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Agencies Revise Final Interagency Q&A's on CRA (1/6/09) The regulatory agencies released new and revised Interagency Questions and Answers on Community Reinvestment. The Q&A's encourage financial institutions to participate in foreclosure prevention programs that have the objective of providing affordable, sustainable, long-term loan restructurings or modifications for homeowners who are facing foreclosure on their primary residences. In addition, the Q&A's also address activities undertaken by a majority-owned financial institution in cooperation with a minority- or women-owned financial institution or a low-income credit union. The agencies also revised one question and answer that addresses financial institution investments in nationwide community development funds. Finally, the agencies propose for comment one new and two revised questions and answers. Comments on the proposed provisions are due by March 9, 2009.
FDIC Offers Teleconference on Fair Lending Risk Assessment, January 14th FDIC's fair lending exam specialists will host a free, 90-minute conference call at 3 p.m. EST, Jan. 14th that will focus on how to perform an effective fair lending risk assessment. The conference call, which is available to employees of all FDIC-supervised institutions, will include a question-and-answer session.
