FDIC’s Hill: Agency would welcome Fed participation in CRA rulemaking
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations and would welcome the central bank’s participation, FDIC Chairman Travis Hill said. The post FDIC’s Hill: Agency would welcome Fed…
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations and would welcome the central bank’s participation, FDIC Chairman Travis Hill said. The post FDIC’s Hill: Agency would welcome Fed…
BELLINGS Intelligence Score: 38
Why it matters
The FDIC expressing openness to Federal Reserve participation in CRA rulemaking signals potential regulatory collaboration that could influence community lending standards, affecting multiple lenders and markets, though it is not yet a formal regulatory change.
Sources
ABA Banking Journal
FDIC’s Hill: Agency would welcome Fed participation in CRA rulemaking
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations and would welcome the central bank’s participation, FDIC Chairman Travis Hill said. The post FDIC’s Hill: Agency would welcome Fed…