TyB
>>19799521
Douchebag plays checkers and wastes no time telling everyone how important they think they are.
Constantly having to state it…..ain’t
Agencies issue final rule to strengthen and modernize Community Reinvestment Act regulations
(Fin institutions already doing this-and it worked sooo well the first go around…/s-the rubber stamp officially now for it AGAIN)
Federal bank regulatory agencies today jointly issued a final rule to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law. The CRA is a landmark law enacted nearly 50 years ago to encourage banks to help meet the credit needs of their entire communities, especially in low- and moderate-income (LMI) neighborhoods, in a safe and sound manner.
Building on feedback from commenters on the proposed rule and research, the final rule updates the CRA regulations to achieve the following key goals:
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Encourage banks to expand access to credit, investment, and banking services in LMI communities. Under the final rule, the agencies will evaluate bank performance across the varied activities they conduct and communities in which they operate so that the CRA continues to be a strong and effective tool to address inequities in access to credit and financial services. It promotes financial inclusion by supporting bank activities with Minority Depository Institutions and Community Development Financial Institutions and in Native Land Areas, rural areas, persistent poverty areas, and other high-need areas.
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Adapt to changes in the banking industry, including internet and mobile banking. The final rule will update the CRA regulations to evaluate lending outside traditional assessment areas generated by the growth of non-branch delivery systems, such as online and mobile banking, branchless banking, and hybrid models. It is calibrated to recognize the continued importance of bank branches, while establishing a framework to evaluate the digital delivery of banking products and services for certain banks.
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Provide greater clarity and consistency in the application of the CRA regulations. The final rule adopts a new metrics-based approach to evaluating bank retail lending and community development financing, using benchmarks based on peer and demographic data. The agencies will develop data tools using reported loan data that give banks and the public additional insight into performance standards. The final rule also clarifies eligible CRA activities, such as affordable housing, that are focused on LMI, underserved, native, and rural communities.
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Tailor CRA evaluations and data collection to bank size and type. The final rule recognizes differences in bank size and business models. For example, small banks will continue to be evaluated under the existing framework with the option to be evaluated under the new framework. The rule also exempts small and intermediate banks from new data requirements that apply to banks with assets of at least $2 billion and limits certain new data requirements to large banks with assets greater than $10 billion.
Most of the rule's requirements will be applicable beginning January 1, 2026. The remaining requirements, including the data reporting requirements, will be applicable on January 1, 2027.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20231024a.htm
Chekt full house of retardedness and panic
Shifty will be Senator in CA and I support removing EVERY LAST ONE OF THE. However that is not very practical until it all falls apart. They ain’t building that Yuge embassy in Lebanon for no reason…”govern” from afar
Good luck crypto tard. Mellon family product
You’ll find out all about tether too
Bwahahahaha!
USAFSOC 11-3104 Dornier 328 NW from Barbados depart
PAT682 NW from St Croix
The one previous hit Cabo made some mess but hit the coastal mtns on the mainland and just became rain…lots though. Don’t take much to do major damage even a trop storm pretty much fucks anything on the Baja Peninsula outside of overbuilt Cabo (had house north of Loreto several years) even an inch of rain causes lots of damage.
This one went from tropical storm to that Cat 5 almost instantly
Except BRICS hasn’t done shit yet so until that is physically redeemable it won’t supplant the US $ at 85% of global trade anytime soon. (((They))) already control that (BRICS)
It will take the people to reject all forms of FIAT currency in order to remove it and institute barter with real money. Not any official replacement
That ain’t nuffin
Wake me when down moar than 5% or moar and then circuit breakers close