In the wake of shifting political winds and a dramatic change in regulatory tone from the Trump Administration, compliance officers across the country are rightfully asking: What now? The agencies have indicated that they plan to rescind proposed changes to the Community Reinvestment Act (CRA). Section 1071’s future is uncertain. And many long-anticipated regulations are stalled or suddenly up for reconsideration. The message from Washington seems to be: “We’re rethinking things.” And that leaves many […]
Tag: Compliance Insights
10 Things Every CEO Should Know About CRA Modernization
The Community Reinvestment Act (CRA) is undergoing significant changes and the final interagency ruling on CRA Modernization is expected to come down sooner rather than later. As CEO, understanding these changes and their implications is crucial for your bank’s compliance success. The Community Reinvestment Act has long played a vital role in promoting community development and fair lending, and the new regulations will reshape how your institution approaches its community commitments. Here are ten things […]