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Friday, July 10, 2020 | History

4 edition of Community development proposals and CRA reforms found in the catalog.

Community development proposals and CRA reforms

hearing before the Subcommittee on General Oversight, Investigations, and the Resolution of Failed Financial Institutions of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, first session, September 15, 1993.

by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on General Oversight, Investigations, and the Resolution of Failed Financial Institutions.

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  • 31 Currently reading

Published by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in English

    Places:
  • United States.
    • Subjects:
    • Community Development -- United States.,
    • Minority business enterprises -- Finance -- Government policy -- United States.

    • Classifications
      LC ClassificationsKF27 .B54428 1993e
      The Physical Object
      Paginationiii, 72 p. :
      Number of Pages72
      ID Numbers
      Open LibraryOL1167843M
      ISBN 100160435145
      LC Control Number94149551
      OCLC/WorldCa29901024

      10+ Community Project Proposal Templates – PDF, Word We cannot deny the fact that there are problems in the world that cannot be solved in one sitting. Even if we see our favorite celebrities and the people we idolize have charity events and workshops for the less fortunate, we can still that those efforts are not enough to cater to everyone.   In a laudable step towards further advancing a reform of the Community Reinvestment Act (“CRA”), the OCC earlier this week released an advanced notice of proposed rulemaking (the “ANPR”) “to solicit ideas for building a new framework to transform and modernize” the current CRA regulatory framework to better achieve the statutory purpose of the CRA.

        The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule applies to national banks and federal savings associations. Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. FDIC Chairman Jelena McWilliams issued a statement in which she indicated that although .   Young doctors entering the medical field take the Hippocratic Oath requiring them to deliver quality and ethical care. The first and foremost part of the oath is to “do no harm” to the patient. This cardinal rule of medicine should be applied as the Trump administration mulls Community Reinvestment Act (CRA) reform.

      Community Reinvestment Act, Community Bank (CRA) for Compliance Professionals. Self-Paced Training Learn to recognize the purpose, background and importance of CRA, learn important information about CRA ratings and strategies. Community Reinvestment Act, Large Bank (CRA) for Compliance Professionals. Self-Paced Training.   Proposed Community Reinvestment Act (CRA) regulations released Dec. 12 were greeted with great concern by many affordable housing and community development advocates, as they fear many proposed changes will have adverse effects that .


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Community development proposals and CRA reforms by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on General Oversight, Investigations, and the Resolution of Failed Financial Institutions. Download PDF EPUB FB2

Summary of Proposal to Modernize Community Reinvestment Act Rules. Summary of Proposal to Modernize Community Reinvestment Act Rules. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are soliciting comment on a proposal to modernize Community Reinvestment Act (CRA) regulations by clarifying what counts, updating.

The OCC and FDIC CRA reform proposal could bring us back here. Legalized redlining. That would be the result if a currently proposed rule to “modernize” the Community Reinvestment Act (CRA) is adopted by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).

And it breaks my : Frank Woodruff. Community development proposals and CRA reforms: hearing before the Subcommittee on General Oversight, Investigations, and the Resolution of Failed Financial Institutions of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred Third Congress, first session, Septem   Last month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) proposed sweeping reforms to the CRA regulations that could significantly alter how regulators assess the banking industry’s community development activities and impact the availability of credit in low- and moderate-income communities.

The proposal broadly outlines the community development loans and investments that would qualify. In general: Retail loans, community development loans, community development investments, and community development services that help meet the credit needs of a bank’s entire community, including low- and moderate-income communities, are qualifying activities if they meet.

That rule must address the weaknesses in the CRA framework and provide greater certainty for everyone — regulators, banks, community development practitioners and community groups — to ensure the CRA continues to benefit and transform distressed communities today and for future : Barry Wides.

By holding banks Community development proposals and CRA reforms book for serving local communities, the Community Reinvestment Act (CRA) has leveraged trillions of dollars of responsible loans, investments, and services for traditionally underserved communities.

