Remove 2024 Remove Community Remove FDIC Remove Regulation
article thumbnail

OCC, Federal Reserve, and FDIC issue final Community Reinvestment Act rule

CFPB Monitor

On October 24, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule amending their regulations implementing the Community Reinvestment Act. Continue Reading

article thumbnail

If You Are Tired of Being Transactional, You Need A Hedge Program

South State Correspondent

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

If You Are Tired of Being Transactional, You Need A Hedge Program

South State Correspondent

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

article thumbnail

OCC Highlights, AML & CRA Risks

Perficient

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

article thumbnail

Compliance changes to watch in 2023

Independent Banker

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC. An NPR is due in 2024 or before. Projected changes. Deposit insurance.

article thumbnail

OCC issues final CRA rule (but FDIC takes a pass)

CFPB Monitor

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. The final rule applies to national banks and federal savings associations.

FDIC 78
article thumbnail

The OCC’s final CRA rule: what changed from the agency’s proposed rule?

CFPB Monitor

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. Thomas, Ph.D., Click here for more information and to register.