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  • About
    • Membership
    • News
    • Boards and Committees
    • Alice Dittman Trailblazer Award
    • NBA Foundation
    • Leadership Program
    • Staff Directory >
      • Contact Us
  • Workforce
    • Careers
    • Post Job Openings
  • Advocacy
    • Legislative Update
    • BankPAC
    • Comment Letters
  • Compliance
    • Handbook
    • Compliance Update
    • Compliance Alliance
  • Education
    • Event Calendar
    • In-person Events/Training
    • Webinars
    • ABA Training
    • Banking Schools
    • CYBERSECURITY TRAINING
    • Sponsorships and Exhibits
    • Young Bankers (YBON)
  • Insurance
    • Agency Services >
      • Commercial Insurance
      • Personal Insurance
      • Livestock, Irrigation and Farm Insurance
      • Surety Bonds
    • Bank Property & Liability >
      • GloveBox - Bank Property & Liability
    • Financial Institution Insurance >
      • GloveBox - Bank Property & Liability
    • Benefit Plans
  • Bank Resources
    • Preferred Vendors
    • Associate Members
    • Marketing Resources
    • Financial Literacy
    • Single Bank Pooled ​Collateral Program
    • Bank Security
    • Compensation & Benefits Survey

NBA News

NBA Urges Changes to CRA Proposal

8/10/2022

 
The NBA recently submitted comments in response to the proposed changes to the Community Reinvestment Act (CRA). 

Specifically, the NBA’s letter called for:
  • Reducing the burden on small banks
  • Increasing community development activity transparency
  • Eliminating the proposed large bank retail lending assessment areas
  • Modifying the retail lending test
  • Updating small business and farm definitions
  • Extending CRA requirements to credit unions and other financial service providers
  • Lengthening the implementation period. 

The NBA also joined the American Bankers Association (ABA) and 50 other state banking associations in a comment letter. The groups noted several proposed changes are contrary to the objectives of regulatory modernization.

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