Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to. Brainard made the remarks...
Louis Brandeis, arguably the most quotable judge in the history of the United States Supreme Court, had his doubts about spontaneous acts of brilliance. “There is no great writing,” he famously said. “There is only great rewriting.” While the world is full of stories of...
The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe could mean big changes for the rules that govern lending to poor borrowers. According to Wall Street Journal reports, the net effect of...
A decade ago, the world of financial services saw what was perhaps its greatest sea change in a generation — in 2007, two separate, unconnected and epoch-making things happened at the same time. The first was that the iPhone hit the market, igniting the mobile phase...
December 26, 2017
A decade ago, the world of financial services saw what was perhaps its greatest sea change in a generation — in 2007, two separate, unconnected and epoch-making things happened at the same time. The first was that the iPhone hit the market, igniting the mobile phase of the digital era. That year, the iPhone opened the […]
October 31, 2017
Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a...
December 02, 2024
The Office of the Comptroller of the Currency (OCC) rated three out of 19 financial institutions as “outstanding” in its latest list of Community Reinvestment Act (CRA) performance evaluations. The other 16 financial institutions on the list were rated “satisfactory,” the regulator said in a Monday (Dec. 2) press release. None were rated “needs to improve” or […]
March 12, 2019
Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital...
January 11, 2018
The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe could mean big changes for the rules that...
October 24, 2017
The arbitration clause rule has been formally smacked down by the U.S. Senate — after the 50-50 tie vote was broken by VP Mike Pence. Yes, the same Congress that...
