#06: Ken Thomas: CRA Modernization and COVID Recovery Efforts Collide

This podcast interviews Ken Thomas, Ph.D., one of our pioneers of the Community Reinvestment Act (CRA) to share a high-level overview of CRA Reform now that the Office of the Comptroller of the Currency (OCC) released its final rule. This episode highlights CRA modernization, interagency positions, politics and coronavirus recovery efforts.Key Topics and Interests: CRA Modernization, CRA Reform, OCC, FRB, FDIC, Community Reinvestment Act, CRA, Community Development, COVID19, Coronavirus recovery, SBA PPP, Ken Thomas, Community Development Partners, CRA TodayAs so many of us are working with our banks to support our local communities recover and re-open yet CRA Reform is now at the forefront, especially for the OCC regulated entities. This episode is focused on 4 key elements, starting with a little politics, and then shifting to solutions and impact: CRA Reform-Timing and Political Considerations OCC’s Final Rule Framework FDIC FRB OCC Interagency Future ConsiderationsCommunity Development Impact and COVID Recovery Thoughts Here are a few links to take a deeper dive into key concepts and resources: Office of the Comptroller of the Currency Press Release, Comptroller of the Currency Joseph M. Otting Resignation Announcement https://www.occ.treas.gov/news-issuances/news-releases/2020/nr-occ-2020-66.htmlOffice of the Comptroller of the Currency, Community Reinvestment Act Final Rule 12 CFR Parts 25 and 195https://www.occ.gov/news-issuances/federal-register/2020/nr-occ-2020-63a.pdfCommunity Development Fund Advisors https://communitydevelopmentfund.com/Ken Thomas Ph.D. LinkedIn https://barefootbeachcafe.com/menu/CRA Today https://www.cratoday.com/Linda Ezuka LinkedIn https://www.linkedin.com/in/linda-ezuka-cra-today/Click here to access a free download "30 Creative Ways Beyond Forbearance and Forgiveness Programs to Support COVID Recovery"