cra

KeyCorp raises community investment plan to $40 billion

KeyCorp is more than doubling the size of its community investment plan to $40 billion and extending it five years…

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Outsider emerges as top contender to lead OCC

WASHINGTON — Banking policy observers have been in suspense for weeks over whom the Biden administration will select for comptroller…

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FDIC chair hopes regulators will ‘come together’ on CRA reform: Report

WASHINGTON — The head of the Federal Deposit Insurance Corp. became the second top regulator in as many weeks to…

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Comerica names leader of outreach to nonprofits in Black community

Comerica in Dallas has tasked a longtime communications executive to help it build relationships with people of color. As national…

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Third Federal’s CRA rating stuck at ‘needs to improve’

WASHINGTON — For the second time in three years, Third Federal Savings and Loan Association in Cleveland has received a…

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Interagency breakthrough on CRA looks to be in reach

WASHINGTON — As the Biden administration fills out its roster of bank regulators, optimism is growing that agencies that had…

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Expand CRA to include nonbanks

“It’s easier to get a loan in Albania than on the West Side of Chicago.” That quote delivered by an…

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First Citizens commits $16 billion to community development lending

First Citizens BancShares will pour $16 billion into low- and moderate-income communities under a new community reinvestment plan tied to…

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Santander’s CRA rating upgraded to ‘outstanding’

Four years after receiving a “needs to improve” grade on its Community Reinvestment Act examination, Santander Bank in Bostom has…

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New York regulator offers incentives for climate-friendly loans

State-regulated banks and credit unions in New York can now earn state Community Reinvestment Act credit for helping low-income communities…

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