The threshold for the obligation has been lowered to 25 closed-end mortgage loans originated in each of the two preceding calendar years, according to a bulletin published on the OCC's website.
In 2020, JPMorgan pledged to invest significant resources in closing the racial wealth gap. Here is what the bank did, and what it looks like when a private-sector company tries to fix a societal problem.
Dozens of community bankers and housing experts offered their opinions on the Federal Home Loan Bank system, the first review in nearly 100 years. But the insurers, nonbanks and megabanks that use the system the most were largely absent from the debate.