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OCC Releases CRA Performance Evaluations for 19 National Banks and Federal Savings Associations
December 2, 2024 / Source: OCC
WASHINGTONâThe 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 November 1, 2024, through November 30, 2024. Under the CRA, the OCC assesses an institutionâs record of meeting the credit needs of its entire community, including low- and…
Joint Statement by the Department of State and the Department of the Treasury on the United States Governmentâs Response to Israelâs Cabinet Decision on Extending the Indemnification for Correspondent Banking between Israel and the West Bank
December 2, 2024 / Source: Treasury
WASHINGTON â The United States welcomes the Government of Israelâs decision to approve a one-year extension of its indemnification for Israeli banks, which underpins correspondent banking relationships with Palestinian counterparts. Economic stability in the West Bank is essential for Israeli and Palestinian security, and correspondent banking is a key pillar of that economic stability. The United…