Horacio Mendez’s opinion piece highlights an opportunity for federal bank regulators to raise the bar in grading banks reinvestment performance. I’m the first leader of the nearly 50-year-old economic equity and anti-redlining advocacy organization Woodstock Institute to come to...
Woodstock Institute joined a coalition letter led by the National Community Reinvestment Coalition (NCRC) urging the FDIC to downgrade the Community Reinvestment Act (CRA) exam rating for TAB Bank. TAB Bank, based in Utah and regulated by the FDIC,...
Illinois has a historic opportunity to ensure state banks, state credit unions, and mortgage companies invest mortgage capital equitably. The ability for the State of IL to hold all lenders accountable for the impact they have on the residents...
When CRA plans are required as a condition of the approval, the regulator retains jurisdiction to ensure that banks follow through. The growing use of conditional approvals is a very positive development and one which provides opportunities for community...