Agencies Issue Joint Proposal Amending the Community Reinvestment Act Rules
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today proposed targeted changes to their current rules implementing the Community Reinvestment Act (CRA) to better align with the statutory mandate; better ensure that…
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today proposed targeted changes to their current rules implementing the Community Reinvestment Act (CRA) to better align with the statutory mandate; better ensure that…
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Why it matters
The joint proposal by OCC and FDIC to amend the Community Reinvestment Act rules represents a significant regulatory event with broad implications for bank lending practices and community investment obligations, affecting numerous institutions and potentially altering compliance frameworks.