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CRA Overhaul Could Shift Bank Lending Focus | Irvine News
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The Trump administration is rolling out sweeping changes to the Community Reinvestment Act — the first major update in nearly 30 years — aiming to shift focus from bank branch counts to actual lending patterns. By raising the small bank threshold from $412 million to $1 billion, roughly 800 banks will escape strict CRA rules, leaving only 86 institutions — about 3% — under full oversight. New guidelines also tighten eligibility for community development grants, potentially excluding “activist causes” and prioritizing local initiatives over national groups, sparking concerns about rural funding and political influence. The rules are open for public comment for 60 days before final adoption.
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