Federal CRA reform process has begun
The FDIC released proposed rules for an interagency Community Reinvestment Act reform process today. The long-awaited proposal represents the most recent of many stalled efforts to update this anti-redlining law.
Advocates Call for FDIC, under New Leadership, to Stop Banks from Fronting for Predatory Lenders
Letter Identifies Six Out-of-State “Rogue Banks” that Enable Predatory Lenders to charge 100%+ Interest in States with Rate Caps
Woodstock welcomes FDIC review of bank merger process
We believe the ease at which the federal bank regulatory agencies approve mergers has created an unprecedented level of consolidation in the industry that disproportionately hurts access to financial services in low- and moderate-income communities and communities of color....