Cra interagency faq
WebJul 20, 2024 · WASHINGTON -- The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) are … WebSep 6, 2024 · To ensure consistency in answering public inquiries about the Community Reinvestment Act (CRA) Regulations, staff at the four agencies responsible for CRA enforcement have issued the following Interagency Interpretive Letters. See Interagency Questions and Answers for answers to most frequently asked questions.
Cra interagency faq
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WebApr 3, 2024 · These FAQs will be updated periodically. For further detail, institutions should refer to guidance and other communications released by the Federal Reserve, including … WebThe Board assesses the CRA performance of a bank in an examination as follows: ( 1) Lending, investment, and service tests. The Board applies the lending, investment, and service tests, as provided in §§ 228.22 through 228.24, in evaluating the performance of a bank, except as provided in paragraphs (a) (2), (a) (3), and (a) (4) of this section.
WebApr 5, 2024 · In light of the declaration of a national emergency, the attached interagency statement clarifies that financial institutions will receive CRA consideration for community … Webmajor disaster areas, consistent with the guidance in the Interagency CRA Q&As. Disaster-related activities that met the qualifying criteria in 12 CFR 25.04 of the June 2024 CRA …
WebSep 6, 2024 · The following "Interagency Questions and Answers Regarding Community Reinvestment" (Questions and Answers) were released by the staffs of the Board of … To ensure consistency in answering public inquiries about the Community … WebMay 10, 2024 · On May 5, 2024, the US banking regulators 1 proposed revisions to the regulations implementing the Community Reinvestment Act (the “Proposal”). 2 The Proposal is a comprehensive interagency effort that would change both the process and substantive tests that the regulators use to assess the record of each bank in fulfilling its …
WebSep 6, 2024 · NOTE: Use of this Guide is not a substitute for familiarity with the CRA regulations and the Interagency Questions and Answers (Q&As).The regulations and Q&As are subject to revision, therefore, refer to them often to learn about changes that may impact data collection and reporting requirements.
WebApr 27, 2024 · The banking regulators reinforced the important role that CRA can play in pandemic response by issuing an interagency statement on March 19 . This statement calls for banks to work with affected customers and communities, specifically those that are low- and moderate-income, and reaffirmed that favorable CRA consideration for such … bipolar disorder manic highsWebFeb 17, 2024 · The Community Reinvestment Act (CRA), enacted by Congress in 1977 (12 U.S.C. 2901) and implemented by Regulations 12 CFR parts 25, 228, 345, and 195, is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate. dallas air show crash nov 12 2022WebNov 10, 2024 · Ask the Regulators: CRA Reform Update: Overview of the Interagency CRA Notice of Proposed Rulemaking; Modernizing the Community Reinvestment Act: … bipolar disorder medications for childrenWebThe Community Reinvestment Act, or CRA, was signed into law in 1977 and is a seminal piece of legislation to address inequities in access to credit for low- and moderate … bipolar disorder medications for teensWebJul 25, 2016 · Community Reinvestment Act (CRA) (12 U.S.C. 2901 et seq.) through their CRA regulations. See 12 CFR parts 25, 195, 228, and 345. The CRA is designed to … bipolar disorder medication and injectionWebMay 27, 2024 · The FAQ explains how both retail and community development activities will be considered in examinations. The FAQ also includes guidance on agency treatment of … dallas airshow crash video 2022WebMay 5, 2024 · On December 14, 2024, the OCC issued a final rule that rescinded the June 2024 rule and replaced it with a rule based largely on the agencies' 1995 CRA rules (as amended). This action realigned the OCC's CRA rule with those of the Federal Reserve Board and FDIC. The interagency proposed rule would, if finalized, replace the current … dallas air show crash update