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Modernizing And Strengthening CRA Regulations: A Conversation With The Consumer Bankers Association, Federal Reserve Governor Lael Brainard, At The Consumer Bankers Association Community Reinvestment Act Committee Meeting

Modernizing And Strengthening CRA Regulations: A Conversation With The Consumer Bankers Association, Federal Reserve Governor Lael Brainard, At The Consumer Bankers Association Community Reinvestment Act Committee Meeting Date 17/12/2020 Good afternoon and thank you for inviting me to take part in the Consumer Bankers Association s (CBA s) Community Reinvestment Act (CRA) Committee meeting. The CRA officers and teams at your institutions play an important role in identifying community priorities and building partnerships with stakeholders to implement effective CRA programs. We appreciate the opportunity to hear feedback from CBA members and this committee reflecting your extensive experience making loans and investments to support local communities.1

Bank regulator races to enact lending rule that would deal a blow to ESG

Author Lindsey WhiteRobert Clark A polar bear roams the Arctic National Wildlife Refuge in Alaska, where several large banks have ceased funding new oil and gas exploration. Source: P. de Graaf /Moment via Getty Images An Alaskan wildlife refuge is at the center of an escalating, highly politicized sustainability debate that has pulled in big banks, federal regulators, Congress, climate activists, the oil-and-gas industry and the local Native community. The Office of the Comptroller of the Currency introduced a polarizing proposal that would require big banks to reverse course on lending policies introduced to combat climate change. With just three weeks to go before the comment deadline closes, the banking industry and sustainability community are locked in battle with the oil-and-gas industry and an outgoing Republican administration that has made moves to dismantle policies seen as friendly to the environmental, social and gove

What Biden s pledge to forgive student loans means for consumer lenders

What Biden s pledge to forgive student loans means for consumer lenders
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