In The News

State/Local

Missouri Bankers Association addresses COVID-19 pandemic
Daily Star-Journal, 3/24/20

St. Louis Fed's Bullard sees a quick rebound after 'unparalleled' hit to U.S. economy
St. Louis Business Journal, 3/25/20

Missouri governor asks feds for disaster declaration amid COVID-19 outbreak
St. Louis Post-Dispatch, 3/25/20

Missouri loosens testing criteria for COVID-19, opening door for more sick people to get tests
St. Louis Post-Dispatch, 3/24/20

Missouri governor says state will be fighting coronavirus for ‘some time’
St. Louis Post-Dispatch, 3/24/20

St. Louis Fed's Bullard calls for deliberate three-month slowdown of the U.S. economy to combat virus
St. Louis Business Journal, 3/23/20

How far can the economy fall? Fed's Bullard offers some numbers in calling for aggressive government response
St. Louis Business Journal, 3/23/20

Commentary: Nicklaus: $2 trillion is an unprecedented amount of stimulus. It also may not be enough
St. Louis Post-Dispatch, 3/26/20

Commentary: A recession is coming. Unlike one we’ve ever seen
St. Louis Post-Dispatch, 3/23/20

National

White House, Congress agree on $2 trillion virus rescue bill
AP/St. Louis Post-Dispatch, 3/25/20

Regulatory

US regulators say financial system able to manage coronavirus pandemic
SNL, 3/26/20

Fed says it will cut back on bank examinations amid coronavirus pandemic
SNL, 3/24/20

Calls for CECL delay expose standard's flaws
American Banker, 3/24/20

Operations

Bankers pledge mortgage help, but want billions
The New York Times, 3/23/20

Commentary: Banks’ playbook for getting through the coronavirus crisis
Forbes, 3/24/20

Commentary: Banks should defer household debt to protect the economy
Politico, 3/22/20

Commentary: Lenders say they’ll be flexible during this pandemic. But you’ll still have to pay
Los Angeles Times, 3/25/20

Economy

Fed chair Powell says will provide nearly unlimited lending
AP/ St. Louis Post-Dispatch, 3/26/20

Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound
CNBC, 3/25/20

Fed's Bullard says US economy must 'throttle back' to properly fight coronavirus
SNL, 3/23/20

Fed removes QE cap, launches new programs to stabilize economy
SNL, 3/23/20

Fintech

Popular European banking app Revolut is launching in the US today
The Verge, 3/24/20

Letter Writing Guide Assists Bankers With CRA Comments

February 21, 2020
document signatureWednesday, April 8, is the deadline to submit comments on a proposal to modernize the Community Reinvestment Act regulations. MBA strongly urges bankers to share their thoughts on the proposal and has posted a comment letter writing guide on its website to help bankers with their comment letters to the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. 
 
The guide, compiled by the American Bankers Association, highlights several key aspects of the proposal, such as assessment areas, performance measurement and data collection, that bankers could respond to in their comments. The guide also provides instructions for filing comment letters once completed.
 
Bankers should provide specific examples in their comment letters of how the proposal will affect their institution. Bankers also may want to include their own recommendations for improving the CRA regulatory and supervisory framework. 

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