Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
OCC issues Bulletin on CRA evaluations
On Friday, the OCC issued Bulletin 2018-17, to inform national banks, federal savings associations, and federal branches and agencies about clarifications to OCC supervisory policies and processes affecting how examiners evaluate and communicate bank performance under the CRA. The agency also restated its commitment to an effort to modernize the CRA.