OCC Seeks Stakeholder Comments on CRA Regulations

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Communities CRA Low and Middle Income OCC Regulation Previous: Fair Housing Act Applies to LGBT Too, Says Court Next: ARMCO Launches Fraud Case Manager Tool Communities CRA Low and Middle Income OCC Regulation 2018-08-29 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago August 29, 2018 1,978 Views The Best Markets For Residential Property Investors 2 days agocenter_img Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / OCC Seeks Stakeholder Comments on CRA Regulations In a bid to modernize the regulatory framework of implementing the Community Reinvestment Act (CRA), The Office of the Comptroller of Currency (OCC) has asked for comments from stakeholders.The CRA, which was enacted in 1977 to encourage banks and other insured depository institutions to help meet the credit needs of their communities, including low- and moderate-income (LMI) neighborhoods, is being considered for reforms. In 2017 and 2018, the Department of Treasury gathered feedback and published recommendations for modernizing the regulatory framework of this act.In a statement the OCC said that it had issued the Advance Notice of Proposed Rulemaking (ANPR) to better achieve the statute’s original purpose, increase lending and investment where it was needed most, and reduce the burden associated with reporting and assessing CRA performance.“As a long-time banker, I have seen firsthand the benefit of CRA investment and how it makes communities vibrant,” said Comptroller of the Currency Joseph M. Otting. “I have also seen how limitations in the current CRA regulation can fail to provide consideration to a bank that wants to lend and invest in a community with a need for capital, including many low- and moderate-income areas.”Noting that the operation of the current CRA regulation could result in restricted resources, Otting said that it was time for a national discussion on how “we can make the CRA work better.”Through the ANPR the OCC is asking stakeholders to comment on a number of questions regarding the improvements to the CRA regulation on various aspects such as increasing lending and services to people and in areas that need it most including LMI areas; clarifying and expanding the types of activities eligible for CRA consideration; revisiting how assessment areas are defined and used; making bank CRA performance more transparent; and reducing the cost and burden related to evaluating performance under the CRA.According to Otting, some of the areas that stakeholders had complained about included the difficulty of getting capital to critical areas, significant administrative burden, lack of CRA consideration for important development activities, and failure to adapt to advances in banking such as interstate branching and digitization of services. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Radhika Ojha OCC Seeks Stakeholder Comments on CRA Regulations in Daily Dose, Featured, Government, Newslast_img read more

Taylor, Bloomfield retain titles at Carifta

first_img Remained unbeaten Jamaica also dominated the 1500m winning three out of four. Cemore Donald remained unbeaten this season after capturing the Under-18 girls’ event. The Edwin Allen High student won in 4:42.50 ahead of teammate Britnie Dixon. Ashani Robb won the girls’ Under-20 1500m in 4:39.20 while defending champion Shevon Parkes won the Under-20 boys’ event in 3:56.72. Earlier in the morning session, Hydel High’s Shian Salmon pocketed Jamaica’s first gold medal of the meet. Salmon, the defending champion in the Under-18 high jump, cleared a season’s best 1.82 metres to win the event. Teammate Lamara Distin picked up silver with a best of 1.77m. Bermuda’s Sakari Famous, also 1.77m, was third. Jamaica’s other medal in the morning session came from Akio Jones, who captured bronze after finishing third in the girls’ Under-18 shot put with a heave of 13.87m. Jamaica should also win several medals today as 19 finals, 10 on the track and nine in the field, will be contested. Track events include the 4×100 metres in both age groups. ST GEORGE’S, Grenada: DEFENDING 400 metres champions Christopher Taylor and Akeem Bloomfield retained their titles in fine style as Jamaica picked up 18 medals – eight gold, 7 silver, and three bronze – on yesterday’s opening day of the 45th Carifta Games in St George’s, Grenada. Taylor, the record holder in the Under-18 boys’ one-lap event, was not tested as he won in 47.36 seconds away from Antoni Hoya Small of Barbados, 48.23. Third went to Onal Mitchell of Trinidad and Tobago in 48.72. ” I just came out and did what I had to do to win the event,” said Taylor. Bloomfield ran a relaxed race throughout to take the Under-20 title, just doing enough to win in a season’s best 46.02. Jamal Walton of the Cayman Islands was second in 46.23, with bronze going to Kinard Rolle of The Bahamas in 46.88. “I just came out to win and defend my title as I want to finish competing here, so I can focus on the Penn Relays and World Junior Championships,” Bloomfield said after his victory. Stacey Williams had earlier captured gold in the Under-18 girls 400 m in 54.00, getting the better of Amanda Crawford of Grenada, 54.16, with Britni Fountain of The Bahamas taking third in 54.68. Jamaica’s Sanique Walker, the silver medallist a year ago, was fourth in 55.25. Sada Williams of Barbados prevented a Jamaican sweep of the 400m as she raced to a personal best 52.07 to capture the Under-20 girls’ event. Shaquina Dorset of The Bahamas was second in 52.59 while Jamaica’s Tiffany James took third in 52.70 ahead of her teammate Semoy Hemmings, fourth in 53.89.last_img read more

