Tagged: community reinvestment act

Digital Bank Varo Bank Submits Comment Letter on Community Investment Act Proposed Amendments

Varo Bank, the first true digital only bank that made it through the rigorous chartering process, has issued a comment letter on a potential change to the Community Reinvestment Act (CRA). The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation… Read More

The Financial Technology Association Comments on Potential Changes to the Community Reinvestment Act

The Financial Technology Association (FTA) has issued a statement regarding potential changes to the Community Reinvestment Act (CRA). The CRA is a law that seeks to encourage financial institutions to serve diverse communities, including low and moderate-income neighborhoods. Recently, several federal institutions, including the FDIC,… Read More

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