The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of July 1, 2025, through July 31, 2025.
I love that quote. I’ve used it so long, I don’t remember if I saw it somewhere or may it up myself. But, it’s my favorite example of bad information—funny, totally unverifiable, and somehow still quoted with confidence.
It’s also a surprisingly good reminder of how easy it is to accept flawed data without thinking twice.
Recent macroeconomic data paints a contradictory picture: consumer spending is rising, but so is consumer debt distress. For lenders and servicers, this paradox signals a more nuanced environment for recovery strategies.
Federal bank regulators have released a proposal to rescind the Community Reinvestment Act (CRA) final rule that was issued in October 2023.
The FDIC, OCC and the Federal Reserve Board said they would replace it with the CRA regulations that were issued in 1995 and are now in place, with certain technical amendments.
On July 24, Oregon Governor Tina Kotek signed House Bill 3865 (HB 3865) into law, introducing significant changes to the regulation of telephone solicitations within the state. This new legislation narrows the permissible calling hours, reducing communications during late evening hours by prohibiting calls after 8 p.m., down from the previous 9 p.m. Additionally, the bill expands the definition of telephone solicitations to include text messages.
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