Fighting Ebola or Each Other?

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Risky venture: Commercial Motorcyclists Hamper Road Work in Ganta

first_imgThe Chinese road construction company, CHICO, is finding it difficult to smoothly operate equipment in Ganta as commercial motorcyclists continue to use the main road, which is under construction, despite signs displayed to redirect vehicles and motor bikes.All the company does is lay cones and tape, or pieces of planks across the road to stop vehicles from plying the portion of road being worked on. But the motorcyclists, instead of going by the signs, forcefully ride in areas that have been cordoned off, thus causing the machine operators to frequently give way while working.The company also has men standing by the signs to direct motorcyclists and drivers, yet the cyclists continue to demonstrate their intransigence toward the directives of the road workers.Onlookers attracted to the road work were on Saturday, July 11 seen screaming and shouting as the cyclists defiantly drove in-between the road building equipment, and in some instances, narrowly escaped accident.The same continued on Sunday afternoon when the company was demolishing some structures on the road, getting some to blame police for not helping to control the traffic as work goes on.Most of Ganta’s alleys are opened, making it easy for vehicles coming from Monrovia or Saniquellie and Saclepea to bypass the area where work is ongoing.Despite the availability of such alleys to allow for traffic detours, motorcyclists use the main road where construction work is going on, thereby causing impediment to the work.Reacting to the event, Nyan Dookpah, a popular Nimba folk musician, said, “This is the risk they take and, when some of them die in the process, they carry on mob violence and burn people’s vehicles. It is the same [thing] one of them did a few months ago and died while attempting to cross in front of a speeding truck from the side of the road, and at the end, those in the commercial motorcycle business burnt the truck.”Another onlooker reacted, “They are doing this so when any of them dies they will attack the Chinese people equipment to loot and burn it. Now they are not seeing their actions, but as soon as accident takes place, you will see all the motorcyclists coming out with violence.”When the Daily Observer contacted the Ganta City Council on the problem, Administrative Assistant, Bob Emmanuel Paye referred reporter to the Liberia National Police (LNP) Traffic Division responsible to control traffic.Effort made to reach the police did not materialize as the Traffic Commander identified as Nyanamah was said to have gone to the checkpoint along the Saclepea Highway where many vehicles were being directed to attend market in various towns in the week.Meanwhile, motorcycle transport business in Liberia has over the time been quite disastrous despite the higher profits it brings. It has been associated with too many accidents leading to crippling and death of many people.As accidents occur and a motorcyclist becomes a victim, other motorcyclists usually resolve to violence, which leads to destruction of properties including police depots and private vehicles.The situation has led to a strict regulation in Monrovia where commercial motorcycles are no longer allowed in the city center or along main thoroughfares.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Newcastle United forward Ayoze Perez scores ridiculous goal in training

