WebCommunity Reinvestment Act (CRA) The Division of Banks (DOB) ensures consumer protection in the financial services industry. Learn more about this key component to … WebThe Community Reinvestment Act ( CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a …
Community Reinvestment Act - Federal Reserve Bank of Kansas City
WebApr 22, 2024 · The law requires federal banking regulators to assess the extent to which financial institutions are meeting the credit needs of the “entire community” – including low- and moderate-income (LMI) neighborhoods – while operating in a safe and sound manner, and to consider this record when deciding whether to approve an ‘application for a … WebAug 6, 2024 · FOR IMMEDIATE RELEASE : August 6, 2024. PRESS CONTACTS: Brent Adams ( [email protected]) or Jenna Severson ( [email protected]) 312-368-0310. CHICAGO, IL – Governor Rauner signed the Check Cashing Fairness Act into law on Friday afternoon, August 3, 2024. The law amends the Illinois Currency … twist landmark cleveland
Fed proposing revamp of landmark law that aims to …
WebMar 23, 2024 · This bill, the Community Redevelopment Law of 2024, would authorize a city or county, or two or more cities acting jointly, to propose the formation of a community and affordable housing reinvestment agency by adoption of a resolution of intention that meets specified requirements, including that the resolution of intention include a … WebMar 1, 2024 · Regulation BB implements the Community Reinvestment Act of 1977 (CRA), which requires that the federal regulators of banks and thrifts encourage those institutions to help meet the credit needs of the local … WebMar 15, 2024 · The Community Reinvestment Act was enacted in 1977 with a worthy goal of encouraging banks to help meet the credit needs of the communities in which they … take itunes off repeat