WebApr 12, 2024 · On November 7, 2024, SBA published a notice of proposed rulemaking with a request for comments in the Federal Register to lift the moratorium on licensing new SBLCs, to add a new type of entity called a Mission-Based SBLC, and to remove the requirement for a Loan Authorization. 87 FR 66963 (November 7, 2024). WebACTION: Proposed rule; extension of comment period. SUMMARY: On August 20, 2004, the Federal Deposit Insurance Corporation (FDIC), requested public comment on proposed revisions to 12 CFR part 345 implementing the Community Reinvestment Act (CRA) (69 FR 51611, August 20, 2004). The FDIC is extending the comment period on the proposal
Summary of Proposal to Modernize Community …
WebJun 15, 2024 · According to the agency’s press release, the final rule is designed to increase CRA-related lending, investment and services in low- and moderate-income (“LMI”) communities where there is significant need for credit, responsible lending, and greater access to banking services. WebJun 1, 2024 · The agencies proposed important improvements in the CRA regulations including expansion of geographical areas on CRA exams, more data to scrutinize … progressive reforms of early 1900s
ICBA issues summary on CRA modernization proposal
WebApr 13, 2024 · EXECUTIVE SUMMARY The Biden Administration recently unveiled a more detailed vision of its proposed changes to how agencies and the Office of Information and Regulatory Affairs consider and support the rationales behind regulatory actions. The core changes involve adjusting the threshold at which rules face more rigorous reviews, … WebApr 26, 2024 · In the proposed rule, the Bureau outlines a requirement for covered financial institutions to begin collecting and reporting data on small business credit applications, including those small businesses owned by minorities and women. WebMar 16, 2024 · The proposed Illinois CRA rules require banks to pay, in connection with any Illinois CRA examination, the following fees: $2,200 per day, which will be billed following completion of the ... kzone theater