The federal bank agencies are considering changes to the CRA regulation and examination procedures. Yes, things have been busy with the proposal to expand the definition of community development and the announcement of the CRA public hearings.

And it’s all happening right in the middle of some major regulatory reforms, so I know it can feel a little overwhelming. Case study: Community development in Lithuania 56–57 Community development values and beliefs 60 How community development created economic development in Slovakia 67 Case study: Mayville and Lassiter County 71–72 The Civic Index 94–98 Case study: Broomfield, Colorado CDCs in Massachusetts –File Size: 2MB.

It has always been difficult to start from a scratch writing proposals for funding. While every proposal is written in response to a call by prospective donor with their own guidelines, it is important to have something that you can refer to.

This. Redlining would be relegalized by CRA reform proposal Shelterforce article by Frank Woodruff of the National Alliance of Community Economic Development Associations | January 9, Top Regulators Speak Out FDIC Board Member Martin J.

Gruenberg. The OCC and FDIC should have considered lending outside of AAs in their reform proposal because of the availability of data on lending outside of branch networks. The NPRM also allows for credit to be given for CRA activity outside of their assessment area regardless of performance in the banks assessment areas.

“Banks Learn the Price of ‘Satisfactory’ CRA Grades,” Septem ; Regulators Need to Hold Community Groups Accountable,” August 6, “A Simple CRA is an Effective CRA,” Octo “Comptroller Curry: How About Some Real CRA Reform,” April 9, “CRA Due Diligence More Critical than Ever,” Decem Community development financial institutions could stand to gain from efforts to modernize the Community Reinvestment Act, but they fear the proposal offered.

The next few months will be critical to the future of CRA, and we need the community development finance industry to weigh in with the OCC and FDIC on this proposal. To learn more about how you can engage in OFN’s CRA advocacy, please contact OFN's Chief External Affairs Officer, Jennifer A. Vasiloff, at [email protected] eligible for CRA credit, especially community development activities.

New framework would create a non-exhaustive list of qualifying activities to provide greater certainty regarding which community development activities receive CRA credit. Proposal outlines process for updating the list and periodic public input on qualified activities.

WASHINGTON, D.C. – Today, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) announced a proposal to reform the Community Reinvestment Act (CRA)—the landmark anti-redlining law enacted nine years after the Fair Housing Act of to stop persistent discrimination in lending.

The Federal Reserve, which shares a regulatory. Almost like a "Robin Hood" proposal, CRA benefits of deposits from the rich would be used to help the poor. This reinvestment proposal is consistent with the CRA's intent and, in fact, its middle.

In order to receive community development consideration under CRA for loans, investments, and/or services, their primary purpose must be consistent with the definition of community development (the five components of CD).

CRA does not specify dollar amounts or percentage requirements, since credit needs vary among communities. The proposal’s qualifying activities criteria and expansion of qualifying community development activities, including proposed changes to the “small business loan” criteria How the proposal would change a financial institution’s delineation of its assessment area, including how a bank with a significant portion of retail deposits.

Community Reinvestment Act Reform: We Need to Change CRA, a Law That Hurts the Poor But already groups that view the Community Reinvestment Act as sacrosanct have begun to push back against the Office of the Comptroller of the Currency's proposal to change the way banks are judged as to whether they adequately serve low-income neighborhoods.

OCC and FDIC issue joint proposal to revise CRA regulations; Ballard Spahr to hold Jan. 29 webinar. The OCC and FDIC have issued a joint proposal to revise their regulations implementing the Community Reinvestment Act (CRA).

Although the Federal Reserve, OCC and FDIC, are the primary CRA regulators, the Fed did not join the proposal and presumably will issue a separate proposal.The Community Reinvestment Act (CRA), enacted inhas fostered access to financial services for low- and moderate-income communities across the country.

Together with other antidiscrimination, consumer protection, and disclosure laws, the CRA remains today a key element of the regulatory framework, encouraging the provision of mortgage, small business, and other credit, investments, and.