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Thursday, May 7, 2020 | History

5 edition of Current status of the Community Reinvestment Act found in the catalog.

Current status of the Community Reinvestment Act

hearing before the Subcommittee on Housing and Urban Affairs of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Second Congress, second session, September 15, 1992.

by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs.

  • 245 Want to read
  • 11 Currently reading

Published by U.S. G.P.O., For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office in Washington .
Written in English

    Places:
  • United States.
    • Subjects:
    • Bank loans -- Law and legislation -- United States.,
    • Discrimination in mortgage loans -- Law and legislation -- United States.,
    • Community development -- Law and legislation -- United States.

    • Edition Notes

      SeriesS. hrg. ;, 102-904
      Classifications
      LC ClassificationsKF26 .B3945 1992f
      The Physical Object
      Paginationv, 387 p. :
      Number of Pages387
      ID Numbers
      Open LibraryOL1465939M
      ISBN 100160397049
      LC Control Number93125472
      OCLC/WorldCa27654126

        The federal banking agencies today released Community Reinvestment Act data on small business, small farm and community development lending. The CRA requires banks with more than $ billion in assets to report data in these areas. Early ’s: Community activists began to protest redlining practices. Home Mortgage Disclosure Act (HMDA) passed by Congress – tracked lending in all communities. Congress passed the Community Reinvestment Act – Federal banking regulatory agencies File Size: KB.

      Advocacy, Coalitions, Community Benefits The Community Reinvestment Act was a landmark civil rights law passed in to end discrimination that was once common in America’s banking and housing markets. NCRC leads campaigns, community coalitions, advocacy with federal policy makers and negotiations with lenders to fulfill their obligations under the law. Our #TreasureCRA campaign seeks. The Marijuana Opportunity Reinvestment and Expungement Act, also known as the MORE Act is proposed United States federal legislation to legalize cannabis and expunge prior convictions, called "historic" in reaching "farther in the legislation process than any other such bill since prohibition" of cannabis in the s, and "the first time in history a congressional committee has approved.

      Inner City Press / Community on the Move and the Inner City Public Interest Law Center (together,"ICP") are committed to the enforcement of the Community Reinvestment Act, antitrust laws, open government laws, and the public interest / convenience and needs of the community standards.   You invited comments on a number of important issues that, if addressed well, could help to make the Community Reinvestment Act a more effective tool to help meet the credit, community development, and banking service needs of our communities, including low-and moderate-income neighborhoods, consistent with safe and sound operation of the.


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Current status of the Community Reinvestment Act by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Housing and Urban Affairs. Download PDF EPUB FB2

The Community Reinvestment Act (CRA), enacted by Congress in (12 U.S.C. ) and implemented by Regulations 12 CFR pa, andis intended to encourage depository institutions to help meet the credit needs of the communities in which they operate.

In this section of the web site, you can find out more about the regulation. The Community Reinvestment Act of (CRA) encourages certain insured depository institutions to help meet the credit needs of the communities in which they are chartered, including low- and moderate-income (LMI) neighborhoods, consistent with the safe and sound operation of such institutions.

The Community Reinvestment Act (CRA, P.L.91 Stat.title VIII of the Housing and Community Development Act of12 U.S.C. § et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income d by: the 95th United States Congress.

Get this from a library. Current status of the Community Reinvestment Act: hearing before the Subcommittee on Housing and Urban Affairs of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Second Congress, second session, Septem [United States.

Congress. Senate. Committee on Banking, Housing, and Urban Affairs. For data on the participation of the Federal Housing Administration in insuring mortgages on multifamily residential projects, see Report on the Status of the Community Reinvestment Act, before the Subcommittee on Housing and Urban Affairs of the Senate Committee on Banking, Housing and Urban Affairs, Cong.

2 Sess., p (Government. Congress passed the Community Reinvestment Act of (CRA; P.L.12 U.S.C. §§) in response to concerns that federally insured banking institutions were not making sufficient credit available in the local areas in which they were chartered and acquiring by: 1.

Community Reinvestment Act (CRA) Interagency Joint Public Hearings. CRA Sunshine Requirements. Strategic Plan Guidelines. Approved Limited Purpose, Strategic Plan, and Wholesale Institutions. Community Affairs. Community Development Financial Institutions.

Minority Depository Institutions Program. CRA Information from Other Federal Agencies. The Community Reinvestment Act (CRA), enacted inrequires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.

Banking Regulators for the CRA. 'Current Status of the Community Reinvestment Act: Hearing Before the Subcomm. on Housing and Urban Affairs of the Senate Comm.

on Banking, Housing and Urban Affairs, d Cong., 2d Sess. 2 () [hereinafter Senate Hearings] (statement of Sen. Cranston). 2 12 U.S.C. §§ ( & Supp. V ). The Community Reinvestment Act of (CRA) is implemented by regulations of the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) in 12 CFR pa, and The CRA regulations.

Call Report Instruction Book Update (Ma ) Consolidated Reports of Condition and Income Instruction Book (Most Recent Update Ma ) and Instructions for Schedule RC-R, Regulatory Capital, for Mafor Non-Advanced Approaches Institutions that Elect to Wait to Implement the Capital Simplifications.

Get this from a library. Report on the status of the Community Reinvestment Act: views and recommendations. [United States. Congress. Senate. Committee on. Fair Housing Act: Part of the Civil Rights Act of The FHA makes it unlawful for any lender to discriminate in housing-related lending activities against any persons because of their race, color, religion, national origin, disability, family status or sex.

Equal Opportunity Credit Act: Community Reinvestment Act Regulations An Uncategorized Document by the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Thrift Supervision Office on 02/03/ FDIC and OCC Announce day Extension of Comment Period for Proposed Changes to Community Reinvestment Act Rules.

Home Mortgage Disclosure Act: FFIEC's Revised 'A Guide to HMDA Reporting: Getting It Right!' The OCC examines the condition of the banks it supervises and their compliance with laws and regulations. Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business.

A Banker’s Quick Reference Guide to CRA As amended effective September 1, A1. Large Banks 6 Strategic Plan Option 10 Public File Requirements 11 CRA Ratings 12 AA – assessment area(s) CD – community development CRA – Community Reinvestment Act HMDA – Home Mortgage Disclosure Act Procedures Act; and the Truth in Lending.

community reinvestment act and interstate deposit production regulations 12 CFR Part 25 - COMMUNITY REINVESTMENT ACT AND INTERSTATE DEPOSIT PRODUCTION REGULATIONS CFR. Every so often, an effort is made to collect articles by leading practitioners, community organizations, and academics about the effectiveness of the Community Reinvestment Act (CRA).

The last was inwhen the San Francisco and Boston Federal Reserve Banks published a volume about perspectives on the future of the Community Reinvestment Act. Nearly stakeholders—including Federal Reserve Board governors and policymakers, regulators and rule writers, academics and researchers, community development leaders and policy practitioners—came together at the Federal Reserve Bank of Philadelphia to discuss the past, present, and future of the Community Reinvestment Act (CRA).

The purpose of this Act is to help consumers protect their credit identities and recover from identity theft. One of the key provisions of this Act is that consumers can request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies (Equifax, Experian, and TransUnion).Community Reinvestment Act and Economic Development on *FREE* shipping on qualifying offers.

Community Reinvestment Act and Economic Development.Community Reinvestment Act example. Some ways that banks comply with the CRA and invest in their communities are to: Provide funding for economic development projects in underserved communities to.