Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation Finalize Community Reinvestment Act Guidance

Summary

The OCC, Board, and FDIC have finalized revisions to the Interagency Questions and Answers Regarding Community Reinvestment, addressing alternative retail banking systems, community development issues, and innovative lending practices, while clarifying nine proposed questions and adopting two new ones, and making technical corrections to update cross-references and remove outdated references to the Office of Thrift Supervision.