FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W61221639> ?p ?o ?g. }

• W61221639 startingPage "69" @default.
• W61221639 abstract "More than two years when President Clinton ordered regulators to revamp Community Reinvestment Act regulations, it was hard to fault intent. President wanted regulators to stress not paperwork. when regulators completed their first proposed revamp of rules in late 1993, echoes of initial applause had long died. Bankers regarded agencies' first shot as virtual credit allocation. When regulators went back to work and issued another revision, reaction wasn't much friendlier. Some bankers even suggested that Washington abandon effort and leave things as they had been. So regulators returned to their desks again, and in April issued their final rewrite as final regulation. This time, an ABA Banking Journal roundup of banker opinion indicates, Washington came up with something that, in general, bankers say they can live Improvement? A definite maybe Richard P. Morthland speaks for many of his fellow bankers when he makes this assessment of final rule: It's a lot better deal than we could have been stuck with. While some bankers are even a bit more enthusiastic, most interviewed fall in line with Morthland, who is president CEO of $300 million-assets Peoples Bank & Trust Co., Selma, Ala. On other hand, not everyone is so sanguine. Saying 'It could have been worse' doesn't mean it's necessarily better, says Jeanine Catalano, a Secura Group partner based in San Francisco. The new CRA is better than old one, but it's not simple and it's not objective, observes Jo Ann S. Barefoot, contributing editor to this magazine and president, Barefoot, Marrinan & Associates, Inc., Columbus, Ohio. Indeed, among bankers, there are notes of disappointment here and there. We had hoped there would be a safe harbor for 'Outstanding' banks, says Don Mullane, executive vice-president, Bank of America. Overall, new CRA isn't going to save us a lot, says Stephen A. Kase, general counsel and compliance officer at $285 million-assets Baylake Bank, Sturgeon Bay, Wis. Kase, much like other bankers surveyed, explains that much of minutiae eliminated from CRA process by new regulations entails steps bank would be taking in administering its CRA efforts anyway. We also see some added burdens, due to increased reporting requirements, says Kase. Fresh from a speech about new regulations, community banker Kate S. Barr, chair of ABA's Compliance Committee, reports an audience very much divided by degree of compliance demanded. Small-town banks were very much looking to get out from under documentation entirely, says Barr, who is senior vice-president at $150 million-assets Riverside Bank, Minneapolis, Minn. However, those banks that are closer to $250 million in size or from large communities are going to have a hard time letting go of all systems they've built up. Here and there, some bankers are looking on optimistic side of things. Take NBD Bancorp's Chris Snow, CRA/compliance officer: It's true we have new paperwork requirements in form of reports on small business and small farm lending, but that's all automated, versus collecting memos and figures from meetings outside bank. I've got eight file drawers filled with stuff I won't be sorry to see go. Others see increased focus on small business loans as a positive. It will reduce CRA dominance of housing credit, says consultant Jo Ann S. Barefoot. Generally, there's been positive feeling about rule, says consultant Lucy H. Griffin of Compliance Management Services, Falls Church, Va. But three years from now, that will be real test. Some specific concerns As in many other compliance changes, bankers are looking for the devil in details and some think they have found it. Here is a small sampling of questions and concerns that bankers and consultants are speaking about: Performance context--An institution's performance under tests and standards in rule is judged in context of information about institution, its community, its competitors, and its peers, states a preamble to new regulations. …" @default.
• W61221639 created "2016-06-24" @default.
• W61221639 creator A5018234346 @default.
• W61221639 date "1995-06-01" @default.
• W61221639 modified "2023-09-24" @default.
• W61221639 title "Bankers Assess the New CRA Rules" @default.
• W61221639 hasPublicationYear "1995" @default.
• W61221639 type Work @default.
• W61221639 sameAs 61221639 @default.
• W61221639 citedByCount "1" @default.
• W61221639 crossrefType "journal-article" @default.
• W61221639 hasAuthorship W61221639A5018234346 @default.
• W61221639 hasConcept C144133560 @default.
• W61221639 hasConcept C162324750 @default.
• W61221639 hasConcept C17744445 @default.
• W61221639 hasConcept C187736073 @default.
• W61221639 hasConcept C199539241 @default.
• W61221639 hasConceptScore W61221639C144133560 @default.
• W61221639 hasConceptScore W61221639C162324750 @default.
• W61221639 hasConceptScore W61221639C17744445 @default.
• W61221639 hasConceptScore W61221639C187736073 @default.
• W61221639 hasConceptScore W61221639C199539241 @default.
• W61221639 hasIssue "6" @default.
• W61221639 hasLocation W612216391 @default.
• W61221639 hasOpenAccess W61221639 @default.
• W61221639 hasPrimaryLocation W612216391 @default.
• W61221639 hasRelatedWork W121434577 @default.
• W61221639 hasRelatedWork W122918856 @default.
• W61221639 hasRelatedWork W188532615 @default.
• W61221639 hasRelatedWork W234877029 @default.
• W61221639 hasRelatedWork W237913723 @default.
• W61221639 hasRelatedWork W261632401 @default.
• W61221639 hasRelatedWork W293417596 @default.
• W61221639 hasRelatedWork W2992654366 @default.
• W61221639 hasRelatedWork W2993381594 @default.
• W61221639 hasRelatedWork W2993921025 @default.
• W61221639 hasRelatedWork W301142544 @default.
• W61221639 hasRelatedWork W312436206 @default.
• W61221639 hasRelatedWork W317213643 @default.
• W61221639 hasRelatedWork W332644602 @default.
• W61221639 hasRelatedWork W333026173 @default.
• W61221639 hasRelatedWork W334621554 @default.
• W61221639 hasRelatedWork W344144312 @default.
• W61221639 hasRelatedWork W361041717 @default.
• W61221639 hasRelatedWork W208651836 @default.
• W61221639 hasRelatedWork W2692733749 @default.
• W61221639 hasVolume "87" @default.
• W61221639 isParatext "false" @default.
• W61221639 isRetracted "false" @default.
• W61221639 magId "61221639" @default.
• W61221639 workType "article" @default.