first_img NEW ERA Benitez is no closer to signing any players or to signing a new deal How Man United could line up for Newcastle clash – will Pogba start? How Chelsea could line up against Southampton – what system will Lampard play? Latest Premier League news Tottenham v Brighton LIVE: talkSPORT commentary and team news for Boxing Day opener However, he certainly will have enjoyed seeing Perez score an absolute peach in training.During a simple crossing exercise, the Spaniard simply had to tap in a rebound to complete the drill.However, given it is pre-season and the prime time to stake your claim for a starting place, he decided to do something a bit different.With his back to goal, the forward flicked the ball from between his legs into the top corner, leaving teammates and staff members in awe. who plays? possible xi gameday After scoring eight goals and grabbing five assists in the Premier League last season, Perez must be wondering what he has to do to get a starting role with the Magpies.But if he continues like this and they fail to add anyone before August 9, the 24-year-old will almost certainly be starting at home to Tottenham on August 11.Check out the video below! Tottenham predicted XI to face Brighton with Mourinho expected to make big changes center_img How Liverpool could line up at Leicester with midfielder set for lengthy absence ALTERED possible standings predicted smart causal Ayoze Perez sent a timely reminder to boss Rafael Benitez of the talent he possesses with a sublime goal in pre-season training.The Newcastle United boss is at war with owner Mike Ashley over a lack of transfer funds, even admitting he needs to ‘wheel and deal’ this transfer window. Every current Premier League club’s best kit from the past decade How Arsenal could line up in Arteta’s first official game in charge – Ozil return? How the Premier League table could change after the Boxing Day fixtures 1last_img read more

Remy hits back at Newcastle and denies performing U-turn

first_imgLoic Remy has hit back at claims he pulled out of a move to Newcastle in order to join QPR.The striker was targeted by Magpies boss Alan Pardew before Rangers chairman Tony Fernandes offered significantly higher wages and clinched his capture from Marseille for around £8m.Pardew had been confident of signing Remy and has described the player’s snub as “a little strange”.Remy says his decision was not made for financial reasons and also denies indicating he would move to St James’ Park and then performing a U-turn.“I was no closer to joining Newcastle than QPR before the time came when I had to make a decision,” he said.“I spoke to Alan Pardew and Tony Fernandes. Unlike what has been reported in the press, I was not in the advanced stage of discussions with Newcastle.”Remy also insists he was not swayed by the opportunity to live in London.He said: “I had heard Newcastle was in the north and that it’s cold there, but that’s not really important.“It wasn’t the lifestyle which made the decision for me.”Click here for our West Ham v QPR quizSee also:Remy: QPR move ‘not based on money’QPR boss would be happy to sell 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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

McKinleyville, Fort Bragg ready for rematch in NCS D-IV semifinal round

first_imgWhen the McKinleyville High baseball team last faced Fort Bragg it was in the championship round of the Fort Bragg Tournament on March 16.McKinleyville won that game 5-4, claiming its first Fort Bragg tourney title since 1995 — a year in which the Panthers went on to win a North Coast Section championship.On Friday No. 2 seeded McKinleyville (21-3) will take on No. 5 Fort Bragg (21-5) again, this time in the semifinal round of the NCS Division-IV playoffs.On March 16 little separated the two …last_img read more

Transport Month 2016

first_imgIn October every year South Africa celebrates its public transport, and road, rail, air and maritime infrastructure, during Transport Month. This year the theme of the month is “Together we move South Africa forward”.James Hall Museum of Transport: a nod to land transportThe James Hall Museum of Transport in Johannesburg preserves and collects the country’s transport heritage. Here, from schoolchildren to motor enthusiasts, from tourists to ordinary citizens, everyone will find something to catch their eye. READ MORE >Five South African motorsport legendsFrom the late Gugu Zulu to recent MotoGP champ Brad Binder, South African motorsport boasts a host of legends, champions and superstars. Meet some of the country’s best behind the wheel. READ MORE >Transport Month celebrates the ‘heartbeat’ of South Africa’s economy“A resilient and fast-growing economy is at the heart of our radical economic transformation agenda and our National Development Plan,” Transport Minister Dipuo Peters at the launch of Transport Month at Mmorogong village in North West. READ MORE >Public transport: Buses and trains in South AfricaWhile South Africa is well served by an extensive road network, conveniently offering travellers to ability to reach all corners of the country by car, it is still a large country to explore and those not used to driving long distances, there are other options available to travel around South Africa, both between cities and around metropolitan areas. READ MORE >Driving in South AfricaWhen visiting South Africa, the self-driving option is a viable and enjoyable way to get around the country. South Africa has excellent road infrastructure, large vehicle-hire fleets run by international and local rental companies, great weather and plenty of stunning scenery. READ MORE >Domestic flights in South AfricaSouth Africa has a number of airlines flying between its major cities as well as to some of its smaller ones, with fares ranging from first-class to cut-price economy. Flights can be booked online from anywhere in the world. READ MORE >Infographic: Joburg by taxi – a practical guideGetting around Joburg on a minibus taxi can be daunting for newbies. But once you know your short right from your after robot, and your Diepsloot from your Orange Farm, it’s the fastest, most popular and often the cheapest way to get where you want to go. READ MORE >last_img read more

