The U.S. Office of the Comptroller of the Currency at the end of August published an advanced notice of proposed rulemaking, calling for public comment on ways to modernize and transform the Community Reinvestment Act.
Springfield-bound New Valley Bank & Trust plans to put a premium on small business lending, while utilizing technology to its fullest and outsourcing a number of services in its early stages to achieve its business strategy.
The Bureau of Consumer Financial Protection has issued an interpretive and procedural rule to implement and clarify section 104(a) of the Economic, Growth, Regulatory Relief and Consumer Protection Act.
Eastern Bank has received the highest possible grade for its performance under the Community Reinvestment Act.
Not too long ago, the insidious practice known as redlining was the norm and many urban neighborhoods were deemed off limits for access to credit and insurance. In traditionally low-income neighborhoods, often home to people of color, local residents had no access to capital to purchase a home
Banks and credit unions in Massachusetts are coming off their best Community Reinvestment Act performance since 2014, according to a review by Banker & Tradesman of monthly activity reports posted by the Massachusetts Division of Banks.
