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ICBA released a high-level summary of the recently released interagency final rule to reform Community Reinvestment Act regulations ahead of an upcoming ICBA briefing on the rule.
New Summary: ICBA’s four-page summary breaks down the nearly 1,500-page rule for banks that qualify under the small, intermediate, and large bank asset thresholds. It also details the new retail lending test and rules on assessment areas.
ICBA Briefing: ICBA is also set to hold a complimentary briefing on the rule next week. Scheduled for 3 p.m. (Eastern time) Thursday, Nov. 16, the briefing will feature an overview of the rule and time for Q&A.
Comprehensive Summary: ICBA is developing a longer, more comprehensive summary for community bankers.
More Information: Additional resources, including staff memoranda and statements from regulators, are available from the Federal Reserve and FDIC.
Previous News
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Small Business Administration’s expansion of its 7(a) loan program.
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Nov 3, 2023
ICBA released a high-level summary of the recently released interagency final rule to reform Community Reinvestment Act regulations ahead of an upcoming ICBA briefing on the rule.
ImageNov 2, 2023
The Treasury Department’s Bureau of Fiscal Service issued a final rule governing the payments of Treasury checks.
ImageNov 2, 2023
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