Twitter Redesigns As Streaming Trends Site

first_imgTwitter just announced its new home page redesign complete with trending topics and search. Publicly launched at the 2006 South by South West interactive festival, users first flocked to the site as a way to communicate with friends and festival attendees. However, as we’ve seen in the past few years, the site has evolved into a multifaceted real-time tool. The community has given timely updates on earthquakes, the Iran election and we’ve even seen professional poker players bluff in real-time Tweets. Twitter has evolved into a community where users can discover breaking news and trends and the new home page certainly matches that. Says Twitter cofounder Biz Stone in a blog post , “Demonstrating the power of Twitter as a discovery engine for what is happening right now through our Search and Trends often awakens a sense of wonder which inevitably leads to a much more compelling question, “How do I get involved?”And it seems at this point, if you haven’t gotten involved you’ve been living under a rock. While the site always contained the ability to search and discover trends, these features were buried. Today, with the new design, all of those television viewers who refused to give into the peer pressure of Oprah and Ashton Kutcher’s hour-long Twitter tutorial will finally understand the value of the service. Twitter isn’t just an emotional weather report generator, it’s a taste of zeitgeist. In some cases, the spirit of our times is simply our lust to win an iPhone in a Twitter sweepstakes or our willingness to spam our friends with Spymaster, and in other cases it is breaking news about the events, companies and issues that effect our lives. One of the interesting aspects of the new trends section is that unlike real-time search engine One Riot, Twitter not only offers the list of related-tweets, but it also offers a short rationale for a topic’s popularity. This contextualization makes it particularly useful for news discovery. Those who’ve abandoned their Twitter accounts might point to the frivolity of some of the home page’s current trending topics; however, Twitter’s ebb and flow is only as silly or intelligent as our society dictates. When the President of the United States encourages you to tweet your senator to support health insurance reform, you know you should probably continue to keep an eye on this micro blogging superstar. dana oshiro The Dos and Don’ts of Brand Awareness Videos Facebook is Becoming Less Personal and More Pro… Related Posts center_img Guide to Performing Bulk Email Verification Tags:#twitter#web A Comprehensive Guide to a Content Auditlast_img read more

Ex-PBA veteran Cris Bolado dies in road crash in Cambodia

first_imgKammuri turning to super typhoon less likely but possible — Pagasa MOST READ Indians celebrate division title with eyes on Series win Read Next LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Photo from Cris Bolado’s Facebook accountFormer PBA veteran Cris Bolado was killed in a motorcycle crash on Sunday in Cambodia. He was 47.After having a successful PBA career, Bolado ran a Filipino restaurant in the Cambodian capital of Phnom Penh.ADVERTISEMENT LATEST STORIES Nonong Araneta re-elected as PFF president The 6-foot-6 big man won 11 championships, including a rare Grand Slam as a member of Alaska Milk in 1996.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutHis former Alaska head coach Tim Cone remembered him as a “gentle giant” and a player always admired by his teammates.“I was so shocked and sorry to hear about the passing of Cris. He was such a joy to coach and both a gentleman and a gentle giant,” Cone told INQUIRER.net Monday. Brace for potentially devastating typhoon approaching PH – NDRRMCcenter_img “He was always loved by his teammates and that’s why his teams were successful every where he played. He was a great chemistry guy. My heart goes out to the family of Chris and my condolences. He will be remembered with great fondness,” Cone, who coached Alaska from 1989-2011, added.Bolado was selected by Alaska as the 13th overall pick in the 1994 PBA Draft. Frontrow holds fun run to raise funds for young cancer patients  Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight E.T. returns to earth, reunites with grown-up Elliott in new ad  Fire hits houses in Mandaluyong City Don’t miss out on the latest news and information. View commentslast_img read more