Archive: CRA
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Oct 23, 2009
No CommentsMore, or Less Consumer Regulation? More!
By Edward B. Kramer, Executive VP, Regulatory Programs As we all know by now, the House Financial Services Committee voted 39 to 29 on Thursday to approve legislation to create a consumer financial protection agency, a key priority in the Obama administration’s regulatory reform plan. The bill would remove from the federal banking and thrift agencies...
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May 18, 2009
No CommentsRisk Management
While attending the MBA’s Legal Issues And Regulatory Compliance Conference last week, several of the speakers spoke about controlling risk throughout the process. Legal and Compliance should be involved in the risk management process from beginning to end. The Legal and Compliance department has the global perspective on risk while the business line has a...
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Mar 26, 2009
No CommentsYour CRA Exam is a Story: Write a Masterpiece
By Edward Kramer During PCi’s Your CRA Exam is a Story: Write a Masterpiece Webcast earlier this week focusing on Performance Context, two very timely questions were posed by participants. I wanted to share them, and my responses: Q. Given the state of the economy and the troubled banking system, how will regulators view the...
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Dec 15, 2008
No CommentsTop Regulatory Compliance Priorities for the New Year
The regulatory environment grew increasingly complex in 2008. The New Year promises new regulations and tougher enforcement. What can your organization do to get ready? Below are some ideas from PCi compliance consultants for navigating the shifting regulatory landscape and ideas for getting ready for what lies ahead. Statistics-Challenged Compliance Officer Seeks Fun-Loving R-Squared From:...
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Nov 20, 2008
No CommentsComptroller Dugan Defends CRA
By Edward Kramer Comptroller of the Currency John C. Dugan said he categorically disagrees with suggestions that the Community Reinvestment Act is partly responsible for the ongoing credit crisis. “CRA is not the culprit behind the subprime mortgage lending abuses, or the broader credit quality issues in the marketplace,” Mr. Dugan said in a speech...
