Community Development is an important performance requirement for Large Banks and Intermediate-Small banks' performance under CRA. But it is frequently misunderstood because it has a highly technical definition. In this podcast, CRA Expert Len Suzio covers the different technical meanings and precise definitions of Community Development as it is applied for CRA purposes. What exactly is "affordable housing", "community services", "economic development", and "revitalization/stabilization" under CRA? To find out the details listen to this podcast featuring noted CRA expert Len Suzio
Major changes contained in the Federal Reserve Board’s Advanced Notice of Proposed Rule-Making regarding the Community Reinvestment Act.
This podcast discusses the major changes contained in the Federal Reserve Board's Advanced Notice of Proposed Rule-Making regarding the Community Reinvestment Act. The content of this podcast is time-sensitive. The ANPR was published in October 2020 and comments are due no later than February 16, 2021. It is expected that all 3 federal bank regulators will eventually join in a final rule-making based on the Fed's ANPR.
To comment at FRB for CRA ANPR simply go to https://www.federalreserve.gov/secure/forms/ElectronicCommentForm.aspx?doc_id=R%2D1723&doc_ver=1
E-mail: [email protected]. Be sure to include Docket Number R-1723 and RIN 7100-AF94 in the subject line of the message.