Agencies Release Final Community Reinvestment Act Guidance
The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency on Nov. 15 released the final revisions to "Interagency Questions and Answers Regarding Community Reinvestment," which the agencies use to provide additional guidance on Community Reinvestment Act (CRA) regulations. The agencies updated five existing questions and added two new questions. The questions address statewide and regional impact, nationwide investments, community development services, proportional investments and lending performance.
Tune into the Nov. 19 Tax Credit Tuesday podcast to hear more about the guidance.