Bankowość · 29/12/2015

OCC, Board, and FDIC Amend Community Reinvestment Act Regulations to Update Asset-Size Thresholds

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) are updating their Community Reinvestment Act (CRA) regulations to adjust the asset-size thresholds for small banks and savings associations, based on the annual percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The agencies also plan to remove outdated references to the Office of Thrift Supervision (OTS) and update cross-references to relevant federal consumer financial laws.