CRA Resources and Examiner Q&A
The Federal Reserve Bank of Kansas City, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) will host a webinar on the Community Reinvestment Act on Thursday, July 28, at 11:00 a.m. CDT. The webinar will cover new and existing CRA resources. CRA examiners will also be available to answer questions.
Register for the Webinar
Flood Insurance Webinar
The banking agencies will host a webinar on Wednesday, July 27, at 1:00 p.m. CDT to discuss recent updates to the interagency questions and answers regarding flood insurance compliance. Questions for the regulators may be submitted via email to fedwebinar@sf.frb.org.
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Senators Request Master Accounts Process Details
Ranking Member of the Senate Banking Committee, Sen. Pat Toomey (R-Pa.), and committee members Tim Scott (R-S.C.), Thom Tillis (R-N.C.) and Cynthia Lummis (R-Wyo.) continue to seek information from the Kansas City Federal Reserve regarding master account awarded, then rescinded to the troubled fintech Reserve Trust Company. “By continually stonewalling Congress, you have essentially asserted that the Kansas City Fed is not subject to any oversight by Congress or the public,” the letter stated.
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ABA: Postal Service Check-Cashing Pilot "inconsistent with Congressional intent"
The American Bankers Association (ABA) said a U.S. Postal Service plan to offer check cashing services is beyond the statutory definition of postal services. In a letter to the Postal Regulatory Commission on the proposal, the ABA said, “As a threshold matter, any policy changes to the Postal Service’s mission, including any entrance into financial services, should follow express Congressional direction, not increasingly strained and unsupported interpretations of what is a ‘postal service.’”
Read the Letter
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