The new proposal offers majority-owned financial institutions
Community Reinvestment Act (CRA) credit for activities with minority and womenowned banks.
In 2013, Union Bank CSR community investments included USD 7.7bn in loans and activities recognized by the
Community Reinvestment Act; USD 13m in philanthropic donations through the Union Bank Foundation; 78,000 employee volunteer service hours, and the equivalent of USD 2.9m in employee pro bono service on nonprofit leadership boards.
The
Community Reinvestment Act (CRA) is expected to encourage financial institutions to help meet the credit needs of the communities in which they operate, including low and moderate-income neighbourhoods.
The
Community Reinvestment Act itself can use some strengthening by making performance during foreclosure a part of the CRA performance rating.
The object of the attack was the
Community Reinvestment Act (CRA), an anti-redlining law.
At a forum to discuss the
Community Reinvestment Act (CRA), organised by an NGO, it was concluded that Seaway Bank and Trust Co, was not contributing enough to the community.
In acting on a notice to establish a branch, the Board also is required to take into account the convenience and needs of the community to be served, including a bank's record under the
Community Reinvestment Act ("CRA") (12 U.S.C.
In its
Community Reinvestment Act (CRA) community lending map, BONY had excluded these areas, thus sparking a challenge, under the CRA, from the two community groups.
In her new position, Ms Fowlie will operate as the bank's compliance officer and
Community Reinvestment Act officer, managing all regulatory compliance and
community reinvestment act compliance.
In acting on a proposal under section 3 of the BHC Act, the Board is required to consider the effect of the proposal on the convenience and needs of the communities to be served and take into account the records of the relevant depository institutions under the
Community Reinvestment Act (12 U.S.C.
Participating banks may receive investment credits which will help fulfill their federal and State
Community Reinvestment Act obligations while expanding business activity within the State.