Bankowość · 15/12/2021

Comptroller of the Currency Adopts Final Community Reinvestment Act Rule Based on 1995 CRA Rules

The Comptroller of the Currency is adopting a final Community Reinvestment Act (CRA) rule that is largely based on the 1995 CRA rules, as revised, issued by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC). This final rule applies to national banks and savings associations, rescinding the 2020 OCC rule and paving the way for future interagency CRA updates.