Community Reinvestment Committee

The Community Reinvestment Committee ensures CBA is the acknowledged industry leader in community reinvestment policy, affordable lending, and community and economic development.

CBA’s Community Reinvestment Committee (CRC) is the leading industry voice on community development and CRA policy. Through ongoing dialogue with regulators, legislators and community groups, the Committee participates in federal policy and priority developments and provides the industry perspective to assist in identifying the impact of proposed reforms and to provide strategic direction on emerging issues that affect low- and moderate income communities and individuals.

Though consumer compliance and supervision of banks over $10 billion has transferred from the prudential regulators to the Consumer Financial Protection Bureau (CFPB), CRA examination has remained. Nevertheless, the CRA exams must now be coordinated with the CFPB fair lending exams; new data collection rules issued by the CFPB will affect CRA as well; and CRA will be changed by the presence of the CFPB in ways we cannot yet know. The CRC is instrumental in assisting CBA member banks as we move through this transitional period.

With guidance from the committee, CBA advocates for the best solution for retail banks and the communities they serve. A major goal of the Committee is to ensure Congress and the regulatory agencies maintain CRA as a sustainable business of banking and to keep expectations for bank CRA activities in step with the realities of the credit market.