

Dr. Thomas is the nation's leading expert and author on the Community Reinvestment Act, or CRA. He has a Ph.D. in business and applied economics and an M.A. in finance from The Wharton School as well as an MBA from the University of Miami and a B.S.B.A. (High Honors) from the University of Florida. Dr. Thomas taught banking and monetary economics at The Wharton School of the University of Pennsylvania for 42 years. He is also a 20-plus year member of the board of directors and chairman of the nominating/corporate governance committee of a community bank. As chairman of the board of trustees and co-founder/founder of two CRA qualified investment impact bond funds since 1999, he has facilitated the deployment of several billions of dollars of community development investments in disadvantaged communities. Dr. Thomas was a recipient of one of the first three awards of excellence from the National Community Reinvestment Coalition, or NCRC, in 1994, the other two awarded to Representative Joe Kennedy and Comptroller of the Currency Eugene Ludwig. As a consultant to both the private and federal sectors, his thought leadership is reflected in today's existing CRA regulations.
-
"Don't fight the Fed" is the mantra of investors. But, when the Fed does not allow banks to meet the needs of their communities and shareholders through unfair regulations, like the politically motivated CRA final rule, bankers have no choice but to go to court to seek regulatory justice.
March 11 -
The nation's largest credit union allegedly engaged in racial discrimination resulting in calls for further investigations and regulations. Had Navy Federal been subject to the Community Reinvestment Act it may have avoided this problem.
February 12 -
Banks need to mount an aggressive legal response to the onslaught of intrusive new rules being promulgated by their prudential regulators.
January 8 -
Internet-based banks are siphoning deposits away from urban centers in the U.S. and, unlike brick-and-mortar banks, face no requirement that they loan money back into those communities.
December 11 -
Unfair regulations must be challenged, and bankers are increasingly turning to lawsuits to do so, writes Ken Thomas, president of Community Development Fund Advisors.
October 12 -
Banking crises always recur. But time and again, bankers have been shown to operate on the assumption that good times are permanent.
September 1 -
Regulators had their priorities backward when it came to overseeing SVB and allowed an obvious danger to go unmitigated.
April 14 -
Banks need to be cautious about negotiating pre-merger Community Benefit Agreements with nationwide activist groups. The deals carry real reputational hazard.
January 30 -
Our current high inflation rates and the recession that is probably facing the economy in 2023 have the fingerprints of Federal Reserve Board Chairman Jerome Powell all over them.
November 23 -
The industry needs a leader to be the face of a lawsuit challenging the proposal. The author nominates JPMorgan Chase's Jamie Dimon.
October 17
