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OCC Extends Notice Period for Scheduled CRA Evaluations

Wednesday, May 31, 2017 - 2:00PM

The Office of the Comptroller of the Currency today announced it will extend the notification period for Community Reinvestment Act (CRA) evaluations. Starting with the third quarter of this year, the OCC will post the list of financial institutions in which CRA evaluations are due for the next two quarters–a practice it began today. This change allows more time for parties to review and provide meaningful comments on a financial institution’s performance before a CRA examination. The OCC was previously required to publish a quarterly CRA evaluation schedule at least 30 days before the beginning of each quarter.

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