Episode 6: CRA Modernization and COVID Recovery Efforts Collide
This podcast interviews Ken Thomas, Ph.D., of Community Development Fund Advisors, one of our pioneers of the Community Reinvestment Act (CRA) to share a high-level overview of CRA Reform now that the Office of the Comptroller of the Currency (OCC) released its final rule. This episode highlights CRA modernization, interagency positions, politics and coronavirus recovery efforts.
As so many of us are working with our banks to support our local communities recover and re-open yet CRA Reform is now at the forefront, especially for the OCC regulated entities. This episode is focused on 4 key elements, starting with a little politics, and then shifting to solutions and impact:
- CRA Reform-Timing and Political Considerations
- OCC’s Final Rule Framework
- FDIC FRB OCC Interagency Future Considerations
- Community Development Impact and COVID Recovery Thoughts
Here are a few links to take a deeper dive into key concepts and resources:
- Office of the Comptroller of the Currency Press Release, Comptroller of the Currency Joseph M. Otting Resignation Announcement https://www.occ.treas.gov/news-issuances/news-releases/2020/nr-occ-2020-66.html
- Office of the Comptroller of the Currency, Community Reinvestment Act Final Rule 12 CFR Parts 25 and 195 https://www.occ.gov/news-issuances/federal-register/2020/nr-occ-2020-63a.pdf
- Community Development Fund Advisors https://communitydevelopmentfund.com/
- Ken Thomas Ph.D. LinkedIn https://barefootbeachcafe.com/menu/
- CRA Today https://cratoday.com/
- Linda Ezuka LinkedIn https://www.linkedin.com/in/linda-ezuka-cra-today/
Latest posts by Team Podfixer (see all)
- Episode 82: CRA Tips: Less is More – Perfecting Your CRA File by Cutting the Clutter - November 7, 2023
- Episode 81: CRA Tips: 46th Anniversary of the CRA – How will you serve? - October 31, 2023
- Episode 80: CRA Tips: CRA Services Hours, Events, or Instances? What the What?!? - October 17, 2023