Page 3 - Community Development Financing News Today

Maryland Housing and Community Development Secretary Jake Day estimates the state has a 96,000-unit housing shortage. Three new bills aim to help.

In Parts I and II I explained the devastating impact of the new CRA Rule and what the underlying reasons for that adverse impact are. In Part III I will touch upon what banks are most...

This is our second blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the...

The federal banking agencies have jointly issued a final rule that will modify how examiners assess compliance with the Community Reinvestment Act (CRA). Among other changes to the CRA...

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...

A showdown between Maryland’s House and Senate chambers over education funding intensified when House negotiators showed up for a meeting and senators didn’t.

Federal Deposit Insurance Corporation FDIC, the Federal Reserve Board FRB and Office of Comptroller of the Currency OCC issued notice of proposed rulemaking to amend update rules implementing Community Reinvestment Act CRA. Comment period on the proposal ended on August 5.

As we reported in May, the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) (together, the...

The comment period on the proposal ended on August 5. We held off summarizing the comments until most people returned from, hopefully, some restful end-of-summer R&R.

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Fed) and Federal Deposit Insurance Corp. (FDIC) (together...