public...more

Banking Regulators Ask Fifth Circuit to Lift Injunction Blocking CRA Rules

Ballard Spahr LLP on 7/29/2024

Federal banking regulators are asking the Fifth Circuit Court of Appeals to lift a Texas court injunction barring implementation of new Community Reinvestment Act (CRA) rules....more

In Depth: A Look at Federal Banking Agencies’ Proposal to Update Community Reinvestment Act Rules

Cadwalader, Wickersham & Taft LLP on 5/17/2022

As we mentioned briefly in our newsletter last week, the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) (together, “The Agencies”)...more

Federal Banking Regulators Propose Overhaul of Community Reinvestment Act

Pillsbury Winthrop Shaw Pittman LLP on 5/9/2022

Regulators took a first step toward modernizing CRA regulations with a joint Notice of Proposed Rulemaking. The proposed rule would add more standardized metrics for regulators’ CRA examinations and more clearly delineate...more

Banking Regulators Publish Proposed Rule to Update Community Reinvestment Act Regulations

Bradley Arant Boult Cummings LLP on 5/6/2022

On May 5, 2022, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively the agencies) issued a joint notice of proposed...more

Response from community groups to OCC/FDIC joint CRA proposal

Ballard Spahr LLP on 12/27/2019

While banks, community groups, and regulators all seem to agree that there is a need to reform the Community Reinvestment Act (the “CRA”), which was signed into law by Jimmy Carter back in 1977 and hasn’t received a major...more