Federal Deposit Insurance Corporation (FDIC) Archives

NCRC Statement: “Huge Step Forward” In New FDIC Merger Review Proposal

By NCRC / March 21, 2024 / Press Releases / 1 minute of reading

The Federal Deposit Insurance Corporation (FDIC) on Thursday proposed changes to its merger review practices. Jesse Van Tol, President and CEO of NCRC, released the following statement: “The FDIC’s proposal is a huge step forward. In particular, it recognizes that the regulators obligation is to assess public benefit in a forward-looking way, not just rely […]

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TAB Bank, Facilitator Of Predatory Puppy Loans, Gets Rating Downgraded By FDIC

By NCRC / February 7, 2023 / Press Releases / 3 minutes of reading

The FDIC came to the same conclusion as consumer advocates including NCRC: TAB Bank committed unfair or deceptive acts or practices that harmed customers.

TAB Bank, Facilitator Of Predatory Puppy Loans, Gets Rating Downgraded By FDIC Read More »

NCRC Supports Nomination Of Martin Gruenberg To Head FDIC

By NCRC / November 22, 2022 / Press Releases / 2 minutes of reading

Martin Gruenberg has the necessary judgment and experience to lead the FDIC and he deserves to be confirmed swiftly by the Senate.

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NCRC Statement On Edward Jones Withdrawing Its ILC Charter Application

By NCRC / October 13, 2022 / Press Releases / 2 minutes of reading

“If even the titans of finance can be successfully discouraged from seeking ILC charters, that’s a win for the American consumer.”

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NCRC Files Final Comment Letter On Proposed Overhaul Of Community Reinvestment Act Regulations

By NCRC / August 4, 2022 / Press Releases / 3 minutes of reading

“Significant changes will be required if the final rule is to deliver real progress in addressing the legacy of redlining in America.”

NCRC Files Final Comment Letter On Proposed Overhaul Of Community Reinvestment Act Regulations Read More »

Groups Urge Downgrade To CRA Rating For Utah-Based TAB Bank

By NCRC / June 30, 2022 / Press Releases / 3 minutes of reading

The FDIC should penalize rent-a-bank practices that harm consumers, 40 consumer groups wrote in a letter.

Groups Urge Downgrade To CRA Rating For Utah-Based TAB Bank Read More »

Video: Martin Gruenberg Keynote Address At 2022 Just Economy Conference

By NCRC / June 16, 2022 / Events, NCRC Videos / 12 minutes of reading

FDIC Acting Chairman Martin Gruenberg delivers keynote remarks at the National Community Reinvestment Coalition’s 2022 Just Economy Conference in Washington, DC.

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How Will CRA Resources be Targeted to Fight COVID-19?

By Josh Silver / April 28, 2020 / Views / 5 minutes of reading

If the agencies do not clarify who can benefit, bank activities under CRA may not end up focused on low- and moderate-income (LMI) communities, including communities of color devastated by COVID-19.

How Will CRA Resources be Targeted to Fight COVID-19? Read More »

Comments on Proposed CRA Rule: Pause and Go Back to Drawing Board

By Josh Silver / April 22, 2020 / Views / 15 minutes of reading

An update is needed but not one that is hastily implemented and would weaken the law in a misguided effort to simplify and clarify CRA rules.

Comments on Proposed CRA Rule: Pause and Go Back to Drawing Board Read More »

Study: Proposed Rule Changes to CRA Could Encourage Neglect of Entire Markets By Big Banks

By Alyssa Wiltse-Ahmad / March 26, 2020 / Press Releases / 2 minutes of reading

Proposed rule changes to the Community Reinvestment Act (CRA) could encourage the neglect of entire markets by the largest banks, a new study found.

Study: Proposed Rule Changes to CRA Could Encourage Neglect of Entire Markets By Big Banks Read More »

National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19

By NCRC / March 24, 2020 / Press Releases / 2 minutes of reading

A diverse coalition of community-based organizations called on the OCC and the FDIC to immediately suspend the comment period for the proposed changes to CRA until after the health and financial crisis brought on by the coronavirus global pandemic is over.

National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19 Read More »

NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19

By NCRC / March 20, 2020 / Press Releases / 1 minute of reading

Today, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement providing guidance to financial institutions on how they can receive credit on their Community Reinvestment Act (CRA) activities to low- and moderate-income people and communities affected by the coronavirus.

NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19 Read More »

Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities

By NCRC / March 9, 2020 / Press Releases / 3 minutes of reading

Nearly all banks that earned passing marks under current rules would be able to reduce their mortgage lending to low- and moderate-income (LMI) borrowers and communities under new rules proposed for the Community Reinvestment Act (CRA), a new study found.

Study: Proposed Rule Changes to CRA Would Let Banks Lend Less to LMI Borrowers and Communities Read More »

NCRC Applauds Federal Reserve’s Release of CRA Data

By NCRC / March 6, 2020 / Press Releases / 1 minute of reading

“We applaud the Federal Reserve’s release of CRA data. They are practicing transparency and we look forward to fully analyzing the data. We’re also curious what it may reveal or imply about the OCC and FDIC proposal. The OCC and FDIC have failed to release data they referenced in their rule proposal,” said Jesse Van Tol, CEO of NCRC.

NCRC Applauds Federal Reserve’s Release of CRA Data Read More »

Could Lack of Impact Assessment in OCC and FDIC Proposal Break CRA?

By Josh Silver / February 6, 2020 / Views / 6 minutes of reading

A cardinal rule of any rulemaking is that a federal agency must use data and analysis to assess the impact of its proposed changes to a regulation. Based on NCRC’s analysis so far, it appears that the OCC and FDIC have flagrantly violated this fundamental rule.

Could Lack of Impact Assessment in OCC and FDIC Proposal Break CRA? Read More »

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